Cost of Living in Schenectady, NY
Population: 68,521 • 2026 Data
$56,398
Median Household Income
-27% vs national
$1,109
Median Monthly Rent
-18% vs national
$152,000
Median Home Value
-55% vs national
8.9%
Unemployment Rate
Housing in Schenectady
The median home value in Schenectady, NY is $152,000. Monthly rent for a typical unit averages $1,109, while total monthly housing costs (including utilities and insurance) average $1,140.
Rent-to-income ratio: 23.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Schenectady, NY is $56,398. The unemployment rate stands at 8.9%, with a labor force of 33,873 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.