12302 Schenectady, NY is an ideal city for anyone looking to escape the hustle and bustle of larger cities while still taking advantage of a vibrant economy. Cost of living in 12302 is below the national average, with a two bedroom rent sitting at $1,380 compared to the US average of $1,430. The local grocery cost index is also lower than the national average, sitting at 102 versus 100 in the US. There are plenty of business opportunities in 12302, including Global Foundries, GE Power and Arconic which provide excellent job opportunities to locals. With its low cost of living and variety of businesses, 12302 is an attractive location for people looking for a balance between city life and rural comfort.
Schenectady (zip 12302) has an unemployment rate of 5.2%. The US average is 6.0%.
Schenectady (zip 12302) 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Schenectady (zip 12302)
- The Sales Tax Rate for Schenectady (zip 12302) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schenectady (zip 12302) 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 (zip 12302)
- The average income of a Schenectady (zip 12302) resident is $31,375 a year. The US average is $28,555 a year.
- The Median household income of a Schenectady (zip 12302) resident is $83,692 a year. The US average is $69,021 a year.