Living in Syracuse, NY
Syracuse, New York is a mid-sized city with a population of 144,350 people. Syracuse has a population density of 5,767 people per square mile. This would be considered well above the national population density level. Syracuse is known to be an ethnically diverse city. The two most common races are White (55%) and Black or African American (29%). With an average age of 31 years old, Syracuse could be a great place to live for young adults as this age is well below the national average. All the single ladies (and all the single fellas) might want to take notice as only 50% of the Syracuse population is married.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Syracuse, New York could be a positive experience for anyone who puts in the time to do the research required. With useful information like amenities, cost of living, employment, housing and other key data points, finding the best places to live in Syracuse and in the areas around Syracuse is a much easier task.
Syracuse, NY receives 56/100 for it’s livability score; this results in a ranking of #1,104 in New York and #26,535 in the USA. This is a poor rating when compared to the average of other places in the country. In fact, Syracuse actually ranks among the lowest 10 percentile of cities across the nation. Based on the scores for each individual category, Syracuse has been rewarded with high marks for amenities (A+) and cost of living (B+). Syracuse does not fare well for the following: crime (F), weather (D-), education (F), employment (F) and housing (F). It might be a good idea to take a closer look at each category to find out why.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Syracuse is real estate affordability. Median real estate prices in Syracuse come in at $89,900, which is 68.6% lower than the New York average. The home price to income ratio compares the median home prices to the median household income. In Syracuse, the home price to income ratio is 2.8, which is 40.4% lower than the New York average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Syracuse area were 6.1% and 5 year appreciation rates were 1.7%.
