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: $185,000
- 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 Syracuse is a financially viable option for your relocation.