Cost of living in North 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 North 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 North Syracuse is 92, with 100 being the average.
The cost of living index in North Syracuse is 0.9x lower than the national average.
North Syracuse ranks as the #52 cheapest in New York out of 340.
North Syracuse ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in North Syracuse is $120,600.
The median income in North Syracuse is $61,738.
According to the most recent data on the cost of living, North Syracuse has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to New York, North Syracuse has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in North Syracuse ranks as #52 most affordable out of the 340 places we measured in New York. By definition, that implies North Syracuse ranks as the #288 most expensive place in the Empire State.
For more reading on life in North Syracuse, check out:
Six factors go into calculating the cost of living index in North Syracuse. Here is how it fairs on each of the criteria:
The Services index in North Syracuse is 104.
The Groceries index in North Syracuse is 100.
The Health index in North Syracuse is 99.
The Housing index in North Syracuse is 66.
The Transportation index in North Syracuse is 98.
The Utilities index in North Syracuse is 102.
|Living Expense||North Syracuse||New York||National Average|
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 North Syracuse is $120,600.
The Median Rent in North Syracuse is $876.
The Median Income in North Syracuse is $61,738.
The Home Value To Income in North Syracuse is 2.0x.
The Rent To Monthly Income in North Syracuse is 0.17x.
|Statistic||North Syracuse||New York||United States|
|Median Home Value||$120,600||$340,600||$244,900|
|Home Value To Income||2.0x||4.5x||3.5x|
|Rent To Monthly Income||0.17x||0.22x||0.2x|
The cost of living varies in the cities and towns around North Syracuse. Here's a quick look at the cost of living in the most populous nearby places:
Syracuse, NY has a cost of living index of 86, 0.9x North Syracuse.
Fulton, NY has a cost of living index of 88, 1.0x North Syracuse.
Fairmount, NY has a cost of living index of 93, 1.0x North Syracuse.