Jobs & Economy in New Rochelle

New Rochelle's economy runs through a real, active downtown high-rise development boom alongside established higher-education and healthcare anchors.

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An active, real downtown development boom

The city has authorized approximately 11,000 residential units downtown since 2015 -- a real, significant construction-driven economic activity engine.

Real higher-education anchors

Iona University (~4,200 students, AACSB-accredited LaPenta School of Business) and Monroe College's New Rochelle campus provide real, established local employment and economic activity.

A real hospital anchor

Montefiore New Rochelle Hospital (252 beds, formerly Sound Shore Medical Center) is a real, established healthcare employer.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.