Cost of Living in Syracuse, NY
2024 data from the Bureau of Economic Analysis
Cost Index
95.7
4.3% below avg
Housing Index
80.7
Median Income
$70,096
Median Rent
$978/mo
Cost Breakdown
Overall95.7 (-4.3%)
Housing80.7 (-19.3%)
Goods99.7 (-0.3%)
Utilities133.4 (+33.4%)
Other Services97.8 (-2.2%)
National average = 100
Income & Housing
Median Household Income
$70,096/year
Median Home Value
$164,400
Median Monthly Rent
$978/mo
Per Capita Income
$38,215/year
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Frequently Asked Questions
Is Syracuse, NY expensive to live in?
Syracuse, NY has a cost of living index of 95.7, which is 4.3% below the national average.
How much does housing cost in Syracuse, NY?
Housing costs in Syracuse, NY are indexed at 80.7 compared to the national average of 100. The median monthly rent is $978.
What is the average income in Syracuse, NY?
The median household income in Syracuse, NY is $70,096 per year.
What is the average home price in Syracuse, NY?
The median home value in Syracuse, NY is $164,400.