Lake Luzerne, NY is an attractive destination for renters looking for a more affordable option than other areas. According to data from the US, 2 bedroom rent in Lake Luzerne is $1,260 compared to an average of $1,430 for the 2 bedroom rental market across the country. The Grocery Cost Index in Lake Luzerne is also slightly lower than 100 in comparison to the US at 102. The town's small population boosts its appeal as a quieter and less busy area despite being close to larger cities such as Albany. Local businesses such as Saratoga Garage Doors & Openers LLC, Platinum Pool Care LLC, and Taft Painting & Contracting Inc are some of the most popular companies in Lake Luzerne that many residents turn to for their daily needs.
Lake Luzerne has an unemployment rate of 7.1%. The US average is 6.0%.
Lake Luzerne has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Lake Luzerne
- The Sales Tax Rate for Lake Luzerne is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Luzerne 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 Lake Luzerne
- The average income of a Lake Luzerne resident is $26,413 a year. The US average is $28,555 a year.
- The Median household income of a Lake Luzerne resident is $55,459 a year. The US average is $69,021 a year.