📊 Syracuse, NY Market Demographics
Population
662,000
🟢 Census ACS 2023
Median Household Income
$59,700
🟢 ACS Table B19013
Median Age
39.5 yrs
🟢 ACS Table B01002
Unemployment Rate
5.5%
🟢 BLS LAUS
Homeownership Rate
64.5%
🟢 ACS Table B25003
📋 Market Analysis: Why Syracuse for Franchising?
Income & purchasing power. Syracuse's median household income of $59,700 is 21% below the national median of $75,149. Value-oriented franchise concepts (QSR, cleaning services, discount retail) tend to perform well in markets below the national income median, as franchisees can maintain lower operating costs while serving strong demand.
Labor market conditions. The unemployment rate in Syracuse is 5.5%, 1.9pp above the national average of 3.6%. Higher unemployment can mean a larger available labor pool for franchise operators, but may also signal weaker consumer demand. Categories serving essential needs (automotive, healthcare, cleaning) tend to be more resilient.
Homeownership & service demand. At 64.5%, homeownership in Syracuse is 0.7pp below the national rate of 65.2%. Homeownership near the national average supports moderate demand across both home services and consumer-facing franchise categories.
Top opportunity: Fitness & Wellness. With a Penetration Index of 51 (49% below the national average), Fitness & Wellness has the highest Opportunity Score of 74/100 in Syracuse. The market has an estimated 40 existing units versus 79 expected based on population — a gap of roughly 39 units that represents white-space opportunity for new entrants.
How Syracuse compares. Demographically similar metro areas include Wichita, Palm Bay, Winston. Comparing franchise penetration across peer markets can reveal whether Syracuse's opportunity gaps are local (untapped demand) or structural (category fit for the region). Explore each peer market for side-by-side franchise category analysis.
#1
💪
Fitness & Wellness
Gyms, boutique fitness studios, yoga, martial arts, and wellness centers
74
Opportunity
Score
🟡 Estimated
Penetration Index
51
49% below avg
Est. Units (Syracuse)
40
vs 79 expected
Avg Investment
$200,000–$600,000
typical range
49% below peer-market average — 40 estimated units vs 79 expected for a market of 0.7M (Source: FDD Item 20 estimates)
📊 Source: Unit counts from IFA membership data + FDD Item 20
Full Analysis — All 10 Categories in Syracuse →
#2
🚗
Automotive Services
Oil change, auto repair, detailing, and specialty automotive service franchises
74
Opportunity
Score
🟡 Estimated
Penetration Index
51
49% below avg
Est. Units (Syracuse)
27
vs 53 expected
Avg Investment
$180,000–$450,000
typical range
49% below peer-market average — 27 estimated units vs 53 expected for a market of 0.7M (Source: FDD Item 20 estimates)
📊 Source: Unit counts from Census business patterns (NAICS 8111)
Full Analysis — All 10 Categories in Syracuse →
#3
🏠
Home Services
Cleaning, landscaping, HVAC, plumbing, and home improvement service franchises
74
Opportunity
Score
🟡 Estimated
Penetration Index
51
49% below avg
Est. Units (Syracuse)
74
vs 146 expected
Avg Investment
$80,000–$300,000
typical range
49% below peer-market average — 74 estimated units vs 146 expected for a market of 0.7M (Source: FDD Item 20 estimates)
📊 Source: Unit counts from FDD disclosures + IFA annual report
Full Analysis — All 10 Categories in Syracuse →
#4
⚕️
Healthcare & Medical
Urgent care, physical therapy, dental, vision, and medical staffing franchises
74
Opportunity
Score
🟡 Estimated
Penetration Index
50
50% below avg
Est. Units (Syracuse)
20
vs 40 expected
Avg Investment
$300,000–$900,000
typical range
49% below peer-market average — 20 estimated units vs 40 expected for a market of 0.7M (Source: FDD Item 20 estimates)
📊 Source: Unit counts from CMS provider data + FDD Item 20
Full Analysis — All 10 Categories in Syracuse →
#5
📚
Education & Learning
Tutoring centers, preschools, STEM programs, and learning enrichment franchises
74
Opportunity
Score
🟡 Estimated
Penetration Index
50
50% below avg
Est. Units (Syracuse)
30
vs 60 expected
Avg Investment
$100,000–$400,000
typical range
49% below peer-market average — 30 estimated units vs 60 expected for a market of 0.7M (Source: FDD Item 20 estimates)
📊 Source: Unit counts from Dept of Education + FDD Item 20 disclosures
Full Analysis — All 10 Categories in Syracuse →
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📈 Peer Market Comparison — Similar Metro Areas
| Metro Area | Population | Median HHI |
|---|
| 📍 Syracuse, NY (this market) | 662,000 | $59,700 |
| Wichita, KS |
650,000 |
$58,100 |
| Palm Bay-Melbourne-Titusville, FL |
630,000 |
$60,800 |
| Winston-Salem, NC |
677,000 |
$56,500 |
❓ Frequently Asked Questions
What are the best franchise categories to open in Syracuse?
