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Tompkins County, NY

RANK #375 / 996  ·  POP 102,555  ·  NY

PROJECTED GROWTH: +1.2%

Tompkins County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why Tompkins County?

Tompkins County, New York, is often recognized for its dramatic gorges and over 150 waterfalls, including Taughannock Falls, which stands taller than Niagara Falls. Located in the Finger Lakes Region of central New York, the county seat, Ithaca, sits at the southern tip of Cayuga Lake. This area, roughly four hours from New York City, blends rural landscapes with the cultural amenities of a college town, largely influenced by Cornell University and Ithaca College. Residents and visitors enjoy extensive outdoor recreation, from hiking and biking trails to water activities on Cayuga Lake.

Life in Tompkins County is shaped by its academic institutions, which draw a diverse population of students, faculty, and professionals. Public schools in the Ithaca City School District and other districts like Dryden and Lansing are highly rated. The economy is significantly driven by higher education, with Cornell University being the largest employer. Beyond academia, there's a growing focus on technology-oriented companies, particularly in areas like biotechnology, and a strong tourism sector that benefits from the region's natural beauty and culinary offerings. Local initiatives are also addressing quality of life concerns, such as the cost of living and access to childcare.

[02] Market Snapshot

Housing Ratio
4.2x

Below national median (4.7x)

GDP Growth
+3.0%

Above national median

Home Prices
+2.3%

Outpacing national median

Climate & Terrain
-0.3

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 4.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Tompkins County U.S. National

The Numbers

DEMOGRAPHICS
Population
102,555
-2.92% YoY
Median Household Income
$69,995
Median Home Value
$264,300
+2.32% 12mo
Median Rent
$1,320
Average Annual Pay
$69,770
+2.3% YoY
Employment
48,051
+1.6% YoY
Income-to-Home-Value
0.2648
More affordable than average
Migration Inflow
7.31%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$335,000
Days on Market
67
Slower market
Months of Supply
3.5
Balanced market
Sale-to-List Ratio
99.6%
Near asking price
Sold Above List
23.1%
Listings w/ Price Drops
11.8%
Building Permits (2024)
337
Single-Family Permits
145

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$900M
TOTAL
PROJECT AMOUNT STATUS
TeraWulf Data Center Campus
TeraWulf
$500M Proposed
Yellow Barn Solar PV Park
Yellow Barn Solar LLC (subsidiary of CS Energy), Lydian Energy
$200M Planned
Cayuga Solar Project
AES Corporation
$60M Planned
Emergency Shelter Construction Project
Tompkins County, Volunteers of America
$50M Planned
SouthWorks Redevelopment Project
City of Ithaca, Tompkins County
$50M Proposed
Troy Heights Energy Storage
Cleanview (developer not specified)
$40M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.0% 56 percentile
Income Growth +8.9% 62 percentile
Vacancy Rate 1.1% 51 percentile
Home Price Change +2.3% 63 percentile
Rent Growth +3.9% 66 percentile
Price/Rent 11x 77 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Tompkins County, NY a good place to move to?

Tompkins County has a Boom Town Index score of 62/100, ranking #375 among 996 U.S. counties. With job growth at +1.6% and a median household income of $69,995, it's an above-average county on economic indicators.

Is Tompkins County affordable?

The median home value in Tompkins County is $264,300 with median rent at $1,320/month. The income-to-home-value ratio is 0.2648, which is more affordable than the national average.

Is Tompkins County growing or shrinking?

Population growth: -2.9% year-over-year. Job growth: +1.6%. Home values changed +2.3% in the past 12 months.

Are people moving to Tompkins County?

Yes — 7.31% of Tompkins County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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