Schenectady, NY is a great location to call home. With a population of nearly 66,000 people, it offers an array of amenities and services to meet the needs of residents. The average two bedroom rent in Schenectady is $1,220 which is only slightly lower than the US average 2 bedroom rent at $1,430. Additionally, the Grocery Cost Index in Schenectady is 99 versus 100 in the US. This suggests a relatively low cost of living. \nThe city boasts many local businesses that appeal to a variety of interests. For those who like to shop, there is Crossgates Mall and Lowe's. Restaurant options include Italian favorites like Carrabba's Italian Grill or more casual spots like Five Guys Burgers & Fries. As for recreation activities there are two golf courses and several parks for outdoor enthusiasts as well as cinemas and bowling alleys for those looking for some indoor fun. \nOverall Schenectady offers a reasonably priced cost of living along with plentiful entertainment and business opportunities that make it an attractive place to live.
Schenectady (zip 12304) has an unemployment rate of 8.6%. The US average is 6.0%.
Schenectady (zip 12304) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Schenectady (zip 12304)
- The Sales Tax Rate for Schenectady (zip 12304) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schenectady (zip 12304) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Schenectady (zip 12304)
- The average income of a Schenectady (zip 12304) resident is $22,982 a year. The US average is $28,555 a year.
- The Median household income of a Schenectady (zip 12304) resident is $55,725 a year. The US average is $69,021 a year.