Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Syracuse might be more expensive than living in rural New York, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Syracuse neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Syracuse are the cheapest.
What’s the cheapest neighborhood to live in Syracuse for 2020? According to the most recent census data, Lakefront looks to be the cheaptest Syracuse neighborhood to live in.
At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Syracuse. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Syracuse that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Syracuse.
Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more New York reading, check out:
- Best Places To Live In New York
- Best Counties To Live In New York
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Syracuse Hoods In 2020
In order to rank the cheapest places to live in Syracuse, we had to determine what criteria defines “cheap”.
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 26 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the “Cheapest City Neighborhood In Syracuse.” We’re lookin’ at you, Lakefront.
Read on below to learn more about what it’s like to live in the cheapest places Syracuse. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 10 Cheapest Neighborhoods To Live In Syracuse For 2020
The median income in Lakefront comes in at $34,359 and the median home value is $32,300 for 2020.
The median income in Elmwood comes in at $47,050 and the median home value is $69,100 for 2020.
The median income in Outer Comstock comes in at $35,668 and the median home value is $61,780 for 2020.
The Syracuse Far Westside is one of 26 neighborhoods recognized by the City of Syracuse, New York. Until this area joined the city in 1886 it was known as the village of Geddes.
The median income in Far West-Side comes in at $46,855 and the median home value is $87,325 for 2020.
The median income in University Hill comes in at $9,454 and the median home value is $2,500 for 2020.
The median income in Northside comes in at $41,694 and the median home value is $77,644 for 2020.
Sedgwick is one of the 26 officially recognized neighborhoods of Syracuse, New York, United States. It borders four other Syracuse neighborhoods, with Northside to the north and west, Near Northeast to the southwest, Lincoln Park to the south, and Eastwood to the east.
The median income in Sedgewick comes in at $106,808 and the median home value is $196,850 for 2020.
Strathmore, or Strathmore “By the Park” Subdivision, is a neighborhood in the southwest of Syracuse, New York, United States. It is a mostly residential neighborhood that has many houses from the early and middle of the twentieth century.
The median income in Strathmore comes in at $54,151 and the median home value is $108,138 for 2020.
The median income in Skunk City comes in at $29,532 and the median home value is $64,100 for 2020.
Meadowbrook is a Syracuse, New York neighborhood, located in the southeastern corner of the city. It corresponds to Onondaga County Census Tract 46. It is named after Meadow Brook, which runs through it and into Butternut Creek.
The median income in Meadowbrook comes in at $76,101 and the median home value is $153,467 for 2020.
Summing Up The Cheapest Places In Syracuse
If you’re measuring the neighborhoods in Syracuse where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Syracuse aren’t all cheap. Skytop-South Campus takes the title of the most expensive neighborhood to live in Syracuse.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more New York reading, check out:
- Cheapest Places To Live In New York
- Best Places To Raise A Family In New York
- Best Places To Retire In New York
- Richest Cities In New York
- Safest Places In New York According To Science
- Worst Places To Live In New York State
Detailed List Of The Cheapest Neighborhoods To Live In Syracuse For 2020
|Rank||Neighborhood||Cost Of Living Index|