Cost of Living in Ithaca, NY
Population: 31,792 • 2026 Data
$48,617
Median Household Income
-37% vs national
$1,441
Median Monthly Rent
+7% vs national
$330,100
Median Home Value
-3% vs national
7.1%
Unemployment Rate
Housing in Ithaca
The median home value in Ithaca, NY is $330,100. Monthly rent for a typical unit averages $1,441, while total monthly housing costs (including utilities and insurance) average $1,472.
Rent-to-income ratio: 35.6%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Ithaca, NY is $48,617. The unemployment rate stands at 7.1%, with a labor force of 15,959 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.