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Living In Rensselaer, NY
Rensselaer, New York is a small town with a population of approximately 9,000. Young professionals account for a larger portion of the population here (21%) than nationally (15%), making it a great place to set out on your own. Overall, the town's residents, with an average age of just under 38, are younger than most cities in New York. The majority of residents rent in Rensselaer, and 39% of residents are homeowners, driven in part by a relatively affordable average rent that is $258 a month lower than the state average. Over the course of a year, renters in Rensselaer will save around $3,100 compared to the state average.
With an average commute time of about 23 minutes, shorter than most cities in the state, Rensselaer residents know that it isn't overly time-consuming to travel to work. Many residents (43%) drive to work, while public transportation is not used extensively. Few workers commute on foot.
Compared to the national average (5%), Rensselaer has a large concentration of residents over the age of 25 who have an Associate's degree (8%). Additionally, 10% have a Bachelor's degree and 7% have earned a Master's degree or Doctorate. There are two primary industries in Rensselaer: healthcare and retail. Together, these industries account for 15% of the town's labor force. Meanwhile, looking at job function, many of the town's workers are in sales, as 7% of the town's population reports this as their field of work, the highest number of any career path. With an average annual income of around $64,000, Rensselaer workers earn less than their peers elsewhere in New York. The town's average income also trails the national average of $73,345.
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