Housing costs in Saranac Lake?
A typical home costs
$296,400, which is 12.3% less expensive than the national average of
$338,100 and 28.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Saranac Lake costs
$810 per month, which is 58.7% cheaper than the national average of
$1,960 and 2.5% cheaper than the state average of
$830.
Can I afford Saranac Lake?
To live comfortably in Saranac Lake (zip 12983), New York, a minimum annual income of
$56,880 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Saranac Lake?
The cost of living in 12983 Saranac Lake, NY is relatively low compared to other parts of the US. The average home price is $168,500, and the median household income is slightly lower than the national average at $48,367. Despite this, there are many opportunities for affordable housing in the area; rent averages around $845 a month for a one-bedroom and $1,058 for a two-bedroom. Additionally, groceries and utilities tend to be on the lower side as well. This makes 12983 Saranac Lake an attractive option for those looking to enjoy all that Upstate New York has to offer while keeping their cost of living manageable.