Housing costs in Saranac Lake?
A typical home costs
$273,700, which is 19.0% less expensive than the national average of
$338,100 and 33.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Saranac Lake costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 145.0% cheaper than the state average of
$1,960.
Can I afford Saranac Lake?
To live comfortably in Saranac Lake, New York, a minimum annual income of
$52,560 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Saranac Lake?
Saranac Lake, NY has a very reasonable cost of living. The median home value is around $170,000, and the median rent is around $850 per month. The utilities are fairly inexpensive as well, averaging about $200 per month. Groceries and dining out also remain relatively affordable in this area. With its great schools, outdoor activities, and thriving businesses, Saranac Lake is an ideal place to live for those looking to enjoy all the benefits of a small town community without breaking the bank.