Zip 12308 (Schenectady, NY) Economy


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12308 Schenectady, NY is a great place to call home. The average 2 Bedroom Rent in this area is $1,220 per month, which is slightly lower than the national average of $1,430. Grocery costs are also relatively inexpensive in 12308 with an index of 99 compared to the US’s 100. There are plenty of local businesses and attractions to explore here in 12308. Some notable companies in the area include: General Electric, Knolls Atomic Power Laboratory, and IBM's Global Technology Services Center. The city also offers a range of activities from shopping at the Rotterdam Square Mall to dining out at one of the many local eateries such as DeFazio’s Pizzeria or Bombers Burrito Bar. Whether you’re looking for an affordable place to call home or for something fun to do on the weekends, 12308 Schenectady has it all!

Schenectady (zip 12308) has an unemployment rate of 8.6%. The US average is 6.0%.

Schenectady (zip 12308) has seen the job market decrease by -3.6% 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 (zip 12308)
- The Sales Tax Rate for Schenectady (zip 12308) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Schenectady (zip 12308) 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 12308)
- The average income of a Schenectady (zip 12308) resident is $29,276 a year. The US average is $37,638 a year.
- The Median household income of a Schenectady (zip 12308) resident is $51,498 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySchenectady, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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