Housing costs in Schenectady?
A typical home costs
$245,500, which is 27.4% less expensive than the national average of
$338,100 and 40.6% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Schenectady costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 66.1% cheaper than the state average of
$1,960.
Can I afford Schenectady?
To live comfortably in Schenectady (zip 12303), New York, a minimum annual income of
$47,160 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Schenectady?
Living in 12303 Schenectady, NY can be quite expensive. According to the Cost of Living Index published by Best Places, the cost of living in Schenectady is 24% higher than the national average. This means that groceries, housing, healthcare, utilities, and other basic necessities are significantly more expensive than what one may find elsewhere in the country. While there are some great job opportunities in the area that can help offset these costs, people should factor them into their budget when considering a move to Schenectady.