The small town of Cranberry Lake, NY is a great place to live. The median 2 bedroom rent in this area is $880 per month, which is approximately $550 less than the national average of $1,430 for similar sized apartments. Additionally, the Grocery Cost Index in Cranberry Lake is 97 versus 100 in the US, indicating a slightly lower cost of living compared to other areas across the country.
Residents looking for rental properties in this area can check out local companies such as Cranberry Lake Real Estate or Adirondack Realty for options. These companies have extensive listings for apartments, homes, and other real estate suitable for all budgets. Rent prices depend on factors such as location and size but are generally much more affordable compared to other parts of New York State.
Grocery cost indexes are different from rent costs because they measure relative price levels of consumer goods in an area compared to the national average prices. In Cranberry Lake, the grocery cost index being 97 means that goods here are 3% cheaper than goods purchased elsewhere in the US.
Cranberry Lake (zip 12927) has an unemployment rate of 6.7%. The US average is 6.0%.
Cranberry Lake (zip 12927) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Cranberry Lake (zip 12927)
- The Sales Tax Rate for Cranberry Lake (zip 12927) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cranberry Lake (zip 12927) 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 Cranberry Lake (zip 12927)
- The average income of a Cranberry Lake (zip 12927) resident is $37,793 a year. The US average is $28,555 a year.
- The Median household income of a Cranberry Lake (zip 12927) resident is $53,125 a year. The US average is $69,021 a year.