Cost of Living in Solvay, NY

Population 6,590 · New York · Data vintage 2023

54
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Solvay a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $141,000.

Solvay is part of the immediate Syracuse metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 12% higher than Syracuse's $125,000.

Cost Overview

Housing 46
Rent 67

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Solvay

The median home value in Solvay is $140,600 — 54% below the national median of $305,000. Median rent runs $875/month, 33% lower than the national median of $1,314/month. The median household income of $58,944/year is 21% lower than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 57.6°F and lows of 39.4°F, with about 127.8" of annual snowfall. Overall, Solvay has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$140,600
54% below avg
Median Rent
$875/mo
33% below avg
Price-to-Rent Ratio
13.4x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$965
1 BR
$1,051
2 BR
$1,302
3 BR
$1,619
4 BR
$1,813
Owner-occupied 49.0%
Renter-occupied 51.0%

💰 Estimated Monthly Budget

Rent median rent
$875
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,489/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.2 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.3%

Commute Mode

Drove alone
70.5%
Carpooled
14.1%
Public transit
4.8%
Walked
2.0%
Work from home
4.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.9%
Total Sales Tax 8.5%
State rate 4.0%
Avg local rate 4.5%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$58,944
21% below avg
Per Capita Income
$35,860
Unemployment Rate
5.7%
19% above avg
Poverty Rate
10.3%
Labor Force Participation
63.8%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 11.2%

👥 Demographics

Median Age 39.4
Male median age 40.1
Female median age 39

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.6°F
Avg Low
39.4°F
Annual Precip
39.9"
Annual Snowfall
127.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323442566977828073604837
Low °F 171825364757626053423324
Precip" 2.582.463.043.483.423.563.863.703.383.893.233.28
Snow" 34.030.319.83.00.10.00.00.00.00.29.830.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
75.6%
Good air days/yr
258
Max AQI recorded
177
PM2.5 days
184
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
11.3:1
Student-teacher ratio
3
Public schools
1,487
Total enrollment

Frequently Asked Questions

What is the cost of living in Solvay, NY?

Solvay has a cost index of 54 (100 = national average). It is 46% below the national average.

What is average rent in Solvay, NY?

The median gross rent in Solvay is $875 per month based on 2023 Census data.

What is the average home price in Solvay?

The median home value in Solvay is $140,600 according to 2023 Census ACS data.

What is the median income in Solvay?

The median household income in Solvay is $58,944 per year (2023 ACS 5-year estimates).

What is the sales tax in Solvay, NY?

The combined state and local sales tax rate in Solvay is 8.5%. The New York state income tax top rate is 10.9%.

Is Solvay, NY affordable?

Yes, Solvay is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.

What is the weather like in Solvay?

Solvay has average high temperatures of 57.6°F and average lows of 39.4°F. Annual precipitation is 39.9". Average annual snowfall is 127.8". Data from NOAA 1991–2020 Climate Normals.

Solvay at a Glance

Population
6,590
Median Income
$58,944
Home Value
$140,600
Median Rent
$875/mo
Unemployment
5.7%
Avg High Temp
57.6°F
Sales Tax
8.5%
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