What is the cost of living in Lake Carmel, NY?
According to the most recent data on the cost of living, Lake Carmel has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to New York, Lake Carmel has a cost of living index that's 1.0x higher than New York's index of 121.
The standard of living in Lake Carmel ranks as #127 most affordable out of the 336 places we measured in New York. By definition, that implies Lake Carmel ranks as the #209 most expensive place in the Empire State.
For more reading on life in Lake Carmel, check out:
Lake Carmel Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Lake Carmel. Here is how it fares on each of the criteria:
The Services index in Lake Carmel is 108.
The Groceries index in Lake Carmel is 109.
The Health index in Lake Carmel is 160.
The Housing index in Lake Carmel is 107.
The Transportation index in Lake Carmel is 112.
The Utilities index in Lake Carmel is 111.
| Living Expense | Lake Carmel | New York | National Average |
|---|---|---|---|
| Overall | 124 | 121 | 100 |
| Services | 108 | 105 | 100 |
| Groceries | 109 | 108 | 100 |
| Health | 160 | 143 | 100 |
| Housing | 107 | 112 | 100 |
| Transportation | 112 | 114 | 100 |
| Utilities | 111 | 111 | 100 |
Lake Carmel Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Lake Carmel Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lake Carmel, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lake Carmel is $435,782.
The Median Rent in Lake Carmel is $1,565.
The Median Income in Lake Carmel is $109,243.
The Home Value To Income in Lake Carmel is 4.0x.
The Rent To Monthly Income in Lake Carmel is 0.17x.
| Statistic | Lake Carmel | New York | United States |
|---|---|---|---|
| Median Home Value | $435,782 | $507,794 | $332,700 |
| Median Rent | $1,565 | $1,621 | $1,413 |
| Median Income | $109,243 | $85,974 | $80,734 |
| Home Value To Income | 4.0x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.23x | 0.21x |
Lake Carmel, NY Costs By Category
Detailed Lake Carmel Services costs vs. New York
| Item | Lake Carmel | New York |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $13.76 | $12.13 |
| Bowling | $19.63 | $18 |
| Haircut | $32.33 | $24.26 |
| Beauty Salon | $48.56 | $45.56 |
Detailed Lake Carmel Groceries costs vs. New York
| Item | Lake Carmel | New York |
|---|---|---|
| Ground Beef | $6.34 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $10.07 | $12.09 |
| Beer | $10.62 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Lake Carmel Health costs vs. New York
| Item | Lake Carmel | New York |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed Lake Carmel Transportation costs vs. New York
| Item | Lake Carmel | New York |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed Lake Carmel Utilities costs vs. New York
| Item | Lake Carmel | New York |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
Lake Carmel SnackAbility
Cost Of Living In Cities Around Lake Carmel
The cost of living varies in the cities and towns around Lake Carmel. Here's a quick look at the cost of living in the most populous nearby places:
Peekskill, NY has a cost of living index of 124, 1.0x Lake Carmel.
Jefferson Valley-Yorktown, NY has a cost of living index of 143, 1.2x Lake Carmel.
Bethel, CT has a cost of living index of 125, 1.0x Lake Carmel.
| City | Population | Cost Of Living | Vs. Lake Carmel |
|---|---|---|---|
| Peekskill, NY | 25,625 | 124 | 1.0x |
| Jefferson Valley-Yorktown, NY | 14,154 | 143 | 1.2x |
| Bethel, CT | 11,404 | 125 | 1.0x |
| Myers Corner, NY | 10,877 | 122 | 1.0x |
| Mount Kisco, NY | 10,737 | 142 | 1.1x |
| Mahopac, NY | 9,039 | 134 | 1.1x |
| New Windsor, NY | 8,919 | 116 | 0.9x |
| Wappingers Falls, NY | 5,761 | 116 | 0.9x |
| Lake Mohegan, NY | 5,468 | 144 | 1.2x |
