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Ithaca

City in New York · Wikipedia

Part of: Tompkins County · New York

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31,792 Population FY 2023
14.1% Fund Balance FY 2021
$2,866 Per-Capita Spending FY 2021
12.5% Debt Service FY 2021
9.6 Fiscal Stress FY 2017
6.7 Socio-Dem. Stress FY 2017
Ithaca has no financial data filed for FY 2022–2024. Financial trends and rankings may not reflect current conditions.
Ithaca is missing from the OSC Fiscal Stress Monitoring System for FY 2024. Last FSMS score: FY 2017. View stress analysis

Tax Snapshot (Beta)

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for New York and Ithaca.

Component Summary Effective Coverage Sources
NY state personal income tax NY uses a progressive bracket schedule (4.00% to 10.90% on the current IT-201 schedule). Tax year 2025 schedule; statutory update starts for tax years beginning after 2025. Source verified IT-201-I (2025 PDF); Tax Law §601
NY state sales and use tax (base) NY state base sales and use tax rate is 4%; local rates are additive by jurisdiction. In effect as of January 1, 2026. Loaded New York State Department of Taxation and Finance sales tax rates
NY state-level property tax policy In New York, real property tax is raised and spent locally by counties, cities, towns, villages, school districts, and special districts; there is no single statewide property-tax rate. Property-tax guidance page updated July 26, 2024 (accessed April 19, 2026). Needs review NY property taxes overview; ORPTS tax bill calculation guide

Community Profile

Census Bureau ACS 5-year estimates

28.4% Poverty Rate 2023
70.2% Bachelor's+ Rate 2023
7.1% Unemployment Rate 2023
28.9% Homeownership Rate 2023
Median Household Income
$48,617 (2023)
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2010 2023
Per Capita Income
$32,133 (2023)
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2010 2023
Median Home Value
$330,100 (2023)
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2010 2023
Median Gross Rent
$1,441 (2023)
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2010 2023
Median Age
23.6 (2023)
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2010 2023
Gini Index
0 = perfect equality · 1 = perfect inequality
0.6 (2023)
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2010 2023
Financial Documents (53)
Year Title Type
2024 Ithaca FSMS Report 2024 FSMS_MONITORING
2023 Ithaca Census ACS 5-Year Estimates 2023 US_CENSUS_ACS5
2023 Ithaca FSMS Report 2023 FSMS_MONITORING
2022 Ithaca Census ACS 5-Year Estimates 2022 US_CENSUS_ACS5
2022 Ithaca FSMS Report 2022 FSMS_MONITORING
Governance & Structure
Governance Structure
Structure
Not specified
Fiscal Autonomy
Not specified
ICMA Recognition
—
Notes
County seat of Tompkins County; home of Cornell University
OSC Code
500221000000
School Details

Not applicable for this entity type.

Geographic Relationships

This entity is within

Within this entity

Data: NYS Comptroller · CA State Controller · US Census Bureau benchmarkusa.org