Zip 12303 (Schenectady, NY) Economy


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12303 Schenectady, NY is a great place to live with its 2 bedroom rental cost of $1,180. It also has an affordable grocery cost index of 102 compared to the US average of 100. There are plenty of local businesses that make living in the area convenient. These include Price Chopper Supermarkets, Grand Union Supermarkets, Associated Supermarket Group, and Fresh Direct LLC. With all of these services available in 12303 Schenectady, NY it’s easy to see why many people choose this location for their home.

Schenectady (zip 12303) has an unemployment rate of 4.1%. The US average is 6.0%.

Schenectady (zip 12303) 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 26.1%, which is lower than the US average of 33.5%.

Tax Rates for Schenectady (zip 12303)
- The Sales Tax Rate for Schenectady (zip 12303) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schenectady (zip 12303) 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 12303)
- The average income of a Schenectady (zip 12303) resident is $36,371 a year. The US average is $37,638 a year.
- The Median household income of a Schenectady (zip 12303) resident is $71,573 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySchenectady, New YorkUnited States
  4.16
  -3.6%-6.2%
  26.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $36,371$37,638
  $71,573$69,021
  $93,990$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  5.6%6.8%
  5.8%10.0%
  1.8%2.5%
  14.0%11.0%
  4.3%4.8%
  0.4%0.8%
  3.1%1.9%
  5.9%4.7%
  1.7%1.9%
  9.4%7.6%
  0.2%0.1%
  3.0%4.2%
  10.2%9.3%
  13.6%14.0%
  1.0%2.1%
  5.6%7.0%
  4.5%4.8%
  9.3%4.7%
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