Onondaga County · New York · Northeast · 146k residents
Syracuse, NY: economy, jobs & business costs
The site-selection read on Syracuse: 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 $1,409/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Syracuse side by side
Avg. weekly wage
$1,409/wk
Corporate income tax
7.25%
Bachelor's degree or higher
31.2%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Syracuse's economy is moving, ranked against the US cities we track.
94/100
Heating
Ranks Syracuse'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 | $138,400 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $868/mo |
| 2-bedroom rent | $1,066/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,409/wk |
| Bachelor's degree or higher | 31.2% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 27.6/1k |
| Wage: Software developer | $129,100 |
| Wage: Registered nurse | $86,960 |
| Wage: General manager | $108,140 |
| Wage: Customer service | $45,360 |
| Wage: Warehouse worker | $38,950 |
| Wage: Heavy truck driver | $61,330 |
| Wage: Electrician | $77,110 |
| Wage: Retail salesperson | $35,250 |
| Cost of living index | 89 |
| 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 | $47,819 |
| Unemployment rate | 4.3% |
| Population | 146k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 38/100 |
| Disaster risk | 91/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 82°F |
| January low | 17°F |
| Annual snowfall | 128 in |
| Home price YoY | +5.4% |
| Home price MoM | +0.8% |
| Rent YoY | +5.4% |
| Rent MoM | +1.1% |
| Employment (jobs) YoY | +2.0% |
| Building permits YoY | +300.0% |
| Ocean coast | 193 mi |
| Big lake | 34 mi |
| Mountains | 115 mi |
| Major airport | 5 mi |
| Ski resort | 67 mi |
Popular comparisons
Nearby
- Auburn, NY · 26k
- Cortland, NY · 17k
- Oswego, NY · 17k
- Rome, NY · 32k
- Ithaca, NY · 33k
Similar size
- Albany, NY · 100k
- Rochester, NY · 209k
- Yonkers, NY · 210k
- New Rochelle, NY · 83k
- Cheektowaga, NY · 76k
Real listings in Syracuse
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Syracuse 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 $1,409/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 Syracuse, NY?
- Syracuse indexes at 89 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,066/mo and a acs median home value of $138,400.
- How much does a house cost in Syracuse?
- The acs median home value in Syracuse is $138,400 (Census ACS estimate; individual listings vary).
- How much is rent in Syracuse?
- A two-bedroom in Syracuse rents for about $1,066/mo.