Income & Economy in Schenectady city, NY (12308)
Median Income
$59,789
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+604
Wealth inflow
Population
13,985
Unemployment
5.6%
1.9pp above US avg
IRS migration statistics show a net inflow of about 604 for ZIP 12308 (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 12308 (2020–Present)
Since 2020, population declined 0.4%, median income rose 2.5% (inflation-adjusted), home values increased 18.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $59,789 |
| Unemployment | 5.6% |
| Establishments | 206 |
| Employees | 6,320 |