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: $247,000
- 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 Schenectady is a financially viable option for your relocation.