Cost of Living in Saranac lake, NY
Housing
The housing market plays a significant role in determining the cost of living in Saranac lake, NY.
- Housing Index: 120.0 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2400 per month
When considering a move to Saranac lake, NY, the housing index of 120.0 suggests that it may be pricier than average compared to other locations. With a median home price of 250000 and average rents at 2200 for apartments and 2400 for houses, affordability may be a concern for budget-conscious buyers and renters. It's important to weigh your financial situation and lifestyle preferences before making the move, as both homeownership and renting in this area could impact your long-term financial health.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Saranac lake, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Saranac lake, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Saranac lake is a financially viable option for your relocation.