Zip 12307 (Schenectady, NY) Economy


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12307 Schenectady, NY is an ideal place for those in search of affordable housing. The 2 bedroom rent in the area is $1,160 which is significantly lower than the national average of $1,430. Additionally, grocery costs in 12307 are 96 units compared to 100 units nationally. Due to its affordability and access to conveniences, 12307 has become a desirable area for residents and businesses alike. Major companies with operations in 12307 are Proctors Theatre, Price Chopper Supermarket and Mohawk Ambulance Service. Proctors Theatre offers entertainment for all ages while Price Chopper Supermarket provides convenient access to quality food products. Mohawk Ambulance Service provides superior medical transportation services in the local community. With such amenities residents can live comfortably and enjoy all that 12307 has to offer.

Schenectady (zip 12307) has an unemployment rate of 8.6%. The US average is 6.0%.

Schenectady (zip 12307) 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 12307)
- The Sales Tax Rate for Schenectady (zip 12307) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schenectady (zip 12307) 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 12307)
- The average income of a Schenectady (zip 12307) resident is $12,062 a year. The US average is $28,555 a year.
- The Median household income of a Schenectady (zip 12307) resident is $30,151 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySchenectady, New YorkUnited States
  8.66
  -3.6%-6.2%
  23.7%33.5%
  8.0%6.2%
  6.2%4.6%
  $20,222$37,638
  $30,151$69,021
  $49,670$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  6.7%6.8%
  4.3%10.0%
  1.9%2.5%
  16.6%11.0%
  11.8%4.8%
  0.0%0.8%
  3.1%1.9%
  1.9%4.7%
  1.0%1.9%
  1.1%7.6%
  0.0%0.1%
  1.9%4.2%
  0.0%9.3%
  22.3%14.0%
  6.9%2.1%
  12.0%7.0%
  4.1%4.8%
  2.2%4.7%
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