Zip 13224 (Syracuse, NY) Economy


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Syracuse, NY is an amazing city with plenty of exciting amenities. It's home to many great companies such as Amazon, Lockheed Martin, and the Syracuse University Hospital. The cost of living is relatively low in this area with 2 bedroom rent being a mere $1,110 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Syracuse is 100 compared to 100 in the US which helps further offset costs for families looking to move into the area. All these factors make Syracuse an enticing place for individuals and families looking for a new home.

Syracuse (zip 13224) has an unemployment rate of 8.6%. The US average is 6.0%.

Syracuse (zip 13224) 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 (zip 13224)
- The Sales Tax Rate for Syracuse (zip 13224) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Syracuse (zip 13224) 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 (zip 13224)
- The average income of a Syracuse (zip 13224) resident is $30,129 a year. The US average is $28,555 a year.
- The Median household income of a Syracuse (zip 13224) resident is $68,203 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySyracuse, New YorkUnited States
  8.66
  -4.3%-6.2%
  21.3%33.5%
  8.0%6.2%
  6.2%4.6%
  $38,526$37,638
  $68,203$69,021
  $100,625$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  3.2%6.8%
  4.3%10.0%
  1.8%2.5%
  9.1%11.0%
  5.0%4.8%
  0.7%0.8%
  4.0%1.9%
  5.1%4.7%
  1.1%1.9%
  10.0%7.6%
  0.1%0.1%
  5.6%4.2%
  17.6%9.3%
  14.0%14.0%
  2.9%2.1%
  7.8%7.0%
  3.1%4.8%
  3.6%4.7%
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