The 10 Cheapest Syracuse, NY Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Syracuse are the cheapest of the cheap.

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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.

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:

The 10 Cheapest Neighborhoods To Live In Syracuse For 2022

Overall SnackAbility

5
/10

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

Overall SnackAbility

3
/10

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

Overall SnackAbility

6
/10

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

Overall SnackAbility

7
/10

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

Overall SnackAbility

4
/10

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

Overall SnackAbility

6
/10

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

Overall SnackAbility

9.5
/10

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

Overall SnackAbility

7
/10

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

Strathmore Syracuse, NY

Overall SnackAbility

8
/10

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

Overall SnackAbility

8.5
/10

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:

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

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Syracuse.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.