Syracuse, NY is a great place to live with plenty of opportunities to explore. It offers local companies such as Wegmans Food Markets, Destiny USA, and Syracuse University. The cost of living in Syracuse is highly affordable. The average rent for a two bedroom apartment is only $1,080 per month compared to the national average of $1,430 per month and grocery costs have an index score of 97 compared to the US average of 100. These are just some of the reasons why living in Syracuse can be an economical choice.
Syracuse has an unemployment rate of 8.6%. The US average is 6.0%.
Syracuse has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Syracuse
- The Sales Tax Rate for Syracuse is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Syracuse is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Syracuse
- The average income of a Syracuse resident is $19,283 a year. The US average is $28,555 a year.
- The Median household income of a Syracuse resident is $40,490 a year. The US average is $69,021 a year.