Schenectady, NY Cost Of Living
Cost Of Living In Schenectady, NY Summary
Cost of living in Schenectady research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Schenectady is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Schenectady is 97, with 100 being the average.
The cost of living index in Schenectady is 1.0x lower than the national average.
Schenectady ranks as the #77 cheapest in New York out of 340.
Schenectady ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Schenectady is $118,300.
The median income in Schenectady is $50,237.
Table Of Contents
Schenectady's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Schenectady, NY?
According to the most recent data on the cost of living, Schenectady has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to New York, Schenectady has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Schenectady ranks as #77 most affordable out of the 340 places we measured in New York. By definition, that implies Schenectady ranks as the #263 most expensive place in the Empire State.
For more reading on life in Schenectady, check out:
- Living In Schenectady
- Schenectady Crime Report
- Search Homes For Sale In Schenectady, NY
In New York
In America
Schenectady Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Schenectady. Here is how it fairs on each of the criteria:
The Services index in Schenectady is 109.
The Groceries index in Schenectady is 112.
The Health index in Schenectady is 105.
The Housing index in Schenectady is 69.
The Transportation index in Schenectady is 105.
The Utilities index in Schenectady is 101.
| Living Expense | Schenectady | New York | National Average | |
|---|---|---|---|---|
| Overall | 97 | 126 | 100 | |
| Services | 109 | 110 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 105 | 105 | 100 | |
| Housing | 69 | 175 | 100 | |
| Transportation | 105 | 107 | 100 | |
| Utilities | 101 | 102 | 100 | |
Schenectady, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Schenectady is $118,300.
The Median Rent in Schenectady is $965.
The Median Income in Schenectady is $50,237.
The Home Value To Income in Schenectady is 2.4x.
The Rent To Monthly Income in Schenectady is 0.23x.
| Statistic | Schenectady | New York | United States |
|---|---|---|---|
| Median Home Value | $118,300 | $340,600 | $244,900 |
| Median Rent | $965 | $1,390 | $1,163 |
| Median Income | $50,237 | $75,157 | $69,021 |
| Home Value To Income | 2.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Schenectady, NY Costs By Category
Detailed Schenectady Services Costs Vs. New York
| Item | Schenectady | New York |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.09 | $10.68 |
| Bowling | $17.0 | $14.67 |
| Haircut | $21.64 | $18.62 |
| Beauty Salon | $45.78 | $39.05 |
Detailed Schenectady Groceries Costs Vs. New York
| Item | Schenectady | New York |
|---|---|---|
| Ground Beef | $3.6 | $4.22 |
| Fried Chicken | $1.56 | $1.39 |
| Milk | $2.44 | $2.05 |
| Potatoes | $3.46 | $3.29 |
| Pizza | $10.52 | $10.62 |
| Beer | $9.93 | $9.38 |
| Toothpaste | $2.41 | $2.34 |
Detailed Schenectady Health Costs Vs. New York
| Item | Schenectady | New York |
|---|---|---|
| Optometrist | $142.69 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $110.33 | $99.13 |
Detailed Schenectady Transportation Costs Vs. New York
| Item | Schenectady | New York |
|---|---|---|
| Gasoline | $2.36 | $2.22 |
| Tire Balancing | $48.79 | $50.07 |
Detailed Schenectady Utilities Costs Vs. New York
| Item | Schenectady | New York |
|---|---|---|
| All Electricity | $163.41 | $167.67 |
| Phone | $188.21 | $175.64 |
Schenectady SnackAbility
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Cost Of Living In Cities Around Schenectady
The cost of living varies in the cities and towns around Schenectady. Here's a quick look at the cost of living in the most populous nearby places:
Albany, NY has a cost of living index of 104, 1.1x Schenectady.
Saratoga Springs, NY has a cost of living index of 122, 1.3x Schenectady.
Rotterdam, NY has a cost of living index of 104, 1.1x Schenectady.
| City | Population | Cost Of Living | Vs. Schenectady |
|---|---|---|---|
| Albany, NY | 99,402 | 104 | 1.1x |
| Saratoga Springs, NY | 28,110 | 122 | 1.3x |
| Rotterdam, NY | 22,584 | 104 | 1.1x |
| Niskayuna, NY | 20,369 | 110 | 1.1x |
| Cohoes, NY | 17,931 | 101 | 1.0x |
| East Glenville, NY | 11,687 | 109 | 1.1x |
| Rensselaer, NY | 9,330 | 100 | 1.0x |
| Colonie, NY | 7,792 | 107 | 1.1x |
| Westmere, NY | 7,730 | 111 | 1.1x |
| Scotia, NY | 7,305 | 98 | 1.0x |
