Housing costs in Lake Carmel?
A typical home costs
$332,700, which is 1.6% less expensive than the national average of
$338,100 and 19.6% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lake Carmel costs
$2,120 per month, which is 48.3% more than the national average of
$1,430 and 7.5% more than the state average of
$1,960.
Can I afford Lake Carmel?
To live comfortably in Lake Carmel, New York, a minimum annual income of
$63,720 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Lake Carmel?
The cost of living in Lake Carmel, NY is relatively moderate compared to other areas of the country. The median home cost is around $305,000, which is slightly higher than the national median. However, the overall cost of living index in Lake Carmel is about 17% lower than the national average. This makes it an affordable option for those looking to relocate or purchase a home in the area. Groceries, health care costs and utilities are all moderately priced and within reach of most families. For renters, the median rent for a one-bedroom apartment is around $1,200 per month and two-bedrooms range from $1,500 to $2,000 per month. Overall, the cost of living in Lake Carmel is reasonable and an attractive option for potential homeowners and renters alike.