Income & Economy in Schenectady city, NY (12304)
Median Income
$67,688
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+951
Wealth inflow
Population
22,027
Unemployment
7.9%
4.2pp above US avg
IRS migration statistics show a net inflow of about 951 for ZIP 12304 (Schenectady city, NY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 12304 (2020–Present)
Since 2020, population grew 5.2%, median income rose 6.6% (inflation-adjusted), home values increased 10.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,688 |
| Unemployment | 7.9% |
| Establishments | 406 |
| Employees | 5,491 |