Saranac, NY is an ideal place to call home. It offers affordable rent with two bedrooms costing only $990 compared to the U.S. average of $1,430. Groceries are also reasonably priced in Saranac, with a cost index of 104 versus 100 for the rest of the nation. The town boasts many local businesses such as Saranac Lake Lumber Company, Inc., Adirondack Trading Company and Prospect Mountain Dental Arts that provide quality products and services for its residents. Saranac provides a small-town atmosphere with all the amenities of larger cities, making it perfect for people looking for a laid back lifestyle or an outdoor adventure. With tons of public parks and nearby ski resorts, this area is sure to please everyone in the family.
Saranac has an unemployment rate of 6.2%. The US average is 6.0%.
Saranac has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Saranac
- The Sales Tax Rate for Saranac is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Saranac 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 Saranac
- The average income of a Saranac resident is $30,363 a year. The US average is $28,555 a year.
- The Median household income of a Saranac resident is $73,534 a year. The US average is $69,021 a year.