Syracuse Metro Area

Located in Central New York, the Syracuse metropolitan area is home to more than 650,000 people. Growth in the area has been sluggish for a number of decades, with little increase in population or employment. Like other parts of upstate New York, the Syracuse economy was historically centered on manufacturing, with companies such as Carrier, General Electric, and Lockheed Martin serving as major employers. Though manufacturing remains important to the area, the service sector has emerged as the region’s main source of job creation. In particular, growth in the education and health sector has been a stabilizing force, with the Upstate Medical University and Syracuse University now the area's largest employers.

Economic and Demographic Trends
Syracuse Rochester* Utica* New York State USA
Population1 662,000 1,090,000 292,000 20,201,000 331,449,000
Pop growth, 10-year change1 -0.1% 1.0% -2.4% 4.2% 7.4%
GDP, billions1 $42 $64 $13 $1,725 $20,894
Job growth, 5-year change2 -5.1% -5.5% -5.6% -4.1% 1.2%
Median household income1 $63,000 $60,000 $56,000 $72,600 $67,000
Median home price1 $150,000 $150,000 $140,000 $350,000 $250,000
Pop share age 25+ with BA+1 32.2% 34.2% 26.9% 39.4% 35.1%

1 2020

2 2021

* 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
Regional Employment Trends (March 10, 2023)
Richard Deitz's Briefing on Regional Economic Conditions (March 7, 2023, New York State)
Press Briefing: Employment and Housing Conditions in the Second District (Nov 10, 2022)
A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom (Nov 10, 2022)
Jaison Abel's Briefing on Economic Conditions in the Region (Nov 5, 2021)
Severe Supply Disruptions Are Impeding Business Activity in the Region (Oct 21, 2021)
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