Schodack, NY Economy


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Schodack, NY is a vibrant town with plenty of opportunities for its residents. The cost of living in Schodack is slightly lower than the nation average. The 2 bedroom rent in the area is $1,320 compared to the US average of $1,430. Groceries are also cheaper as Schodack has a grocery cost index of 103 compared to 100 in the US. \nIn terms of local businesses, there are a range of service providers including plumbing companies, electricians and auto services. There are also plenty of attractions in Schodack such as heritage parks, family activities and theatres that provide entertainment for all ages.

Schodack has an unemployment rate of 5.8%. The US average is 6.0%.

Schodack 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 26.0%, which is lower than the US average of 33.5%.

Tax Rates for Schodack
- The Sales Tax Rate for Schodack is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schodack 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 Schodack
- The average income of a Schodack resident is $36,938 a year. The US average is $28,555 a year.
- The Median household income of a Schodack resident is $86,310 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySchodack, New YorkUnited States
  5.86
  -3.6%-6.2%
  26.0%33.5%
  8.0%6.2%
  6.2%4.6%
  $43,235$37,638
  $86,310$69,021
  $104,896$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  8.0%6.8%
  8.1%10.0%
  2.6%2.5%
  7.7%11.0%
  4.4%4.8%
  1.1%0.8%
  2.7%1.9%
  3.1%4.7%
  1.1%1.9%
  9.9%7.6%
  0.0%0.1%
  1.4%4.2%
  12.3%9.3%
  13.9%14.0%
  1.5%2.1%
  7.8%7.0%
  5.7%4.8%
  8.0%4.7%
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