Cost of Living and Housing in Schenectady, New York

Schenectady has about 68,847 residents. Median gross rent is $1,145 per month and median household income is $58,399.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,145/mo 31% below the dataset median

Median Home Value $168,800 55% below the dataset median

Median Household Income $58,399 30% below the dataset median

Owner-Occupied Homes 46% Share of occupied housing units

Rent-to-Income Baseline 24% Annual median rent ÷ household income

Home Value-to-Income 2.9x Median value ÷ household income

How Schenectady compares

Rent is 31% below the dataset median, while household income is 30% below the dataset median. Within New York, Schenectady ranks #17 from lowest to highest rent and #72 from highest to lowest household income among 87 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in New York

Frequently asked questions

What is the median rent in Schenectady?

Median gross rent is $1,145 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Schenectady?

The median value of owner-occupied homes is $168,800 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Schenectady is $58,399 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.