MyNeighborhood

Can you afford to live in SYRACUSE?

Median household income, home values and rent in SYRACUSE, NY — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in SYRACUSE.

Median household income: $45,845 — +43.8% since 2015 (not adjusted for inflation)

Median gross rent: $998/mo — +36.7% since 2015

Median home value, 2015 to 2023

  • 2015: 88800
  • 2023: 125100

Median household income

  • SYRACUSE: 45845
  • Onondaga County: 74740
  • NY: 84578
  • U.S.: 78538

Median gross rent

  • SYRACUSE: 998
  • Onondaga County: 1067
  • NY: 1576
  • U.S.: 1348

Share of income a typical renter spends on rent: 33.9% — U.S.: 30.2%

What it means

The typical household here earns $45,845 — far lower than the national figure of $78,538.

The typical renter here spends 33.9% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+43.8% versus +36.7%), before adjusting for inflation.

Sources

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