Cost of Living in Syracuse, NY

Population 146,211 · New York · Data vintage 2023

55
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Syracuse run well below national norms — a median of $45,845 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $125,000). At 7.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Cost Overview

Housing 41
Rent 76

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

About the Cost of Living in Syracuse

The median home value in Syracuse is $125,100 — 59% below the national median of $305,000. Median rent runs $998/month, 24% lower than the national median of $1,314/month. The median household income of $45,845/year is 39% lower than the US median of $74,580. The local unemployment rate is 7.5%, 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, Syracuse has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.

🏠 Housing

Median Home Value
$125,100
59% below avg
Zillow Home Value
$204,630
Zillow ZHVI
Median Rent
$998/mo
24% below avg
Zillow Rent
$1,601/mo
Zillow ZORI
Price-to-Rent Ratio
10.4x
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 41.3%
Renter-occupied 58.7%

💰 Estimated Monthly Budget

Rent median rent
$998
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,612/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
19.4 min
28% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.5%

Commute Mode

Drove alone
59.5%
Carpooled
9.4%
Public transit
6.5%
Walked
9.9%
Bicycle
0.9%
Work from home
10.5%

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
$45,845
39% below avg
Per Capita Income
$27,570
Unemployment Rate
7.5%
55% above avg
Poverty Rate
29.6%
Labor Force Participation
57.2%

🎓 Education

Bachelor's degree+ 17.2%
Graduate degree 13.3%

👥 Demographics

Median Age 31.9
Male median age 31.6
Female median age 32.3

🌤 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

66.7%
4-Year Graduation Rate
12.9:1
Student-teacher ratio
36
Public schools
22,449
Total enrollment

Frequently Asked Questions

What is the cost of living in Syracuse, NY?

Syracuse has a cost index of 55 (100 = national average). It is 45% below the national average.

What is average rent in Syracuse, NY?

The median gross rent in Syracuse is $998 per month based on 2023 Census data.

What is the average home price in Syracuse?

The median home value in Syracuse is $125,100 according to Zillow and Census data.

What is the median income in Syracuse?

The median household income in Syracuse is $45,845 per year (2023 ACS 5-year estimates).

What is the sales tax in Syracuse, NY?

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

Is Syracuse, NY affordable?

Yes, Syracuse is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.

What is the weather like in Syracuse?

Syracuse 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.

Syracuse at a Glance

Population
146,211
Median Income
$45,845
Home Value
$125,100
Median Rent
$998/mo
Unemployment
7.5%
Avg High Temp
57.6°F
Sales Tax
8.5%
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