Schenectady County · New York · Northeast · 69k residents
Schenectady, NY: economy, jobs & business costs
The site-selection read on Schenectady: labor costs, talent, corporate tax, energy, and business activity, with the New York median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,456/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Schenectady side by side
Avg. weekly wage
$1,456/wk
Corporate income tax
7.25%
Bachelor's degree or higher
25.4%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Schenectady's economy is moving, ranked against the US cities we track.
94/100
Heating
Ranks Schenectady's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $168,800 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $1,033/mo |
| 2-bedroom rent | $1,154/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,456/wk |
| Bachelor's degree or higher | 25.4% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 21.7/1k |
| Wage: Software developer | $127,910 |
| Wage: Registered nurse | $99,970 |
| Wage: General manager | $111,130 |
| Wage: Customer service | $45,350 |
| Wage: Warehouse worker | $38,220 |
| Wage: Heavy truck driver | $60,720 |
| Wage: Electrician | $74,890 |
| Wage: Retail salesperson | $35,420 |
| Cost of living index | 92 |
| Groceries index | 108 |
| Utilities | $190/mo |
| Transit pass | $127/mo |
| Gas price | $3.50/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,400/mo |
| Median household income | $58,399 |
| Unemployment rate | 4.3% |
| Population | 69k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 34/100 |
| Disaster risk | 71/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 84°F |
| January low | 16°F |
| Annual snowfall | 59 in |
| Home price YoY | +5.6% |
| Home price MoM | +0.5% |
| Rent YoY | +2.3% |
| Rent MoM | +0.9% |
| Employment (jobs) YoY | +2.8% |
| Building permits YoY | — |
| Ocean coast | 121 mi |
| Big lake | 58 mi |
| Mountains | 41 mi |
| Major airport | 8 mi |
| Ski resort | 37 mi |
Popular comparisons
Nearby
- Rotterdam, NY · 23k
- Niskayuna, NY · 21k
- Cohoes, NY · 18k
- Albany, NY · 100k
- Troy, NY · 51k
Similar size
- Mount Vernon, NY · 72k
- Utica, NY · 64k
- Cheektowaga, NY · 76k
- White Plains, NY · 61k
- Hempstead, NY · 59k
Real listings in Schenectady
LoopNet ↗Crexi ↗CommercialCafe ↗
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- Is Schenectady a good place to run a business?
- New York's corporate income tax rate is 7.25%; average weekly wages in the surrounding labor market run $1,456/wk; commercial electricity averages 18.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Schenectady, NY?
- Schenectady indexes at 92 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,154/mo and a acs median home value of $168,800.
- How much does a house cost in Schenectady?
- The acs median home value in Schenectady is $168,800 (Census ACS estimate; individual listings vary).
- How much is rent in Schenectady?
- A two-bedroom in Schenectady rents for about $1,154/mo.