If you’re considering moving to Syracuse, New York, you’ve most likely read more about the city’s harsh winters. Despite the fact that the region gets more than its good share of snow, Syracuse has established a reputation as a welcoming and inexpensive metro area with plenty to offer residents, seniors, and working people.
Syracuse provides activities for people of all ages and interests, in addition to a vibrant social and culinary scene. For nature lovers, distance to the Adirondack and Finger Lakes areas, for example, offers perfect options. If you’re sports, music, or festival fan – or an event junkie – the Carrier Dome, world-class concerts, and a plethora of regional festivals provide year-round fun.
Also, Read: Why Are People Leaving New York City?
However, for many locals, comfort is the most enticing part of living in Syracuse. You’ll never be more than 20 minutes from the action, thanks to nearby desirable suburbs like Fayetteville, Manlius, and Baldwinsville. Syracuse is centrally located in the state, so destinations such as New York City, Rochester, Buffalo, and Toronto are all within a few hours’ drive.
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The Syracuse metropolitan area has a population of over 650,000 people and is home to Syracuse University. Like several other Northeast towns, “The Cuse” is increasingly emerging from its blue-collar origins to become a desirable place for students and young professionals in the healthcare, education, and aerospace industries.
Pros:
Convenience
Cost of Living
Sports, Festivals, and outdoor activities
Affordable housing
Active social and culinary scene
Cons
Lack of big-city amenities
Winter weather
average job climate
higher state and property taxes
limited public transportation
In the greater Syracuse metro area, the standard of living for a family of four is $96,173. Housing, food, transportation, and healthcare costs are all lower than the national average, while transportation costs are slightly higher. The total cost of living in Syracuse is 82.5, which is slightly lower than the national average of 100.
Syracuse’s average household income is $32,704, which is slightly lower than Onondaga County’s median household income of $54,498 and the national median income of $61,359 The unemployment rate in Syracuse is currently 5.3%, which is significantly higher than the national. Even so, both private sector companies and the population of the region are growing — according to the US Census Bureau, Syracuse was the only big city in New York to see population growth from 2020 to 2022.
Syracuse’s top sectors are healthcare, education, and retail. Utilities, public administration and professional services, and scientific and technological services are the top sectors. Syracuse is now one of the state’s most significant innovation hubs, as it is home to some of New York’s fastest-growing technology firms.
Upstate University Health System, Syracuse University, St. Joseph’s Hospital Health Center, Wegmans, and Lockheed Martin are all large industries in the Syracuse metro region. Since Syracuse is such a small city, job applicants often rely on recommendations or their professional networks to find jobs.
It’s hard to ignore the truth that New York is a high-tax territory. As per the Tax Foundation, New York people paid more federal and local income taxes per capita than people in any other state.
Income Tax
The tax rate for an individual in the New York state is at 8.82%
Property Tax:
Onondaga County’s overall property tax rate is 2.747 percent. This rate is much more than twice the national average of 1.211 percent for property taxes. The average household in Onondaga County pays $3,882 in property taxes per year, based on a median home price of $141,300.
Sales Tax:
In Syracuse, the overall sales tax rate is 8%. The state of New York has a 4% sales tax, and Onondaga County has a 4% sales tax, for a total of 8% sales tax in Syracuse.
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Residents and tourists to Syracuse will take advantage of a wide range of activities. Syracuse, deep in the center of central New York, is near to the Finger Lakes region’s wineries and breweries, as well as camping, hiking, and other outdoor activities. Citizens of Syracuse experience an active food scene as well as NCAA sporting activities showcasing the Syracuse Orange.
City, County, and State Parks
Attractions