Ithaca Metro Area

With a population just over 100,000, Ithaca is one of the smaller metropolitan areas in New York State. Located in the southern part of the state, Ithaca is home to both Cornell University and Ithaca College, and education has long been the dominant industry in the area economy. As a college town, Ithaca has a fairly young and well-educated population, and that characteristic, combined with the presence of the area’s higher education institutions, has attracted innovative companies to the region. While both employment and population have generally grown at a faster pace than in most other parts of upstate New York, Ithaca is also among the most unequal places in the state.

Economic and Demographic Trends
Ithaca Binghamton* Elmira* New York State USA
Population1 103,000 240,000 84,000 19,542,000 327,167,000
Pop growth, 10-year change1 2.4% -4.9% -4.8% 1.7% 7.6%
GDP, billions2 $5 $10 $3 $1,598 $19,485
Job growth, 5-year change1 3.9% -1.5% -3.5% 8.0% 9.3%
Median household income2 $57,000 $50,000 $50,000 $64,000 $60,000
Median home price2 $200,000 $109,000 $100,000 $300,000 $200,000
Pop share age 25+ with BA+2 52.2% 26.8% 23.9% 36.0% 32.0%

1 2018

2 2017

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota. Data retrieved through American FactFinder, Moody's, or directly from source.

Reports & Analysis
Ithaca Economic Indicators (detailed data and timely updates)
NEW: Early Benchmarked Employment Data
Ithaca Household Debt & Credit Snapshot (data in Excel) (Q4 2018)
New York Household Debt & Credit Snapshot (Q4 2018)
Labor Markets in the Region Are Exceptionally Tight (Dec 4, 2018)
New York State's Community Colleges are Successfully Partnering with Employers (Nov 14, 2018)
Upstate New York's Expansion Is Losing Steam (Oct 13, 2017)
Just Released: Economic Press Briefing Focuses on Regional Wage Inequality (Aug 10, 2017)
A Tale of Two States: The Recession's Impact on N.Y. and N.J. School Finances (Feb 2017)