Caroga Lake, NY is a great place to live and work. The cost of living is significantly lower than the national average with an average two bedroom rent of $950 compared to the US average of $1,430, and a grocery cost index of 99 versus 100 in the US. The area boasts many local businesses that cater to both visitors and locals alike, including The Hub Deli & Grocery Store which offers food items at a fraction of the price found elsewhere. Caroga Lake also has its own brewery, Woodland Valley Brewery & Pub, serving delicious craft beer for those looking for something special. For outdoor recreation adventurers can find all they need at Adirondack Adventure Outfitters. With canoe rentals, camping gear, snowshoes, kayaks and more this family-owned business has something for everyone looking to explore the Adirondacks.
Caroga Lake has an unemployment rate of 7.6%. The US average is 6.0%.
Caroga Lake has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Caroga Lake
- The Sales Tax Rate for Caroga Lake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Caroga Lake is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Caroga Lake
- The average income of a Caroga Lake resident is $23,453 a year. The US average is $28,555 a year.
- The Median household income of a Caroga Lake resident is $49,961 a year. The US average is $69,021 a year.