Syracuse, IN
Population 3,232 · Indiana
About Syracuse, IN
Syracuse is a small town located in Indiana with a population of 3,232 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,894 per year, which is 15% below the national median of $75,149. The median age of 45.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Syracuse features a median home value of $173,800, which is 29% below the national median of $244,900. This positions Syracuse in a moderately priced market relative to the rest of the country. Median monthly rent is $1,046, 10% below the national average of $1,163/month. Of the 1,903 total housing units, 70% are owner-occupied (1,093 units) and 30% are renter-occupied (479 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Syracuse shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Syracuse have an average one-way commute time of 20 minutes.
Education & Demographics
20.5% of Syracuse residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.9% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 2.4% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Syracuse, IN
Compared to national averages, Syracuse has a median household income of $63,894 (15% below the national median of $75,149). Home values average $173,800, which is 29% below the national median. Monthly rent at $1,046 is 10% below the US average of $1,163. Within Indiana, Syracuse's income is 8% below the state average of $69,330, and home values are 6% above the state median of $163,409.
Why Live in Syracuse, IN?
Syracuse offers affordable housing with a median home value of $173,800, below the US average of $244,900, and rent that’s lower than the national average at $1,046/month, and a low poverty rate of 5.4%, better than the national average. Additionally, the city features short commute times averaging just 20 minutes.
Potential considerations include median household income ($63,894) that falls below the national average. However, Syracuse’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Syracuse has a population of 3,232 with a median age of 45.2 years. Compare Syracuse with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Syracuse
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roselawn | 3,231 | $80,061 | $185,200 | Compare |
| Smithville-Sanders | 3,228 | $72,331 | $256,900 | Compare |
| Attica | 3,221 | $66,081 | $116,300 | Compare |
| Country Squire Lakes | 3,211 | $56,806 | $28,600 | Compare |
| Paoli | 3,274 | $45,926 | $134,300 | Compare |
| Corydon | 3,165 | $57,002 | $162,300 | Compare |
| Ossian | 3,342 | $67,641 | $184,000 | Compare |
| Covington | 3,112 | $54,962 | $162,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Syracuse With Other Cities
Frequently Asked Questions about Syracuse
What is the population of Syracuse, IN?
The population of Syracuse, IN is 3,232 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Syracuse?
The median household income in Syracuse, IN is $63,894 per year, which is 15% below the national median of $75,149.
What is the median home value in Syracuse?
The median home value in Syracuse, IN is $173,800, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Syracuse?
The median monthly rent in Syracuse, IN is $1,046, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Syracuse?
The unemployment rate in Syracuse, IN is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Syracuse, IN a good place to live?
Syracuse offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,232 and a median age of 45.2, the city appeals to established professionals and retirees.
How educated is Syracuse, IN?
20.5% of residents in Syracuse aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Syracuse?
Key cost-of-living indicators for Syracuse, IN: median home value is $173,800 (29% below national), median rent is $1,046/month, and median household income is $63,894. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Syracuse?
The poverty rate in Syracuse, IN is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Syracuse, IN?
Syracuse's population is 0.9% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 2.4% Asian, and 0.5% two or more races. 0.6% of residents are foreign-born.