Long Lake, NY is a small town located in Hamilton County, near the Adirondack Mountains. It has a population of around 500 people and offers a peaceful lifestyle with access to numerous outdoor activities. In terms of housing costs, Long Lake is much more affordable than the United States in general; the average two bedroom rent in Long Lake is $1,040 versus $1,430 nationally. Also, groceries are quite reasonably priced; an index of 104 for Long Lake versus 100 for the US shows that you get 4% more purchasing power when buying groceries in Long Lake compared to nationally. There are several local businesses in Long Lake such as Uncle Tom's General Store and The Old Forge Hardware Store which both offer goods and services to the locals. Additionally, there is also a distillery offering locally-made distilled spirits.
Long Lake has an unemployment rate of 6.9%. The US average is 6.0%.
Long Lake has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 5.8%, which is lower than the US average of 33.5%.
Tax Rates for Long Lake
- The Sales Tax Rate for Long Lake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Long 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 Long Lake
- The average income of a Long Lake resident is $40,822 a year. The US average is $28,555 a year.
- The Median household income of a Long Lake resident is $75,368 a year. The US average is $69,021 a year.