CAPITAL DISTRICT BUSINESS ENVIRONMENT and ECONOMY
This page contains selected economic information about the Capital District. The information from the Albany/Colonie Regional Chamber of Commerce, where updated information can be obtained periodically.
More relevant links have been provided for your convenience, or scroll down to check selected facts about the Syracuse Business Environment & Economy.
Proximity To Market:
Over 136 million people live within a 750 mile radius of Syracuse, including over 50 percent of the population of Canada and the United States
Physical Characteristics:
Onondaga County --- 784 sq. miles
Syracuse MSA --- 3,087 sq. miles
City of Syracuse --- 26 sq. miles
Mileage to Major Cities:
Albany, NY 136 Montreal, Que. 248
Baltimore, MD 299 New York, NY 253
Binghamton, NY 75 Niagara Falls, NY 165
Boston, MA 299 Philadelphia, PA 255
Buffalo, NY 147 Pittsburgh, PA 342
Chicago, IL 665 Rochester, NY 85
Cleveland, OH 330 Toronto, Ont. 248
Hartford, CT 236 Washington, DC 350
Population:
Designated Area ---- 1980 ---- 1990 ---- 2000
City of Syracuse --- 170,105 --- 163,860 --- 147,306
Onondaga County --- 463,920 --- 468,973 --- 458,336
Syracuse MSA --- 642,971 --- 742,177 --- 732,117
Source: U.S. Census Bureau
Households:
Designated Area ---- 1980 --- 1990 --- 2000
City of Syracuse --- 66,961 --- 65,046 --- 59,482
Onondaga County --- 165,677 --- 177,950 --- 181,153
Syracuse MSA --- 250,616 --- 273,038 --- 282,601
Source: U.S. Census Bureau
Median Age:
Syracuse MSA - 36.1
Onondaga County - 36.3
Per Capita Personal Income 1998:
Onondaga County --- $26,324
Syracuse MSA --- $24,219
Physical Characteristics:
Onondaga County --- 784 sq. miles
Syracuse MSA --- 3,087 sq. miles
City of Syracuse --- 26 sq. miles
Median Selling Price Of Homes - 2000:
Onondaga County - $80,000
Median Household Effective Buying Income (EBI) 2000:
City of Syracuse --- $23,995
Onondaga County. --- $34,848
Syracuse MSA --- $34,468
New York State --- $39,351
United States --- $37,233
Source: Sales Marketing & Management 2000 Survey of Buying Power
Accra Cost Of Living Index (3rd Quarter 2000):
Index --- Grocery --- Housing
Binghamton, NY --- 99.9 --- 103.4 --- 89.8
Buffalo, NY --- 100.2 --- 112.2 --- 87.6
Glens Falls, --- NY --- 104.3 --- 105.2 --- 89.0
Syracuse, NY --- 102.3 --- 106.0 --- 89.1
Consumer Price Index (CPI) 2000 - 3.4:
Unadjusted % change from May.'00 to May.--- '01 3.6
Unemployment Rate:
County --- MSA --- NYS --- US
1999 --- 3.4 --- 4.2 --- 5.2 --- 4.3
2000 --- 3.4 --- 4.1 --- 4.7 --- 5.7
May '01 --- 3.4 --- 3.9 --- 4.0 --- 4.1
Labor Force Employed:
May 2001 --- May 2001
Onondaga County --- 231,300 --- 223,500
Syracuse MSA --- 360,300 --- 346,200
Non-Agricultural Employment:
Employment Sector --- % of Total --- # Employed May
Goods Producing --- 18.6 --- 18,600 --- 63,600
Construction & --- Mining --- 4.2 --- 14,400 --- 15,700
Manufacturing 14.4 --- 51,000 --- 47,900
Durable 10.0 --- 35,600 --- 34,000
Non-durable 4.3 --- 15,500 --- 13,900
Service Producing --- 81.4 --- 289,300 --- 293,300
Services 30.5 --- 108,200 --- 108,400
F.I.R.E. 5.2 --- 18,500 --- 17,200
Trans. & Public Utilities --- 5.9 --- 20,900 --- 21,700
Wholesale & Retail --- Trade --- 22.7 --- 80,500 --- 82,400
Government 17.2 --- 61,200 --- 63,500
Total --- 100 --- 355,320 --- 356,800
Taxes:
Sales 7%
State 4%
Local 3%
Sales Income Tax685%
Source: NYS Department Labor
