Direct Answer
Syracuse, NY has a CostOfCity index of 92, which is 8% below the national baseline. Average modeled rent is $1,039/month and the single-adult living cost estimate is $3,491/month.
How to Use This City Page
Cost of Living in Syracuse: The Full Picture
The cost of living in Syracuse isn't a single number — it's a profile. Housing runs below average. Services reflect a labor market where a balanced labor pool where you'll find competitive pricing if you compare options. And the climate — snow removal, ice dam prevention, and storm damage are annual line items that don't exist in sunnier markets — adds its own cost layer. This page gives you the full picture, one category at a time.
Syracuse has a college-town economy where university spending fuels a youthful, if seasonal, marketplace
The housing market features a housing market that mostly tracks national trends, with surprises in specific neighborhoods
Snow removal, ice dam prevention, and storm damage are annual line items that don't exist in sunnier markets.. The lifestyle here is characterized by Dense, walkable neighborhoods where you'll trade square footage for access to everything..
Good news for your wallet: Syracuse's cost index of 92 means you'll pay 8% less than the national average. That kind of savings compounds across every monthly expense.
💰 Purchasing Power in Syracuse
Purchasing power adjusted to national average baseline. In Syracuse, your dollar buys 9% more than the national average.
🔺 Where Syracuse Costs More
🔽 Where Syracuse Costs Less
💰 Salary Landscape
vs national average · higher = better
Monthly Living Expenses in Syracuse
What it actually costs to live in Syracuse each month — from tight budgets to comfortable lifestyles.
Estimates include housing, food, transportation, utilities, insurance, and discretionary spending. Based on Syracuse's cost index of 92 applied to national spending surveys.
🏘️ Neighborhood Cost Variation
Smart residents of Syracuse know that the metro-wide cost index of 92 masks real diversity. Areas near major employers, university districts, and gentrifying neighborhoods each have their own pricing dynamics. Even the 'expensive' parts of town are reasonable by national standards.
Syracuse vs U.S. Average Cost of Living
Category-by-category affordability grades — based on deviation from the national average.
🏠 Home Services in Syracuse
What contractors charge for the most common repairs, installations, and remodels
Roof Replacement
-3%HVAC Installation
-10%Plumbing Services
-3%Electrical Work
-5%Kitchen Remodel
+3%Bathroom Remodel
-16%House Painting
-11%Flooring Installation
-10%Landscaping
-19%Fence Installation
-16%Window Replacement
-7%Solar Panel Installation
-5%Water Heater Replacement
+16%Deck Building
-22%Pool Installation
-19%Tree Removal
-7%Garage Door Repair
-8%💼 Business Startup Costs in Syracuse
Full startup cost breakdowns — from lease deposits to working capital
Start a Restaurant
-31%Start a Coffee Shop
0%Start a Food Truck
-22%Start a Gym
-19%Start a Daycare
+11%Start a Hair Salon
-7%Start a Laundromat
+19%Start a Bakery
+3%Start a Bar
-22%Start a Cleaning Business
-5%Start an Airbnb
-4%Start a Trucking Business
-2%📊 Cost of Living in Syracuse
Monthly expenses for housing, food, transportation, and everyday necessities
Cost of Living
-13%Rent Prices
-26%Grocery Costs
+10%Utility Costs
-20%Transportation Costs
+13%Childcare Costs
+6%Gym Membership
0%🛡️ Insurance in Syracuse
Annual and monthly premium estimates for major insurance categories
Car Insurance
+9%Home Insurance
-3%Health Insurance
+3%Business Insurance
-19%Life Insurance
+20%Renters Insurance
+4%Pet Insurance
+11%Dental Insurance
-3%Motorcycle Insurance
+2%⚖️ Legal Services in Syracuse
Attorney fees, court costs, and total legal service expenses
Personal Injury Lawyer
+17%Divorce Lawyer
+4%DUI Lawyer
+4%Immigration Lawyer
-13%Estate Planning Lawyer
+13%Workers Comp Lawyer
+27%Bankruptcy Lawyer
+13%💰 Salaries & Jobs in Syracuse
Annual compensation by experience level, role, and specialization
Software Developer Salary
-26%Registered Nurse Salary
+10%Teacher Salary
+4%Electrician Salary
+8%Plumber Salary
-1%Accountant Salary
-1%Physical Therapist Salary
+2%Police Officer Salary
-9%Dentist Salary
-26%Real Estate Agent Salary
-3%How Much Income Do You Need in Syracuse?
✅ Best For
- Young professionals starting out
- Families seeking work-life balance
- Small business founders
- First-time homebuyers
⚠️ Not Ideal For
- Those seeking big-city nightlife
- Workers in niche industries with few local employers
Talk to current residents about hidden costs. The sticker savings are real — just factor in any commute or lifestyle adjustments. Local subreddits and Facebook groups are goldmines for this intel.
CostOfCity Value Index
The CostOfCity Value Index combines cost-of-living data with median income, savings potential, and cost growth trends to produce a single score. Higher = better value for your money. Updated quarterly.
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Frequently Asked Questions About Syracuse
Is Syracuse a good place to start a business?
Syracuse's business environment is shaped by NY's regulatory framework and local commercial real estate costs. Below-average operating costs give businesses more runway to reach profitability. Check our business startup cost data for specific figures.
How does Syracuse compare to other cities in NY?
Within New York, Syracuse has a cost index of 92. Nearby options include Ithaca and Rochester, which offer useful comparison points.
What are the most expensive cost categories in Syracuse?
Like most US cities, housing is the single largest expense in Syracuse, typically accounting for 30-40% of household budgets. Insurance and home services tend to be the next most variable categories, influenced by northeastern climate conditions and state regulations.
Explore Syracuse in Depth
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