Ithaca Metro Area

With a population just over 100,000, Ithaca is one of the smaller metropolitan areas in New York State. Located in the southern part of the state, Ithaca is home to both Cornell University and Ithaca College, and education has long been the dominant industry in the area economy. As a college town, Ithaca has a fairly young and well-educated population, and that characteristic, combined with the presence of the area’s higher education institutions, has attracted innovative companies to the region. While both employment and population have generally grown at a faster pace than in most other parts of upstate New York, Ithaca is also among the most unequal places in the state.

Economic and Demographic Trends
Ithaca Binghamton* Elmira* New York State USA
Population1 102,000 239,000 83,000 19,454,000 328,240,000
Pop growth, 10-year change1 0.7% -5.3% -6.1% 0.8% 7.0%
GDP, billions1 $6 $12 $4 $1,772 $21,433
Job growth, 5-year change1 2.9% -0.6% -3.8% 7.4% 8.6%
Median household income1 $55,000 $53,030 $52,900 $71,600 $65,000
Median home price1 $200,000 $120,000 $110,000 $320,000 $230,000
Pop share age 25+ with BA+1 56.9% 26.5% 25.3% 37.8% 33.1%

1 2019

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota. Data retrieved through, Moody's, or directly from source.

Reports & Analysis
Ithaca Economic Indicators (detailed data and timely updates)
Early Benchmarked Employment Data (Mar 10, 2021)
Press Briefing on Economic Conditions in the Region (Dec 2, 2020 Webcast)
Jaison Abel’s Briefing on the New York State Economy During the Pandemic (Sep 30, 2020)
Tracking the Spread of COVID-19 in the Region (Aug 27, 2020)
Jason Bram's Briefing on Regional Economic Conditions During the Pandemic (July 14, 2020)
Finally, Some Signs of Improvement in the Regional Economy (Jun 16, 2020)
New York Fed Surveys: Business Activity in the Region Sees Historic Plunge in April (Apr 16, 2020)
Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak (Mar 30, 2020)
Ithaca Household Debt & Credit Snapshot (data in Excel) (Q4 2018)
New York Household Debt & Credit Snapshot (Q4 2018)
Jaison Abel’s January 2020 Briefing on the Regional Economy with a Focus on Central New York
Growth Has Slowed across the Region (Dec 17, 2019)
New York State's Community Colleges are Successfully Partnering with Employers (Nov 14, 2018)
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