Cost of Living in Schenectady, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.7
100 = national avg
+1.7 vs national average
Living Wage (1 Adult)
$44,768
per year
Living Wage (Family of 4)
$105,816
per year
Cost Index by Category
Housing121.3
Food93.1
Transportation86.2
Healthcare94.5
Utilities100.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,417
per month
2 Bedroom
$1,702
per month
The overall cost of living index in Schenectady is 101.7, which is 1.7% above the national average. Housing costs are above the national average at an index of 121.3. A single adult needs to earn approximately $44,768 per year to cover basic expenses.