Housing costs in Schenectady?
A typical home costs
$212,600, which is 37.1% less expensive than the national average of
$338,100 and 48.6% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Schenectady costs
$1,090 per month, which is 44.4% cheaper than the national average of
$1,960 and 20.2% cheaper than the state average of
$1,310.
Can I afford Schenectady?
To live comfortably in Schenectady (zip 12305), New York, a minimum annual income of
$40,680 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Schenectady?
The cost of living in 12305 Schenectady, NY is fairly affordable. According to the Council for Community and Economic Research (C2ER), the overall cost-of-living index for this area is slightly below the national average. Housing costs are also below average with a median home price of around $130,000 and median rent being approximately $845 per month. Utility costs are also quite reasonable ranging from an average of $100 to $150 per month depending on usage. Grocery prices tend to be lower than many other areas as well. Overall, 12305 Schenectady, NY can provide affordable living options for those looking to move into the area.