Living here
Cost of living in Syracuse
Housing is cheaper than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$998/mo
26% below US
Median home value
$125,100
59% below US
Median household income
$45,845
42% below US
Rent as share of income
26%
US 21%
Home price to income
2.7×
US 3.9×
Sales tax
8%
Rent by number of bedrooms
HUD 2027 fair market rents for Syracuse, NY MSA (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Syracuse compares
- Syracuse$998
- New York$1,576
- United States$1,348
- Rochester$1,039
- Albany$1,178
- Niagara Falls$784
- White Plains$2,151
- Yonkers$1,730
- North Hempstead$2,276
- Staten Island$1,689
- Huntington$2,347
- Syracuse$125,100
- New York$403,000
- United States$303,400
- Rochester$120,600
- Albany$223,000
- Niagara Falls$104,400
- White Plains$624,100
- Yonkers$478,000
- North Hempstead$870,500
- Staten Island$658,500
- Huntington$733,000
Taxes
Compare with nearby cities
Life in Syracuse
Questions
Is Syracuse expensive to live in?
Housing in Syracuse is cheaper than the national average: median rent is $998 (26% below US) and the median home value is $125,100 (59% below US).
How much is rent in Syracuse?
The median gross rent is $998 a month. HUD’s 2027 fair market rents for the area are studio $1,050, 1 bedroom $1,196, 2 bedrooms $1,493, 3 bedrooms $1,808, 4 bedrooms $1,962.
How much of their income do renters spend in Syracuse?
At the median, a year’s rent ($11,976) equals about 26% of the median household income ($45,845); nationally it’s about 21%.
What are taxes like in Syracuse?
Sales tax is 8% and property taxes run about 2.50% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; NYS Dept. of Taxation and Finance, Publication 718 (2/25), Sales and Use Tax Rates by Jurisdiction, effective March 1, 2025.