The 10 Cheapest Syracuse, NY Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Syracuse are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Syracuse.
Cheapest Neighborhoods In Syracuse

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:

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”.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • 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

Overall SnackAbility

3
/10

Population: 600
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 0.9 (2nd cheapest)
Rent To Income Ratio: 0.026 (16th cheapest)
More on Lakefront: Homes For Sale | Data

The median income in Lakefront comes in at $34,359 and the median home value is $32,300 for 2020.

Overall SnackAbility

6
/10

Population: 1,881
Cost Of Living Index: 85 (12th cheapest)
Home Value To Income Ratio: 1.5 (3rd cheapest)
Rent To Income Ratio: 0.018 (6th cheapest)
More on Elmwood: Homes For Sale | Data

The median income in Elmwood comes in at $47,050 and the median home value is $69,100 for 2020.

Overall SnackAbility

7
/10

Population: 4,521
Cost Of Living Index: 83 (6th cheapest)
Home Value To Income Ratio: 1.7 (4th cheapest)
Rent To Income Ratio: 0.021 (11th cheapest)
More on Outer Comstock: Homes For Sale | Data

The median income in Outer Comstock comes in at $35,668 and the median home value is $61,780 for 2020.

Overall SnackAbility

8
/10

Population: 6,819
Cost Of Living Index: 86 (14th cheapest)
Home Value To Income Ratio: 1.9 (7th cheapest)
Rent To Income Ratio: 0.015 (4th cheapest)
More on Far West-Side: Homes For Sale | Data

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.

Overall SnackAbility

6
/10

Population: 8,101
Cost Of Living Index: 73 (1st cheapest)
Home Value To Income Ratio: 0.3 (1st cheapest)
Rent To Income Ratio: 0.043 (25th cheapest)
More on University Hill: Homes For Sale | Data

The median income in University Hill comes in at $9,454 and the median home value is $2,500 for 2020.

Overall SnackAbility

8
/10

Population: 8,131
Cost Of Living Index: 87 (15th cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.019 (7th cheapest)
More on Northside: Homes For Sale | Data

The median income in Northside comes in at $41,694 and the median home value is $77,644 for 2020.

Overall SnackAbility

9.5
/10

Population: 2,136
Cost Of Living Index: 97 (25th cheapest)
Home Value To Income Ratio: 1.8 (5th cheapest)
Rent To Income Ratio: 0.004 (1st cheapest)
More on Sedgewick: Homes For Sale | Data

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 Syracuse, NY

Overall SnackAbility

8
/10

Population: 6,358
Cost Of Living Index: 90 (19th cheapest)
Home Value To Income Ratio: 2.0 (8th cheapest)
Rent To Income Ratio: 0.016 (5th cheapest)
More on Strathmore: Homes For Sale | Data

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.

Overall SnackAbility

5
/10

Population: 2,166
Cost Of Living Index: 83 (6th cheapest)
Home Value To Income Ratio: 2.2 (14th cheapest)
Rent To Income Ratio: 0.023 (13th cheapest)
More on Skunk City: Homes For Sale | Data

The median income in Skunk City comes in at $29,532 and the median home value is $64,100 for 2020.

Overall SnackAbility

8.5
/10

Population: 5,159
Cost Of Living Index: 93 (23rd cheapest)
Home Value To Income Ratio: 2.0 (9th cheapest)
Rent To Income Ratio: 0.007 (2nd cheapest)
More on Meadowbrook: Homes For Sale | Data

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:

Detailed List Of The Cheapest Neighborhoods To Live In Syracuse For 2020

Rank Neighborhood Cost Of Living Index
1 Lakefront 81
2 Elmwood 85
3 Outer Comstock 83
4 Far West-Side 86
5 University Hill 73
6 Northside 87
7 Sedgewick 97
8 Strathmore 90
9 Skunk City 83
10 Meadowbrook 93
11 Eastwood 88
12 Near Northeast 83
13 South Valley 89
14 Salt Springs 88
15 Westside 83
16 Brighton 83
17 Washington Square 84
18 Near Westside 83
19 Southwest 82
20 North Valley 84
21 Lincoln Park 91
22 Downtown 91
23 University 96
24 Near Eastside 86
25 Wescott 92
26 Skytop-South Campus 98

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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