Saranac Lake, NY is a small town located in the Adirondack Mountains of Upstate New York. It has a population of approximately 5,000 people and is known for its vibrant art and music scene. Rent for a two bedroom apartment in Saranac Lake is significantly less than the national average, with an average monthly rent of only $800 compared to the US average of $1,430. In addition to cheaper housing costs, grocery prices are also lower than other parts of the country, with an index score of 106 compared to 100 on the national scale. Local businesses in Saranac Lake include YMCA Adirondack Region, The Wild Center Nature Museum and High Peaks Brewing Company. With low housing costs and cheap grocery items, Saranac Lake offers an affordable cost of living that makes it desirable for people looking to relocate to upstate New York.
Saranac Lake has an unemployment rate of 6.5%. The US average is 6.0%.
Saranac Lake has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Saranac Lake
- The Sales Tax Rate for Saranac Lake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Saranac Lake is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Saranac Lake
- The average income of a Saranac Lake resident is $34,159 a year. The US average is $37,638 a year.
- The Median household income of a Saranac Lake resident is $54,813 a year. The US average is $69,021 a year.