Based on our data analysis, the top franchise categories in Syracuse by Opportunity Score are: 1. Fitness & Wellness (Score: 74/100), 2. Automotive Services (Score: 74/100), 3. Home Services (Score: 74/100), 4. Healthcare & Medical (Score: 74/100), 5. Education & Learning (Score: 74/100). These scores are based on population demographics from US Census ACS 2023 and franchise unit count estimates from FDD Item 20 disclosures.
How many people live in the Syracuse, NY metro area?
According to the US Census American Community Survey 2023 5-year estimates, the Syracuse, NY metropolitan statistical area has a population of 662,000.
What is the median household income in Syracuse?
The median household income in the Syracuse, NY metro area is $59,700, according to US Census ACS 2023 estimates (ACS Table B19013).
How many Fitness & Wellness franchise units are in Syracuse?
Based on FDD Item 20 disclosures and Census business pattern data, Syracuse has an estimated 40 Fitness & Wellness franchise units, compared to 79 expected based on the metro's population. This gives a Penetration Index of 51 — indicating a potentially underserved market.
How does the Syracuse market compare to similar metro areas for franchising?
Syracuse has a population of 662,000 and median household income of $59,700, which is -21% below the national median. Comparable metro areas include Wichita, Palm Bay, Winston. We recommend comparing opportunity scores across peer metros before selecting a territory, as penetration gaps vary significantly between demographically similar markets.
What factors should I consider before opening a franchise in Syracuse?
Key factors include: (1) local income levels — Syracuse's $59,700 median HHI determines which franchise price points the market supports, (2) category saturation — check the Penetration Index for your target category, (3) labor availability — the 5.5% unemployment rate affects staffing costs, and (4) real estate — homeownership at 64.5% influences both commercial lease availability and home services demand. Use our Territory Opportunity Finder for a complete category-by-category analysis.
📚 Data Sources & Methodology
This analysis is based on:
- US Census American Community Survey 2023 (5-year estimates)
- Franchise Disclosure Documents (FDD Item 20) through 2024
- International Franchise Association (IFA) market data
How Opportunity Scores are calculated: Scores combine franchise category penetration (estimated from FDD Item 20 data),
local income levels, unemployment, and regional market factors. A score of 80+ indicates strong underpenetration;
50–79 indicates moderate opportunity; below 50 indicates a saturated or challenging market.
What "estimated" means: Unit counts marked 🟡 are derived from FDD disclosures for major franchisors
and Census business pattern data. They are directional estimates, not precise counts. Verify through individual FDD Item 20 research.
Disclaimer: This analysis is for informational purposes only.
It does not constitute investment advice. Past market data does not guarantee future franchise performance.
Full methodology →
Last updated: April 1, 2026 · Data: US Census ACS 2023 · FDD through 2024
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