Saranac Lake, NY Cost Of Living
Cost Of Living In Saranac Lake, NY Summary
Cost of living in Saranac Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Saranac Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Saranac Lake is 100, with 100 being the average.
The cost of living index in Saranac Lake is 1.0x lower than the national average.
Saranac Lake ranks as the #86 cheapest in New York out of 340.
Saranac Lake ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Saranac Lake is $161,000.
The median income in Saranac Lake is $54,813.
Table Of Contents
Saranac Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Saranac Lake, NY?
According to the most recent data on the cost of living, Saranac Lake has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to New York, Saranac Lake has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Saranac Lake ranks as #86 most affordable out of the 340 places we measured in New York. By definition, that implies Saranac Lake ranks as the #254 most expensive place in the Empire State.
For more reading on life in Saranac Lake, check out:
- Living In Saranac Lake
- Saranac Lake Crime Report
- Search Homes For Sale In Saranac Lake, NY
In New York
In America
Saranac Lake Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Saranac Lake. Here is how it fairs on each of the criteria:
The Services index in Saranac Lake is 102.
The Groceries index in Saranac Lake is 116.
The Health index in Saranac Lake is 99.
The Housing index in Saranac Lake is 77.
The Transportation index in Saranac Lake is 116.
The Utilities index in Saranac Lake is 121.
| Living Expense | Saranac Lake | New York | National Average | |
|---|---|---|---|---|
| Overall | 100 | 126 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 116 | 104 | 100 | |
| Health | 99 | 105 | 100 | |
| Housing | 77 | 175 | 100 | |
| Transportation | 116 | 107 | 100 | |
| Utilities | 121 | 102 | 100 | |
Saranac Lake, 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 2017-2021. The key points are:
The Median Home Value in Saranac Lake is $161,000.
The Median Rent in Saranac Lake is $743.
The Median Income in Saranac Lake is $54,813.
The Home Value To Income in Saranac Lake is 2.9x.
The Rent To Monthly Income in Saranac Lake is 0.16x.
| Statistic | Saranac Lake | New York | United States |
|---|---|---|---|
| Median Home Value | $161,000 | $340,600 | $244,900 |
| Median Rent | $743 | $1,390 | $1,163 |
| Median Income | $54,813 | $75,157 | $69,021 |
| Home Value To Income | 2.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Saranac Lake, NY Costs By Category
Detailed Saranac Lake Services Costs Vs. New York
| Item | Saranac Lake | New York |
|---|---|---|
| Shampoo | $1.21 | $1.06 |
| Movie | $9.75 | $10.68 |
| Bowling | $13.5 | $14.67 |
| Haircut | $23.0 | $18.62 |
| Beauty Salon | $49.0 | $39.05 |
Detailed Saranac Lake Groceries Costs Vs. New York
| Item | Saranac Lake | New York |
|---|---|---|
| Ground Beef | $3.64 | $4.22 |
| Fried Chicken | $1.37 | $1.39 |
| Milk | $2.68 | $2.05 |
| Potatoes | $4.09 | $3.29 |
| Pizza | $10.99 | $10.62 |
| Beer | $10.16 | $9.38 |
| Toothpaste | $2.89 | $2.34 |
Detailed Saranac Lake Health Costs Vs. New York
| Item | Saranac Lake | New York |
|---|---|---|
| Optometrist | $130.0 | $108.57 |
| Doctor | $113.0 | $116.17 |
| Dentist | $94.0 | $99.13 |
Detailed Saranac Lake Transportation Costs Vs. New York
| Item | Saranac Lake | New York |
|---|---|---|
| Gasoline | $2.42 | $2.22 |
| Tire Balancing | $63.0 | $50.07 |
Detailed Saranac Lake Utilities Costs Vs. New York
| Item | Saranac Lake | New York |
|---|---|---|
| All Electricity | $224.57 | $167.67 |
| Phone | $179.83 | $175.64 |
Saranac Lake SnackAbility
/10
Cost Of Living In Cities Around Saranac Lake
The cost of living varies in the cities and towns around Saranac Lake. Here's a quick look at the cost of living in the most populous nearby places:
Burlington, VT has a cost of living index of 118, 1.2x Saranac Lake.
South Burlington, VT has a cost of living index of 120, 1.2x Saranac Lake.
Plattsburgh, NY has a cost of living index of 99, 1.0x Saranac Lake.
| City | Population | Cost Of Living | Vs. Saranac Lake |
|---|---|---|---|
| Burlington, VT | 44,703 | 118 | 1.2x |
| South Burlington, VT | 20,042 | 120 | 1.2x |
| Plattsburgh, NY | 19,969 | 99 | 1.0x |
| Winooski, VT | 8,015 | 111 | 1.1x |
| Shelburne, VT | 6,335 | 120 | 1.2x |
| Malone, NY | 5,396 | 92 | 0.9x |
