Syracuse, NY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Syracuse, NY Summary

Cost of living in 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 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 Syracuse is 86, with 100 being the average.

  • The cost of living index in Syracuse is 0.9x lower than the national average.

  • Syracuse ranks as the #15 cheapest in New York out of 340.

  • Syracuse ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Syracuse is $99,200.

  • The median income in Syracuse is $40,490.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Syracuse's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Syracuse, NY?

According to the most recent data on the cost of living, Syracuse has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to New York, Syracuse has a cost of living index that's 0.7x lower than New York's index of 126.

The standard of living in Syracuse ranks as #15 most affordable out of the 340 places we measured in New York. By definition, that implies Syracuse ranks as the #325 most expensive place in the Empire State.

For more reading on life in Syracuse, check out:

15 out of 340
In New York
938 out of 6,412
In America

Syracuse Cost Of Living Vs. New York

Six factors go into calculating the cost of living index in Syracuse. Here is how it fairs on each of the criteria:

  • The Services index in Syracuse is 102.

  • The Groceries index in Syracuse is 101.

  • The Health index in Syracuse is 98.

  • The Housing index in Syracuse is 58.

  • The Transportation index in Syracuse is 94.

  • The Utilities index in Syracuse is 101.

Living Expense Syracuse New York National Average
Overall 86 126 100
Services 102 110 100
Groceries 101 104 100
Health 98 105 100
Housing 58 175 100
Transportation 94 107 100
Utilities 101 102 100
For more reading on cost of living around New York, check out:
Syracuse Cost of Living Vs. NY

Syracuse, NY Housing Cost Breakdown

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 Syracuse is $99,200.

  • The Median Rent in Syracuse is $861.

  • The Median Income in Syracuse is $40,490.

  • The Home Value To Income in Syracuse is 2.4x.

  • The Rent To Monthly Income in Syracuse is 0.26x.

Statistic Syracuse New York United States
Median Home Value $99,200 $340,600 $244,900
Median Rent $861 $1,390 $1,163
Median Income $40,490 $75,157 $69,021
Home Value To Income 2.4x 4.5x 3.5x
Rent To Monthly Income 0.26x 0.22x 0.2x
Search Homes For Sale In Syracuse, NY
$99,200
Median Home Value
$861
Median Rent
$40,490
Median Income

Syracuse, NY Costs By Category

Detailed Syracuse Services Costs Vs. New York

Item Syracuse New York
Shampoo $0.94 $1.06
Movie $11.78 $10.68
Bowling $14.88 $14.67
Haircut $17.74 $18.62
Beauty Salon $35.79 $39.05

Detailed Syracuse Groceries Costs Vs. New York

Item Syracuse New York
Ground Beef $4.21 $4.22
Fried Chicken $2.08 $1.39
Milk $1.92 $2.05
Potatoes $3.89 $3.29
Pizza $11.07 $10.62
Beer $9.85 $9.38
Toothpaste $1.64 $2.34

Detailed Syracuse Health Costs Vs. New York

Item Syracuse New York
Optometrist $111.19 $108.57
Doctor $101.1 $116.17
Dentist $100.77 $99.13

Detailed Syracuse Transportation Costs Vs. New York

Item Syracuse New York
Gasoline $2.69 $2.22
Tire Balancing $42.25 $50.07

Detailed Syracuse Utilities Costs Vs. New York

Item Syracuse New York
All Electricity $166.7 $167.67
Phone $185.38 $175.64

Syracuse SnackAbility

4
/10
Overall SnackAbility
Jobs
4/10
Housing
6
Affordability
6
Diversity
10
Safety
4
Amenities
10
Education
7
Commute
9

Cost Of Living In Cities Around Syracuse

The cost of living varies in the cities and towns around Syracuse. Here's a quick look at the cost of living in the most populous nearby places:

  • Fairmount, NY has a cost of living index of 93, 1.1x Syracuse.

  • Baldwinsville, NY has a cost of living index of 93, 1.1x Syracuse.

  • North Syracuse, NY has a cost of living index of 92, 1.1x Syracuse.

City Population Cost Of Living Vs. Syracuse
Fairmount, NY 10,292 93 1.1x
Baldwinsville, NY 7,739 93 1.1x
North Syracuse, NY 6,796 92 1.1x
Solvay, NY 6,661 90 1.0x
Mattydale, NY 6,250 91 1.1x

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