Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Syracuse might be more expensive than living in rural New York, there are certain neighborhoods that are definitely cheaper.
What exactly are those Syracuse neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Syracuse are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Syracuse for 2024? According to the most recent census data, Northside looks to be the cheapest Syracuse neighborhood to live in.
At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Syracuse. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Syracuse that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Syracuse.
For more New York reading, check out:
- Best Places To Live In New York
- Cheapest Places To Live In New York
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Syracuse For 2024
/10
Population: 9,055
Cost Of Living Index: 88 (14th cheapest)
Home Value To Income Ratio: 1.6 (3rd cheapest)
Rent To Income Ratio: 0.017 (5th cheapest)
More on Northside: Data | Real Estate
/10
Population: 6,277
Cost Of Living Index: 92 (19th cheapest)
Home Value To Income Ratio: 1.4 (cheapest)
Rent To Income Ratio: 0.014 (3rd cheapest)
More on Strathmore: Data | Real Estate
/10
Population: 1,719
Cost Of Living Index: 87 (12th cheapest)
Home Value To Income Ratio: 1.5 (2nd cheapest)
Rent To Income Ratio: 0.02 (9th cheapest)
More on Elmwood: Data | Real Estate
/10
Population: 5,954
Cost Of Living Index: 88 (14th cheapest)
Home Value To Income Ratio: 1.7 (5th cheapest)
Rent To Income Ratio: 0.015 (4th cheapest)
More on Far West-Side: Data | Real Estate
/10
Population: 2,012
Cost Of Living Index: 91 (18th cheapest)
Home Value To Income Ratio: 1.7 (4th cheapest)
Rent To Income Ratio: 0.009 (2nd cheapest)
More on Lincoln Park: Data | Real Estate
/10
Population: 913
Cost Of Living Index: 83 (2nd cheapest)
Home Value To Income Ratio: 2.8 (17th cheapest)
Rent To Income Ratio: 0.02 (8th cheapest)
More on Lakefront: Data | Real Estate
/10
Population: 5,355
Cost Of Living Index: 86 (10th cheapest)
Home Value To Income Ratio: 2.0 (8th cheapest)
Rent To Income Ratio: 0.021 (11th cheapest)
More on North Valley: Data | Real Estate
/10
Population: 9,327
Cost Of Living Index: 85 (6th cheapest)
Home Value To Income Ratio: 2.1 (10th cheapest)
Rent To Income Ratio: 0.022 (13th cheapest)
More on Near Northeast: Data | Real Estate
/10
Population: 2,136
Cost Of Living Index: 97 (22nd cheapest)
Home Value To Income Ratio: 1.8 (6th cheapest)
Rent To Income Ratio: 0.004 (cheapest)
More on Sedgewick: Data | Real Estate
/10
Population: 8,794
Cost Of Living Index: 85 (6th cheapest)
Home Value To Income Ratio: 1.9 (7th cheapest)
Rent To Income Ratio: 0.028 (19th cheapest)
More on Brighton: Data | Real Estate
Methodology: How We Determined The Cheapest Syracuse Hoods In 2024
To rank the cheapest places to live in Syracuse, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 23 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Syracuse.” We’re lookin’ at you, Northside.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Syracuse. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Syracuse
If you’re measuring the neighborhoods in Syracuse where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Syracuse are Northside, Strathmore, Elmwood, Far West-Side, Lincoln Park, Lakefront, North Valley, Near Northeast, Sedgewick, and Brighton.
As mentioned earlier, the neighborhoods in Syracuse aren’t all cheap. University takes the title of the most expensive neighborhood to live in Syracuse.
The most expensive neighborhoods in Syracuse are University, Wescott, South Valley, University Hill, and Salt Springs.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more New York reading, check out:
- Most Dangerous Places In New York
- Richest Cities In New York
- Safest Places In New York According To Science
- Worst Places To Live In New York State
Detailed List Of The Cheapest Neighborhoods To Live In Syracuse For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Northside | 88 |
| 2 | Strathmore | 92 |
| 3 | Elmwood | 87 |
| 4 | Far West-Side | 88 |
| 5 | Lincoln Park | 91 |
| 6 | Lakefront | 83 |
| 7 | North Valley | 86 |
| 8 | Near Northeast | 85 |
| 9 | Sedgewick | 97 |
| 10 | Brighton | 85 |
| 11 | Skunk City | 85 |
| 12 | Eastwood | 89 |
| 13 | Near Westside | 85 |
| 14 | Westside | 86 |
| 15 | Washington Square | 86 |
| 16 | Meadowbrook | 94 |
| 17 | Near Eastside | 86 |
| 18 | Southwest | 84 |
| 19 | Salt Springs | 88 |
| 20 | University Hill | 76 |
| 21 | South Valley | 91 |
| 22 | Wescott | 93 |
| 23 | University | 98 |