D
25%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
85%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Syracuse Utah National
Cost of living125104100
Goods & Services101102100
Groceries10199100
Health care8891100
Housing185114100
Transportation100105100
Utilities9595100

An Overview of Cost of Living in Syracuse, UT

Understanding the cost of living in Syracuse can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Syracuse cost of living index is 125, which is 25% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you value affordability in your search for a new place to live, Syracuse may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Syracuse falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs significantly influence the Syracuse cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 85%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Syracuse Affordable?

Is Syracuse an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Syracuse is 84.6% higher than the national average, while the average monthly rent prices are 86.1% higher than average. The affordability of any location can also be influenced by median income levels. Syracuse has a median household income of $103,522, which is 87.1% higher than the national average.

What Factors can Influence the Cost of Living in Syracuse?

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Syracuse, the utilities index registers 5.5% lower than the national average.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Syracuse, the groceries index is 0.5% higher than the national average.

Where is the Data From?

The cost of living in Syracuse, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Syracuse is 20% higher than the Utah average
  • The cost of living in Syracuse is 25% higher than the national average
  • Syracuse housing is 85% higher than the national average
  • Utah general sales tax is 20% higher than the national average
  • Utah state income tax is 87% higher than the national average

Most Affordable Places to Live in and Around Syracuse

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Compare Syracuse, UT Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$105,036$8,753$2,451$3,151
      Renters$76,646$6,387$1,788$2,300
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Syracuse, UT, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Syracuse, homeowners have a median income of $105,036. Using that number, a maximum of $2,451 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $76,646, which means there is a maximum of $1,788 to be spent on the costs of renting a home or apartment.

      Utah Sales Tax

      State General Sales Tax With Max Surtax
      Utah 6.1% 8.35%

      Utah Income Tax

      State Income Tax (Low) Income Tax (High)
      Utah 4.85% 4.85%

      Goods & Services

      Item Syracuse National avg. Difference
      Haircut $21.35$24.2612.0%
      Beauty Salon $52.17$45.5614.5%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.17$1.288.6%
      Movie $11.20$12.137.7%
      Bowling $16.97$18.005.7%

      Groceries

      Item Syracuse National avg. Difference
      Ground Beef $6.18$5.845.9%
      Fried Chicken $1.42$1.5710.0%
      Milk $4.68$4.670.2%
      Potatoes $4.61$4.936.7%
      Pizza $11.99$12.090.8%
      Beer $11.03$10.415.9%

      Health Care

      Item Syracuse National avg. Difference
      Optometrist $113.53$125.689.7%
      Doctor $125.51$135.787.6%
      Dentist $77.37$113.2931.7%
      Ibuprofen $10.71$10.650.5%
      Lipitor $532.80$468.6013.7%

      Housing

      Item Syracuse National avg. Difference
      Home Price $340,900.00$184,700.0084.6%
      Avg. Mortgage Payment $2,471.79$2,346.695.3%
      Apartment Rent $1,766.00$949.0086.1%

      Transportation

      Item Syracuse National avg. Difference
      Gasoline $3.51$3.461.4%
      Tire Balancing $58.77$59.921.9%

      Utilities

      Item Syracuse National avg. Difference
      All Electricity $176.12$193.999.2%
      Phone $192.69$192.250.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Sunset, UT5,309990.8%
      Ogden, UT87,1751000.1%
      Washington Terrace, UT9,1811022.2%
      Riverdale, UT8,8261054.7%
      South Ogden, UT17,0801054.9%
      Syracuse, UT30,36612524.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Crown Point, IN30,3721000.3%
      Golden Gate, FL30,37611313.1%
      Milford Mill, MD30,35511110.9%
      Garner, NC30,3451054.9%
      Poughkeepsie, NY30,34111312.6%
      Syracuse, UT30,36612524.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.