C+
Overall 4%
Goods & Services 9%
Housing 31%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexSchenectadyNew YorkNational
Cost of living96118100
Goods & Services109110100
Groceries112109100
Health care104100100
Housing69145100
Transportation104104100
Utilities10098100

Key findings

  • The cost of living in Schenectady is 19% lower than the New York average
  • The cost of living in Schenectady is 4% lower than the national average
  • Schenectady housing is 31% lower than the national average
  • New York general sales tax is 21% lower than the national average
  • New York state income tax is 62% higher than the national average

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Compare Schenectady, NY Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$61,661$5,138$1,439$1,850
      Renters$25,481$2,123$595$765
      To approximate the cost of living and the housing affordability in Schenectady, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Schenectady have a median income of $61,661. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,439 per month to avoid calamity and poverty. The renters in the city have an income of about $25,481, which would make their monthly maximum allowable rental costs $595.

      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%

      Goods & Services

      ItemSchenectadyNational avg.Difference
      Haircut $21.64$18.6216.2%
      Beauty Salon $45.78$39.0517.2%
      Toothpaste $2.41$2.342.8%
      Shampoo $1.06$1.060.3%
      Movie $14.09$10.6831.8%
      Bowling $17.00$14.6715.9%

      Groceries

      ItemSchenectadyNational avg.Difference
      Ground Beef $3.60$4.2214.6%
      Fried Chicken $1.56$1.3912.3%
      Milk $2.44$2.0519.2%
      Potatoes $3.46$3.295.1%
      Pizza $10.52$10.621.0%
      Beer $9.93$9.385.9%

      Health Care

      ItemSchenectadyNational avg.Difference
      Optometrist $142.69$108.5731.4%
      Doctor $102.25$116.1712.0%
      Dentist $110.33$99.1311.3%
      Ibuprofen $9.29$9.684.0%
      Lipitor $498.40$466.926.7%

      Housing

      ItemSchenectadyNational avg.Difference
      Home Price $112,900.00$184,700.0038.9%
      Avg. Mortgage Payment $1,452.96$1,197.4221.3%
      Apartment Rent $815.00$949.0014.1%

      Transportation

      ItemSchenectadyNational avg.Difference
      Gasoline $2.36$2.226.2%
      Tire Balancing $48.79$50.072.6%

      Utilities

      ItemSchenectadyNational avg.Difference
      All Electricity$163.41$167.672.5%
      Phone $188.21$175.647.2%
      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, NY18,06392-8%
      Green Island, NY2,61397-3%
      Scotia, NY7,73298-2%
      Rensselaer, NY9,43599-1%
      Watervliet, NY10,20799-1%
      Schenectady, NY65,55496-4%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Harlingen, TX65,63474-26%
      Homestead, FL65,6881000%
      Johnson City, TN65,41593-7%
      Bayonne, NJ65,77212323%
      Eagan, MN65,87411313%
      Schenectady, NY65,55496-4%
      Source: The Schenectady, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.