Housing costs in Lake Mohegan?
A typical home costs
$461,200, which is 36.4% more expensive than the national average of
$338,100 and 11.5% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lake Mohegan costs
$2,190 per month, which is 53.1% more than the national average of
$1,430 and 10.5% more than the state average of
$1,960.
Can I afford Lake Mohegan?
To live comfortably in Lake Mohegan, New York, a minimum annual income of
$88,200 for a family, and
$72,400 for a single person is recommended.
What does A.I. say about Lake Mohegan?
The cost of living in Lake Mohegan, NY is relatively high compared to other areas in the United States. The median home price here is around $400,000 and the median household income is around $66,000. Rent prices can range from $800 to over $3000 depending on size and location. Groceries, transportation, food and entertainment are also more expensive than average in this area due to the higher average income levels. Despite the higher cost of living, many people move here because of its natural beauty and proximity to New York City.