Cost of Living,
Syracuse's Real Estate Market
Syracuse Metro Area
Profile: Mid-sized city Location: North-central New York, 35 miles southeast of Lake Ontario’s eastern shore Elevation: 408 Time zone: Eastern Standard Time
|Nearby recreation ||Winter climate|
|College-town amenities ||Economy|
|Central location ||Entertainment|
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Syracuse is located along the old Erie Canal adjacent to the well-known Finger Lakes region. It is a commercial and transportation center at the crossroads of major north-south and east-west routes. Large industries once took advantage of the area’s clean water and strategic location, but the decline of the manufacturing base has hurt the area and it faces difficulties attracting jobs, and for that matter, new residents to town.
Syracuse University adds a college-town element and is the area’s largest employer. The rest of the employment base is spread among a number of smaller employers and increasingly service-oriented businesses, healthcare, and public agencies. Canal parks and a museum preserve the city’s Erie Canal heritage. The cityscape is fairly non-descript but there are some nice wooded neighborhoods surrounding the city.
There are minor-league sports and the Syracuse basketball team is a local attraction. Oneida Lake nearby and Lake Ontario to the north provide recreational opportunities. However, Syracuse ties Utica to the east for the greatest annual snowfall in the country, and the area is in a belt of gloomy lake-driven weather year round and especially in winter. For some, Syracuse is a good alternative to crowded and expensive areas further east and south.
Gently rolling terrain stretches northward for about 30 miles to the eastern end of Lake Ontario. Hills rise to 1,500 feet about 5 miles south. The climate is continental with a lake influence. The location near the St. Lawrence storm track makes for dynamic weather. Summer temperatures rise quickly, occasionally exceeding 90 degrees, and fall rapidly after sunset. Hot, humid conditions happen only a few times a year. Winters are cold and somewhat severe. Temperatures average from the low 30’s to the low teens. While Lake Ontario provides some moderation, below-zero temperatures do occur. Precipitation is evenly distributed year-round with thunderstorms in summer and frequent winter snow squalls fed by lake moisture. Winter days are cloudy. Over 100 inches of snow falls annually. First freeze is mid-October, last is late April.
Interesting Facts about Syracuse, New York
As of 2014, Syracuse's population is 144,703 people. Since 2000, it has had a population growth of -1.77 percent.--------------------
The median home cost in Syracuse is $77,200. Home appreciation the last year has been 0.20 percent.--------------------
Compared to the rest of the country, Syracuse's cost of living is 11.10% Lower than the U.S. average.--------------------
Syracuse public schools spend $18,274 per student. The average school expenditure in the U.S. is $12,435. There are about 12.5 students per teacher in Syracuse.--------------------
The unemployment rate in Syracuse is 6.30 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Syracuse jobs have Decreased by 0.85 percent.
Ranked #3 Most Secure Places to Live in the U.S. (Large Metro Areas)
Ranked #4 Most Secure Places to Live 2011 (Large Metros)
Ranked #16 America's Best and Worst Cities for Crime (Large Metro Areas)
Ranked #39 Most Competitive Private Colleges
Ranked #44 The Most (and Least) Gender Imbalanced Cities
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Average Commute time is 17 minutes. The National Average is 25 minutes.--------------------
Syracuse'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