Cost of Living in Schenectady, NY

Housing

The housing market plays a significant role in determining the cost of living in Schenectady, NY.

• Housing Index: 115.0 / 100
• Median Home Price is: $247000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1650 per month

When considering a move to Schenectady, NY, you'll find a population of , with a median age of . The median income stands at , which indicates decent earning potential, yet the poverty level is notable at %. Additionally, the unemployment rate is relatively manageable at %. While approximately % of the population consists of married families, it's vital to weigh these figures carefully alongside personal circumstances and lifestyle preferences. Overall, these metrics provide a balanced view of the area's economic health and social dynamics.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Schenectady, NY.

• Electricity Price: 26.08 USD (median by state)
• Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Schenectady, NY could entail higher utility costs. Electricity costs sit at 26.08, while natural gas is priced at 18.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $54650

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Schenectady, NY, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.