Lake Carmel, NY Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
Lake Carmel's Overall Cost Of Living
Higher Than The National Average
145 out of 340
In New York
5,222 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Lake Carmel is expensive, while a number below 100 means it's a relatively cheap place to live.

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 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.

For more reading on life in Lake Carmel, check out:

Lake Carmel Cost Of Living Vs. New York

Living Expense Lake Carmel New York National Average
Overall 129 119 100
Services 124 112 100
Groceries 104 110 100
Health 116 102 100
Housing 149 144 100
Transportation 116 105 100
Utilities 131 99 100
For more reading on cost of living around New York, check out:
Lake Carmel Cost of Living Vs. NY

Lake Carmel, NY Housing Cost Breakdown

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.

Median Home Value
Median Rent
Median Income
Statistic Lake Carmel New York United States
Median Home Value $273,500 $325,000 $229,800
Median Rent $1,780 $1,315 $1,096
Median Income $88,666 $71,117 $64,994
Home Value To Income 3.1x 4.6x 3.5x
Rent To Monthly Income 0.24x 0.22x 0.2x

Detailed Lake Carmel Services Costs Vs. New York

Item Lake Carmel New York
Shampoo $0.96 $1.06
Movie $13.09 $10.68
Bowling $18.83 $14.67

Detailed Lake Carmel Groceries Costs Vs. New York

Item Lake Carmel New York
Ground Beef $4.44 $4.22
Fried Chicken $1.42 $1.39
Milk $2.65 $2.05

Detailed Lake Carmel Health Costs Vs. New York

Item Lake Carmel New York
Haircut $32.76 $18.62
Beauty Salon $65.09 $39.05
Toothpaste $2.13 $2.34

Detailed Lake Carmel Transportation Costs Vs. New York

Item Lake Carmel New York
Potatoes $3.98 $3.29
Pizza $9.41 $10.62
Beer $10.04 $9.38
Optometrist $127.5 $108.57
Doctor $118.17 $116.17
Dentist $132.27 $99.13

Detailed Lake Carmel Utilities Costs Vs. New York

Item Lake Carmel New York
Gasoline $2.33 $2.22
Tire Balancing $69.75 $50.07
All Electricity $261.22 $167.67
Phone $178.6 $175.64

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Cost Of Living In Cities Around Lake Carmel

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

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