Cost of Living,
Ithaca's Real Estate Market
Ithaca Metro Area
Profile: College town Location: Central upstate New York, 60 miles southwest of Syracuse Elevation: 836 Time zone: Eastern Standard Time
|Attractive downtown||Clouds and rain|
|College-town amenities||Harsh winters|
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Ithaca is most noted as home to Ivy League Cornell University. As might be expected, the town is attractive and progressive, activities are plentiful, and educational attainment is high. The location, at the south end of the Finger Lakes region, affords access to nearby outdoor recreation, interesting landscapes, and a number of wineries. The economy is growing, bolstered by the university and the many small new-economy businesses it attracts.
Downtown is clean and prosperous, although a recent shift towards large retailers on the outskirts has some locals concerned. Cost of living is reasonable for the region. Larger cities, such as Syracuse, can be hard to get to in bad weather, but Ithaca has good air service for its size. Ithaca loses points for climate, a soft job growth picture, and cost of living, but for those who can navigate the climate and economic challenges it is a solid choice.
Ithaca sits at the southern tip of Cayuga Lake in a hilly area of central New York. The city itself is located on a flat to moderately rising shoreline area, growing into the dense deciduous-wooded surrounding hills. The Lake Ontario-influenced, humid continental climate produces frequent precipitation- almost 1 day in 2 on average year-round.
Summers are warm but seldom oppressive, with typically cool evenings when breezes come off the lake. Winters are cold, long and dreary, with only a few sub-zero readings each year. Snowfall is moderate but may become heavy at times, and snow cover persists most of the winter, especially in the hills. Valley effects may bring rain in Ithaca when it is snowing in the hills and outlying areas. Clouds and valley fogs are common. First freeze is in early October; last is in early May.
Interesting Facts about Ithaca, New York
As of 2014, Ithaca's population is 30,016 people. Since 2000, it has had a population growth of 0.80 percent.--------------------
The median home cost in Ithaca is $223,200. Home appreciation the last year has been -2.80 percent.--------------------
Compared to the rest of the country, Ithaca's cost of living is 13.40% Higher than the U.S. average.--------------------
Ithaca public schools spend $21,454 per student. The average school expenditure in the U.S. is $12,435. There are about 12.7 students per teacher in Ithaca.--------------------
The unemployment rate in Ithaca is 3.40 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Ithaca jobs have Decreased by 1.52 percent.
Ranked #1 Most Secure Places to Live 2011 (Small Towns)
Ranked #1 Emerging Metropolitan Areas
Ranked #2 Best Green Cities
Ranked #3 Most Secure Places to Live in the U.S. (Small Towns)
Ranked #22 Most Competitive Private Colleges
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Average Commute time is 15 minutes. The National Average is 25 minutes.--------------------
Ithaca's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes