Income & Economy in Schenectady city, NY (12305)
Median Income
$50,308
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+335
Wealth inflow
Population
7,764
Unemployment
6.9%
3.2pp above US avg
IRS migration statistics show a net inflow of about 335 for ZIP 12305 (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 12305 (2020–Present)
Since 2020, population grew 24.3%, median income rose 16.6% (inflation-adjusted), home values increased 21.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $50,308 |
| Unemployment | 6.9% |
| Establishments | 369 |
| Employees | 6,801 |