Schenectady, NY is a city with plenty to offer. Residents of the city can enjoy affordable 2 bedroom rent, which averages $1,200 compared to $1,430 nationally. Grocery costs are also lower than average, with a cost index of 99 versus 100 in the US. Beyond the affordable living costs, Schenectady boasts a number of exciting local attractions and businesses. The historic Proctor’s Theater offers theatrical performances from classic musicals to contemporary pieces. For outdoor adventure, enjoy scenic walks along the Mohawk River or take a hike at the Iroquois National Wildlife Refuge. Shopping enthusiasts will love exploring downtown stores like Schenectady Hardware Co., while foodies will appreciate popular restaurants such as Marotta’s Bar & Ristorante and The Merry Monk Belgian Beer Cafe & Bistro. In general, Schenectady is an excellent place to find affordable living combined with plenty of entertainment and activities that all ages can enjoy!
Schenectady has an unemployment rate of 8.6%. The US average is 6.0%.
Schenectady 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
- The Sales Tax Rate for Schenectady is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schenectady 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
- The average income of a Schenectady resident is $20,652 a year. The US average is $28,555 a year.
- The Median household income of a Schenectady resident is $50,237 a year. The US average is $69,021 a year.