Income & Economy in Schenectady city, NY (12307)
Median Income
$33,191
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+345
Wealth inflow
Population
7,977
Unemployment
15.3%
11.6pp above US avg
IRS migration statistics show a net inflow of about 345 for ZIP 12307 (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 12307 (2020–Present)
Since 2020, population grew 10.5%, median income fell 8.4% (inflation-adjusted), home values decreased 5.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $33,191 |
| Unemployment | 15.3% |
| Establishments | 105 |
| Employees | 1,016 |