Schenectady is a city in New York state in USA with a population of 65336 residents.. The poverty rate of Schenectady is 20.1%, which is 44% higher than national average. The typical household in Schenectady earns $47773 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 13 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 52.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Schenectady, only 84% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Schenectady remained 9.5%, which is 102% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Schenectady, only 21% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Schenectady is 97, which is 3% lower than national average. Median home value in Schenectady is $113200 , which is 51% lower than national average. While median income in Schenectady remained $47773, which is 29% lower than national average.