Syracuse, NY Cost Of Living
Cost Of Living In Syracuse, NY Summary
Cost of living in Syracuse research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Syracuse is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Syracuse is 86, with 100 being the average.
The cost of living index in Syracuse is 0.9x lower than the national average.
Syracuse ranks as the #15 cheapest in New York out of 340.
Syracuse ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Syracuse is $99,200.
The median income in Syracuse is $40,490.
Table Of Contents
Syracuse's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Syracuse, NY?
According to the most recent data on the cost of living, Syracuse has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to New York, Syracuse has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Syracuse ranks as #15 most affordable out of the 340 places we measured in New York. By definition, that implies Syracuse ranks as the #325 most expensive place in the Empire State.
For more reading on life in Syracuse, check out:
- Living In Syracuse
- Syracuse Crime Report
- Search Homes For Sale In Syracuse, NY
In New York
In America
Syracuse Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Syracuse. Here is how it fairs on each of the criteria:
The Services index in Syracuse is 102.
The Groceries index in Syracuse is 101.
The Health index in Syracuse is 98.
The Housing index in Syracuse is 58.
The Transportation index in Syracuse is 94.
The Utilities index in Syracuse is 101.
| Living Expense | Syracuse | New York | National Average | |
|---|---|---|---|---|
| Overall | 86 | 126 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 98 | 105 | 100 | |
| Housing | 58 | 175 | 100 | |
| Transportation | 94 | 107 | 100 | |
| Utilities | 101 | 102 | 100 | |
Syracuse, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Syracuse is $99,200.
The Median Rent in Syracuse is $861.
The Median Income in Syracuse is $40,490.
The Home Value To Income in Syracuse is 2.4x.
The Rent To Monthly Income in Syracuse is 0.26x.
| Statistic | Syracuse | New York | United States |
|---|---|---|---|
| Median Home Value | $99,200 | $340,600 | $244,900 |
| Median Rent | $861 | $1,390 | $1,163 |
| Median Income | $40,490 | $75,157 | $69,021 |
| Home Value To Income | 2.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Syracuse, NY Costs By Category
Detailed Syracuse Services Costs Vs. New York
Detailed Syracuse Groceries Costs Vs. New York
Detailed Syracuse Health Costs Vs. New York
Detailed Syracuse Transportation Costs Vs. New York
Detailed Syracuse Utilities Costs Vs. New York
Syracuse SnackAbility
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Cost Of Living In Cities Around Syracuse
The cost of living varies in the cities and towns around Syracuse. Here's a quick look at the cost of living in the most populous nearby places:
Fairmount, NY has a cost of living index of 93, 1.1x Syracuse.
Baldwinsville, NY has a cost of living index of 93, 1.1x Syracuse.
North Syracuse, NY has a cost of living index of 92, 1.1x Syracuse.
| City | Population | Cost Of Living | Vs. Syracuse |
|---|---|---|---|
| Fairmount, NY | 10,292 | 93 | 1.1x |
| Baldwinsville, NY | 7,739 | 93 | 1.1x |
| North Syracuse, NY | 6,796 | 92 | 1.1x |
| Solvay, NY | 6,661 | 90 | 1.0x |
| Mattydale, NY | 6,250 | 91 | 1.1x |
