Tompkins County · New York · Northeast · 33k residents
Ithaca, NY: economy, jobs & business costs
The site-selection read on Ithaca: labor costs, talent, corporate tax, energy, and business activity, with the New York median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,387/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Ithaca side by side
Avg. weekly wage
$1,387/wk
Corporate income tax
7.25%
Bachelor's degree or higher
67.7%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Ithaca's economy is moving, ranked against the US cities we track.
48/100
Steady
Ranks Ithaca's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $342,700 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $1,302/mo |
| 2-bedroom rent | $1,717/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,387/wk |
| Bachelor's degree or higher | 67.7% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 26.1/1k |
| Wage: Software developer | $122,730 |
| Wage: Registered nurse | $100,320 |
| Wage: General manager | $103,220 |
| Wage: Customer service | $45,390 |
| Wage: Warehouse worker | $38,810 |
| Wage: Heavy truck driver | $56,130 |
| Wage: Electrician | $70,720 |
| Wage: Retail salesperson | $35,510 |
| Cost of living index | 110 |
| Groceries index | 108 |
| Utilities | $190/mo |
| Transit pass | $127/mo |
| Gas price | $3.50/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,400/mo |
| Median household income | $48,784 |
| Unemployment rate | 4.3% |
| Population | 33k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 74/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 80°F |
| January low | 15°F |
| Annual snowfall | 63 in |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | +2.8% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | -0.7% |
| Building permits YoY | +76.9% |
| Ocean coast | 181 mi |
| Big lake | 71 mi |
| Mountains | 112 mi |
| Major airport | 50 mi |
| Ski resort | 52 mi |
Popular comparisons
Nearby
- Cortland, NY · 17k
- Elmira, NY · 26k
- Auburn, NY · 26k
- Binghamton, NY · 47k
- Syracuse, NY · 146k
Similar size
- Huntington Station, NY · 33k
- Uniondale, NY · 33k
- Spring Valley, NY · 33k
- Poughkeepsie, NY · 32k
- Centereach, NY · 32k
Real listings in Ithaca
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Ithaca a good place to run a business?
- New York's corporate income tax rate is 7.25%; average weekly wages in the surrounding labor market run $1,387/wk; commercial electricity averages 18.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Ithaca, NY?
- Ithaca indexes at 110 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,717/mo and a acs median home value of $342,700.
- How much does a house cost in Ithaca?
- The acs median home value in Ithaca is $342,700 (Census ACS estimate; individual listings vary).
- How much is rent in Ithaca?
- A two-bedroom in Ithaca rents for about $1,717/mo.