Saranac Lake, New York, or 12983 Saranac Lake as it is commonly known, is a beautiful village located in Adirondack Park. This small town has a population of 5500 people, and offers residents a peaceful atmosphere with lots of natural beauty to admire. The average 2 Bedroom rent in the area is $810 which is much cheaper than the US average of $1430 - making it an attractive place to live for those on a budget. Additionally, the local Grocery Cost Index sits at 106 meaning that food and other necessities are relatively affordable when compared to other areas.
In terms of local businesses, 12983 Saranac Lake offers a variety of shops and services ranging from traditional grocery stores such as Price Chopper Supermarkets to specialty art galleries like Adirondack Artists Guild. Additionally, there are plenty of recreation centers in the area offering activities like fishing and snowmobiling.
When it comes to events, Saranac Lake hosts an array of fun festivals and activities throughout the year like Saranac Thursday Night Music Series or First Night Saranac Lake - an annual New Year's celebration with fireworks displays and live music shows. There are also frequent local competitions like Adirondack Canoe Classic or Battle for the Bay Regatta where visitors can compete for trophies and prizes.
Saranac Lake (zip 12983) has an unemployment rate of 6.5%. The US average is 6.0%.
Saranac Lake (zip 12983) has seen the job market increase by 0.6% 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 Saranac Lake (zip 12983)
- The Sales Tax Rate for Saranac Lake (zip 12983) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Saranac Lake (zip 12983) 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 Lake (zip 12983)
- The average income of a Saranac Lake (zip 12983) resident is $28,685 a year. The US average is $28,555 a year.
- The Median household income of a Saranac Lake (zip 12983) resident is $59,573 a year. The US average is $69,021 a year.