Cost of Living Comparison for Syracuse, NY
Updated 2026 · Local data pre-filled
Syracuse's cost of living index is 86 — 14% cheaper than the national average. This factors in housing, groceries, utilities, transportation, and healthcare. Use this calculator to see how your purchasing power would change if you moved to another city.
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How Syracuse Compares to the National Average
Understanding how Syracuse stacks up helps you calibrate your financial planning.
| Metric | Syracuse, NY | US Average | Difference |
|---|---|---|---|
| Median Home Price | $175,000 | $420,800 | -58.4% |
| Median Monthly Rent | $1,050 | $1,713 | -38.7% |
| Median Household Income | $52,200 | $74,580 | -30.0% |
| Property Tax Rate | 2.40% | 1.10% | +118.2% |
| Cost of Living Index | 86 | 100 | -14.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Syracuse Financial Snapshot
- Population (Metro)
- 660,000
- Unemployment
- 4.6%
- Avg Commute
- 22 min
- Median Age
- 35.8
- Price-to-Rent Ratio
- 13.9x
- Annual Property Tax
- $4,200
Cost of Living Comparison in Other New York Cities
Frequently Asked Questions — Syracuse
What is the median home price in Syracuse, NY?
The median home price in Syracuse is $175,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Syracuse?
Median monthly rent in Syracuse is $1,050. That works out to $12,600/year, or 24% of the median household income — within the commonly recommended 30% of income guideline.
Is Syracuse affordable?
Syracuse's cost of living index is 86 vs. the national average of 100. With a median household income of $52,200/year and a median home price of $175,000, the price-to-income ratio is 3.4x. Syracuse remains relatively affordable compared to many US metros.
What is the property tax rate in Syracuse?
The effective property tax rate in Syracuse is 2.40% of assessed value. On the median home of $175,000, that's roughly $4,200/year ($350/month).