Cost of Living in Syracuse, NY

Housing

The housing market plays a significant role in determining the cost of living in Syracuse, NY.

• Housing Index: 120.0 / 100
• Median Home Price is: $185000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1600 per month

In Syracuse, NY, the housing index stands at 120.0, indicating that housing costs are above the national average. The median home price of 185000 suggests a competitive market, while average rents for a 2-bedroom apartment at 1800 and a 2-bedroom house at 1600 are substantial. This combination may indicate challenges for those seeking affordable housing. Prospective movers should weigh these costs against local salaries and amenities, alongside the overall market trends, ensuring a well-informed decision regarding their relocation.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Syracuse, NY.

• Electricity Price: 26.08 USD (median by state)
• Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Syracuse, NY could entail higher utility costs. Electricity costs sit at 26.08, while natural gas is priced at 18.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 112.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $43584

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Syracuse, NY, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.