This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Syracuse page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 3,232, so Syracuse should be compared with similar-size places before using broader Indiana averages. Median household income is $63,894, so the best affordability read for Syracuse is income versus housing, taxes, utilities, and insurance together.
Median home value is $173,800, so ownership costs in Syracuse should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $1,046/mo, so renters can compare Syracuse against ownership costs and nearby rental markets.
Housing and Income Context
For Syracuse, income sits in the middle range, making recurring bills worth watching. Home values are comparatively low, but maintenance, taxes, and utilities still matter.
Use the home value, rent, and income fields together before deciding whether Syracuse looks more favorable for renting, buying, or comparing with New Paris, IN.
Utility Cost Context
The residential electricity benchmark is $0.179/kWh, so Syracuse households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Syracuse is a Indiana state-level EIA benchmark, so it should not be read as a local provider tariff.
For Syracuse, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $970, so Syracuse buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Syracuse address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Syracuse depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Syracuse, especially when comparing with New Paris, IN.
Population and Demographics
Median age is 45.2, so Syracuse may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 20.5%, so Syracuse education context can be useful when reading labor-market and school sections.
Unemployment is 3.2%, so Syracuse wage and job-market context should be compared with commute options and regional employment centers.
