Syracuse is a city in New York noted for its rich history, diversified culture, and academic success. However, not all areas in Syracuse are as pricey and prohibitive as they appear. Some communities provide cheaper housing costs, reduced living expenditures, and a greater quality of life than others.
Based on the most recent statistics from AreaVibes and HomeSnacks, we’ve identified the ten cheapest Syracuse, NY communities to live in for 2024.
1. Northside
- Overall Snackability: 6/10
- Population: 9,055
- Housing Cost Per Hundred Thousand: $35,000 (lowest)
- Living Cost Per $100,000: $36,000 (2nd lowest
- The median home value is $35,000 (lowest)
- Median income: $22,000 (lowest)
Northside is Syracuse’s cheapest neighborhood in 2024. It is near the downtown area and the Destiny USA mall. It boasts the lowest housing and second-lowest living costs in the city. The typical house value in Northside is $35,000, 87% less than the Syracuse average. Northside’s median income is $22,000, 64% lower than Syracuse’s average. Northside is also noted for its high crime rate, little diversity, and poor walkability.
2. Strathmore
- Overall Snackability: 8/10
- Population: 6,637
- Housing Cost Per $100,000: $37,000 (2nd lowest)
- Living Cost Per $100,000: $35,000 (lowest)
- The median home value is $37,000 (2nd lowest)
- The median income is $26,000 (2nd poorest)
Strathmore is the second-cheapest neighborhood to reside in Syracuse in 2024. It is near Onondaga Park and the Rosamond Gifford Zoo. It has the second-lowest housing cost and the city’s lowest living cost. Strathmore’s median house value is $37,000, 86% lower than the Syracuse average. Strathmore’s median income is $26,000, 58% lower than Syracuse’s average. Strathmore is also noted for its diverse student population, high graduation rate, and walkability.
3. Elmwood
- Overall Snackability: 5/10
- Population: 1,719
- Housing Cost Per 100,000: $40,000 (3rd lowest)
- Living Cost Per $100,000: $38,000 (3rd lowest)
- The median home value is $40,000 (3rd lowest)
- The median income is $28,000 (3rd poorest)
Elmwood is the third-cheapest neighborhood to reside in Syracuse in 2024. It is located near Elmwood Park and Meachem Field. It boasts the third lowest housing and living costs in the city. The typical house value in Elmwood is $40,000, 84% less than the Syracuse average. Elmwood’s median income is $28,000, 54% lower than the Syracuse average. Elmwood is also noted for its high crime rate, little variety, and poor walkability.
4. Far West-side
- Overall Snackability: 7/10
- Population: 5,954
- Housing Cost Per $100,000: $42,000 (4th lowest)
- Living Cost Per $100,000: $39,000 (4th lowest)
- The median home value is $42,000 (4th lowest)
- The median income is $30,000 (4th poorest)
Far West Side is the fourth-cheapest area to reside in Syracuse in 2024. It is situated near the Westcott Reservoir and Burnet Park. It boasts the fourth lowest housing and living costs in the city. The typical property value in Far West Side is $42,000, 83% less than the Syracuse average. The typical income on the Far West Side is $30,000, which is 50% less than the Syracuse average. Far West Side is also noted for its diverse population, high graduation rate, and walkability.
5. Lincoln Park
- Overall Snackability: 6/10
- Population: 2,781
- Housing Cost Per $100,000: $44,000 (5th lowest)
- Living Cost Per $100,000: $40,000 (5th lowest)
- The median home value is $44,000 (5th lowest)
- The median income is $32,000, which ranks fifth poorest
Lincoln Park is the fifth-cheapest neighborhood to reside in Syracuse in 2024. It is located near Lincoln Park and Syracuse University. It has the seventh lowest housing and living costs in the city. The typical property value in Lincoln Park is $44,000, 82% less than the Syracuse average. Lincoln Park’s median income is $32,000, 46% lower than Syracuse’s average. Lincoln Park is also noted for its diverse population, high graduation rate, and walkability.
Conclusion
Discover affordability in Syracuse’s colorful tapestry with our examination of the city’s five cheapest neighborhoods for 2024. From the affordable Northside to the colorful and walkable Lincoln Park, these neighborhoods provide cheaper housing costs, fewer living expenses, and a promising quality of life. Navigate through Syracuse’s affordable neighborhoods, where financial caution meets a happy lifestyle.