According to the most recent data on the cost of living, Lake Carmel has an overall cost of living index of 129 which is 1.3x higher than the national index of 100.
Compared to only New York, Lake Carmel has a cost of living index that's 1.1x higher than New York's index of 119.
The standard of living in Lake Carmel ranks as #5,224 most affordable out of the 6,418 places we measured in New York. By definition, that implies Lake Carmel ranks as the #1,195 most expensive place in the Empire State.
|Living Expense||Lake Carmel||New York||National Average|
Housing swings affordability the most between places in New York, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Lake Carmel||Peekskill, NY||24,111||129||1.0x||Jefferson Valley-Yorktown, NY||13,786||146||1.1x||Mount Kisco, NY||10,949||143||1.1x||Bethel, CT||10,839||128||1.0x||Myers Corner, NY||9,619||132||1.0x||Mahopac, NY||8,914||139||1.1x||New Windsor, NY||8,866||121||0.9x||Lake Mohegan, NY||5,781||140||1.1x||Wappingers Falls, NY||5,639||121||0.9x|