Syracuse, New York Income Statistics
Syracuse Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Syracuse Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Syracuse | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,787 | $86,556 | $80,455 |
| Median Personal Income | $51,668 | $70,316 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.5% | 4.8% |
| Six-Figure Earners | 6.0% | 16.7% | 13.9% |
| $200k+ Households | 4.0% | 17.1% | 13.2% |
The median household income in Syracuse is about 45% lower than in New York. Income has been growing faster in Syracuse (4.7%/yr) than in New York (4.5%/yr).
About 6% of adults in Syracuse earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Syracuse, New York grew by 59.0% from 2009 to 2024, reaching $47,787 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Syracuse
| Metric | Syracuse | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.557 | 0.552 |
| Male Median Income | $59,495 | $77,531 | $69,667 |
| Female Median Income | $50,426 | $67,892 | $56,850 |
| Gender Pay Gap | 15.2% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Syracuse, it is 0.590, higher than New York's 0.557, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 18% more than women's income in Syracuse, New York. Over a 35-year career, a 18% wage gap accumulates to roughly $317,415 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Syracuse, New York has widened from about 12% to 15% in 2024. Over that period the gap was narrowest at 5% in 2019. In dollar terms, the gap has widened by $4,478 since 2009.
Sharply against the trend: the pay gap in Syracuse widened by 2.8 points while New York's narrowed by 6.0 points.
Employment
| Metric | Syracuse | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.7% | 6.4% | 5.2% |
| Working from Home | 12.1% | 15.0% | 15.0% |
| Commute time (minutes) | 15 | 28 | 22 |
Approximately 5,224 people are unemployed in Syracuse, New York.
The average commute time in Syracuse is 15 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Syracuse, New York has fallen from 10.3% to 7.7% in 2024. Over that period the rate peaked at 12.5% in 2014 and fell as low as 7.4% in 2023.
Conclusion
Considering all these factors, Syracuse, New York has an overall wealth index grade of D, making it somewhat worse than New York, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Syracuse, New York.
How Rich Is Syracuse, New York?
Syracuse has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $47,787, about 45% lower than the New York average of $86,556.
How fast is household income rising in Syracuse, New York?
Between 2009 and 2024, the median household income in Syracuse, New York rose 59%, from $30,046 to $47,787. Over the same years, income here outpaced New York as a whole: +59% against +56%.
What was the median household income in Syracuse in 2023?
In 2023, the median household income in Syracuse, New York was $45,788, up 5% from $43,791 in 2022. The New York median that year was $85,199.
What was the median household income in Syracuse in 2020?
In 2020, the median household income in Syracuse, New York was $38,896. By 2024 it had risen 23% to $47,787.
What is the Gini coefficient in Syracuse, New York?
The Gini coefficient in Syracuse is 0.590. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Syracuse, New York?
Since 2009, the income gap between men and women in Syracuse, New York has widened from about 12% to 15% in 2024. Over that period the gap was narrowest at 5% in 2019. In dollar terms, the gap has widened by $4,478 since 2009.
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