Housing costs in Schenectady?
A typical home costs
$249,100, which is 26.3% less expensive than the national average of
$338,100 and 39.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Schenectady costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 42.0% cheaper than the state average of
$1,960.
Can I afford Schenectady?
To live comfortably in Schenectady (zip 12302), New York, a minimum annual income of
$47,880 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Schenectady?
The cost of living in 12302 Schenectady, NY is slightly below the national average. According to the Council for Community and Economic Research (C2ER), goods and services in 12302 are about 2.7% less expensive than the rest of the country. Housing costs, in particular, are significantly lower than elsewhere: while the median home value nationwide is $200,300 USD, in 12302 it is just $157,400 USD. Additionally, groceries and utilities are around 6% less expensive than they would be elsewhere. All in all, 12302 Schenectady provides a relatively affordable living environment when compared to other areas of the country.