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This question is about Schenectady, NY.
What is a good salary in Schenectady, NY?
A good salary in Schenectady, NY is anything over $55,000. That's because the median income in Schenectady is $55,000, which means if you earn more than that you're earning more than 50% of the people living in Schenectady. The average salary in Schenectady is $62,724.
A good hourly wage in Schenectady is $26.44 per hour. That works out to a good weekly wage of $1,057 per week and a good monthly wage of $4,583 per month. However, using the median income is only one way to calculate a good salary in Schenectady.
Another way to calculate a good salary in Schenectady is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $108,700, a good salary in Schenectady would be $21,740.
Lastly, we can determine a good salary in Schenectady by looking at the cost of living and comparing it to the US average salary. The cost of living in Schenectady is 4% lower than than the national average. The national average salary is $56,310, so a good salary in Schenectady is anything over $54,057 by this measure.
Average Annual Salary in Schenectady, NY
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $30,000 | $2,500 | $576 | $14.42 |
| 25th | $40,000 | $3,333 | $769 | $19.23 |
| Median | $55,000 | $4,583 | $1,057 | $26.44 |
| 75th | $77,000 | $6,416 | $1,480 | $37.02 |
| 90th | $103,000 | $8,583 | $1,980 | $49.52 |
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