Comptroller presents Finger Lakes report
YATES COUNTY--State Comptroller Thomas DiNapoli traveled to Penn Yan last Wednesday, Aug. 30. He was the guest speaker for a Yates County Chamber of Commerce luncheon at the Hampton Inn and he shared some results of a recently published report on statistics and demographic data for the Finger Lakes region.
DiNapoli said his office compiled the report so individual counties could utilize the data as they are recruiting new businesses or working with their existing groups and organizations.
DiNapoli's Finger Lakes region included nine counties: Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates. This area includes 1.2 million people (62 percent reside in Monroe County) and represents 6.1 percent of the state's population.
Yates is the smallest county of the nine counties with 24,923 people.
The population base in the Finger Lakes between 2010 and 2016 has decreased by .4 percent compared to a statewide increase of 1.8 percent.
Median household income in each of the nine Finger Lakes counties is below the state average. The state average is $55,269, Yates County is $49,510.
Only 54.4 percent of people in Yates County own their own home, the lowest of the nine county area. Further, the vacancy rate of housing units in Yates is the highest of the nine-county area--at 29 percent.
The effective property tax rate per $1,000 full value is $25.19 and the median Yates tax bill is $3,129. This compares to a statewide median of $8,173. The Yates tax rate is the lowest of the nine Finger Lakes counties in the report.
Over the past decade, the median home sales price in Yates has grown by 52 percent to $149,900 in 2016. But, compared to the other county areas, Yates is still one of the most affordable. Even though unemployment rates in Yates is one of the lowest at 4.4 percent in 2016, a major challenge in the county is the large number of unemployed and often unskilled laborers living in a rural county.