New York · Population 146,211 · Updated March 2026
How far your income goes in Syracuse
State-level tax rates that affect your costs
Syracuse is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), Syracuse residents can expect to pay median rent of $998/month while earning a median household income of $45,845/year.
The median home value in Syracuse, NY is $125,100, with typical monthly owner costs around $980 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.1%, Syracuse falls within the generally affordable range, though it's approaching the 30% burden threshold.
New York's top income tax rate of 10.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 4.0% sales tax rate and 1.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Syracuse.
Common questions about living costs in Syracuse
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