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Everything else equal, I think 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.
So 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 find out which neighborhoods in Syracuse are the cheapest.
The Cheapest Neighborhoods In Syracuse For 2022
What's the cheapest neighborhood to live in Syracuse for 2022? According to the most recent census data, Elmwood looks to be the cheaptest 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 in return 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.
Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
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
The 10 Cheapest Neighborhoods To Live In Syracuse For 2022
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Population: 1,881
Cost Of Living Index: 85 (4th cheapest)
Home Value To Income Ratio: 1.5 (3rd cheapest)
Rent To Income Ratio: 0.018 (6th cheapest)
More on Elmwood: Homes For Sale | Data
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Population: 600
Cost Of Living Index: 85 (4th cheapest)
Home Value To Income Ratio: 0.9 (2nd cheapest)
Rent To Income Ratio: 0.026 (16th cheapest)
More on Lakefront: Homes For Sale | Data
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Population: 4,521
Cost Of Living Index: 86 (8th cheapest)
Home Value To Income Ratio: 1.7 (4th cheapest)
Rent To Income Ratio: 0.021 (11th cheapest)
More on Outer Comstock: Homes For Sale | Data
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Population: 6,819
Cost Of Living Index: 89 (15th cheapest)
Home Value To Income Ratio: 1.9 (7th cheapest)
Rent To Income Ratio: 0.015 (4th cheapest)
More on Far West-Side: Homes For Sale | Data
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Population: 8,101
Cost Of Living Index: 77 (cheapest)
Home Value To Income Ratio: 0.3 (cheapest)
Rent To Income Ratio: 0.043 (25th cheapest)
More on University Hill: Homes For Sale | Data
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Population: 8,131
Cost Of Living Index: 89 (15th cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.019 (7th cheapest)
More on Northside: Homes For Sale | Data
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Population: 2,136
Cost Of Living Index: 96 (24th cheapest)
Home Value To Income Ratio: 1.8 (5th cheapest)
Rent To Income Ratio: 0.004 (cheapest)
More on Sedgewick: Homes For Sale | Data
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Population: 13,659
Cost Of Living Index: 89 (15th cheapest)
Home Value To Income Ratio: 2.1 (10th cheapest)
Rent To Income Ratio: 0.019 (8th cheapest)
More on Eastwood: Homes For Sale | Data
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Population: 6,358
Cost Of Living Index: 92 (20th cheapest)
Home Value To Income Ratio: 2.0 (8th cheapest)
Rent To Income Ratio: 0.016 (5th cheapest)
More on Strathmore: Homes For Sale | Data
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Population: 5,159
Cost Of Living Index: 95 (22nd cheapest)
Home Value To Income Ratio: 2.0 (9th cheapest)
Rent To Income Ratio: 0.007 (2nd cheapest)
More on Meadowbrook: Homes For Sale | Data
Methodology: How We Determined The Cheapest Syracuse Hoods In 2022
In order to rank the cheapest places to live in Syracuse, we had to determine what criteria defines "cheap".
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 26 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, Elmwood.
Read on below to learn more about what it's like to live in the cheapest places Syracuse. Or 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.
As we mentioned earlier, the neighborhoods in Syracuse aren't all cheap. Skytop-South Campus takes the title of the most expensive neighborhood to live in Syracuse.
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 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Elmwood | 85 |
| 2 | Lakefront | 85 |
| 3 | Outer Comstock | 86 |
| 4 | Far West-Side | 89 |
| 5 | University Hill | 77 |
| 6 | Northside | 89 |
| 7 | Sedgewick | 96 |
| 8 | Eastwood | 89 |
| 9 | Strathmore | 92 |
| 10 | Meadowbrook | 95 |
| 11 | Near Northeast | 85 |
| 12 | Skunk City | 86 |
| 13 | South Valley | 91 |
| 14 | Salt Springs | 90 |
| 15 | Westside | 86 |
| 16 | Brighton | 87 |
| 17 | Southwest | 81 |
| 18 | Washington Square | 88 |
| 19 | Near Westside | 86 |
| 20 | Lincoln Park | 90 |
| 21 | North Valley | 87 |
| 22 | Near Eastside | 85 |
| 23 | Downtown | 95 |
| 24 | University | 97 |
| 25 | Wescott | 93 |
| 26 | Skytop-South Campus | 101 |
