Housing costs in Lake Erie Beach?
A typical home costs
$109,700, which is 67.6% less expensive than the national average of
$338,100 and 73.5% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lake Erie Beach costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 73.5% cheaper than the state average of
$1,960.
Can I afford Lake Erie Beach?
To live comfortably in Lake Erie Beach, New York, a minimum annual income of
$20,880 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Lake Erie Beach?
Lake Erie Beach, NY is an affordable place to live in comparison to other cities in the United States. The cost of living index for Lake Erie Beach is currently at 89.5, which is 11.5 points lower than the national average. This means that goods and services cost 11.5 percent less in Lake Erie Beach than they do nationally. With housing prices substantially lower than the national average, living here can be a great deal for those looking to move into the area or expand their current budget. Additionally, with no state income tax and sales tax set at 8%, Lake Erie Beach remains an attractive and affordable place for individuals and families alike to call home.