Schenectady cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSchenectadyNew YorkNational
Cost of living index99122100
IndexSchenectadyNew YorkNational
Goods & Services index118112100
Groceries index99103100
Health care index101104100
Housing index73149100
Transportation index115122100
Utilities index96102100
A general summary of the cost of living index in Schenectady, NY is shown above. Compared to the state average of New York the cost of living index in Schenectady, NY is 99, which is 19% lower than the average in New York and compared to the national average it is 1% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Schenectady, NY goods and services come in at 5% higher than the average in New York and are 18% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Schenectady is 19% lower than the New York average.
  • The cost of living in Schenectady is 1% lower than the national average.
  • The cost of housing in Schenectady is 27% lower than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Compare Schenectady, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Schenectady, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Schenectady, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Schenectady, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,895$4,991$1,397$1,797
Renters$25,155$2,096$587$755
One can approximate the cost of living and the housing affordability in Schenectady, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Schenectady, NY have a median income of $59,895. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,397 per month to avoid calamity and poverty. The renters in the city have an income of about $25,155, which would make their monthly maximum allowable rental costs $587.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
When considering the overall cost of living expenses in Schenectady, NY, it's important to take into account the sales tax for New York, as well as the rate for income tax in New York. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New York is 8.875%, and the sales tax in the state of New York is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New York starts from 4% and goes up to 8.82%.

Goods & Services

ItemSchenectadyNational avg.Difference
Haircut $15.40$14.595.5%
Beauty Salon $38.00$34.689.6%
Toothpaste $1.73$2.4730.1%
Shampoo $0.99$1.023.1%
Movie $11.35$9.8715.0%
Bowling $3.98$4.399.4%

Groceries

ItemSchenectadyNational avg.Difference
Ground Beef $4.23$4.485.5%
Fried Chicken $1.41$1.463.7%
Milk $2.35$2.360.3%
Potatoes $3.79$3.0623.8%
Pizza $8.49$9.248.1%
Beer $9.69$8.6312.2%

Health Care

ItemSchenectadyNational avg.Difference
Optometrist $92.40$99.787.4%
Doctor $103.80$105.031.2%
Dentist $96.20$88.708.5%
Ibuprofen $9.23$9.411.9%
Lipitor $282.61$298.505.3%

Housing

ItemSchenectadyNational avg.Difference
Home Price $116,700.00$175,700.0033.6%
Avg. Mortgage Payment $1,315.97$1,081.0321.7%
Apartment Rent $817.00$920.0011.2%

Transportation

ItemSchenectadyNational avg.Difference
Gasoline $2.48$2.0918.4%
Tire Balancing $47.98$45.296.0%

Utilities

ItemSchenectadyNational avg.Difference
All Electricity$174.50$170.802.2%
Phone $24.95$28.2611.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Amsterdam, NY18,34895-5%
Green Island, NY2,6121011%
Hagaman, NY1,2841011%
Watervliet, NY10,2501011%
Troy, NY49,9651022%
Schenectady, NY66,05599-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Cloud, MN66,03896-4%
Davis, CA66,09315555%
Youngstown, OH66,01373-27%
Palo Alto, CA65,998222122%
Camarillo, CA65,98514747%
Schenectady, NY66,05599-1%
Source: The Schenectady, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.