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2024 Compare Cities Economy:
Schenectady, NY vs Albany, NY

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Highlights
- Household income in Albany, is 5% more than it is in Schenectady and is 31% below the National Average.
- Schenectady unemployment rate is 8.6%.
- Albany unemployment rate is 7.1%.

Economy
 Schenectady, NYAlbany, NYUnited States
 Unemployment Rate8.6%7.1%6.0%
 Recent Job Growth0.5%0.5%1.6%
 Future Job Growth23.7%24.8%33.5%
 Sales Taxes8.0%8.0%6.2%
 Income Taxes6.2%6.2%4.6%
 Income per Cap.$27,363$31,969$37,638
 Household Income$50,237$52,583$69,021
 Family Median Income$62,002$72,988$85,028
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 Est. Households By Income
 Schenectady, NYAlbany, NYUnited States
 Income Less Than 15K15.6%16.0%9.4%
 Income between 15K and 20K5.7%5.2%3.8%
 Income between 20K and 30K9.8%9.1%8.1%
 Income between 30K and 40K9.8%8.2%8.0%
 Income between 40K and 50K8.8%9.6%7.6%
 Income between 50K and 60K8.6%7.4%7.2%
 Income between 60K and 75K8.7%9.1%9.6%
 Income between 75K and 100K12.0%11.4%12.8%
 Income between 100K and 150K14.4%13.9%16.3%
 Income between 150K and 200K4.2%5.1%7.8%
 Income greater than 200K2.4%5.1%9.5%
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 Population By Occupation
 Schenectady, NYAlbany, NYUnited States
 Management, business, finance10.1%15.1%16.4%
 Engineering, computers, science5.8%7.6%6.5%
 Community, social services2.5%3.6%1.8%
 Legal1.3%1.7%1.2%
 Education, library5.5%7.4%6.2%
 Arts, design, media, sports, entertainment1.9%2.4%2.0%
 Healthcare practitioners and technology6.5%7.3%6.2%
 Healthcare support6.6%5.6%3.3%
 Firefighters, law enforcement2.0%2.4%2.1%
 Food preparation, serving6.7%5.7%5.4%
 Building maintenance5.8%3.9%3.6%
 Personal care3.4%3.6%2.6%
 Sales, office, administrative support20.5%23.7%20.9%
 Farming, fishing, forestry0.3%0.0%0.6%
 Construction, extraction, maintenance/repair7.9%2.8%8.1%
 Production, transportation, material moving13.2%7.2%13.1%

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Reviews for Schenectady    4 Reviews

Over 3 years ago

I have lived in Schenectady for more than two decades, not necessarily by choice up until now. The city looks like it's growing and developing downtown, which is a very  More

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Over 15 years ago

WE have been looking in Schenectady for a few years. We have stayed at the Parker INN a few times in the Presidential Suite. It has what we want. City atmosphere, but  More

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Over 16 years ago

shenectady is a great place to start businesses as well as providing affordable  More

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Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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ZIPS IN SCHENECTADY, NEW YORK
12304 12308 12307 12305
ZIPS IN ALBANY, NEW YORK
12203 12208 12206 12209 12210 12202 12222 12207

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