Lake George, NY, has a cost of living index that slightly differs from the nationwide average, which is set at 100. Housing costs are about 15% lower in Lake George, while utilities are roughly 5% higher. This mix results in an overall cost of living that is slightly below the national average.
When combining all categories, the total cost of living index for Lake George is approximately 90. This means residents can expect to spend about 10% less on average compared to the nationwide average. For job seekers considering Lake George, this could present an opportunity for savings in several areas.
The cost of living index in Lake George, NY, paints a favorable picture for those considering relocation or a career change. With a housing index of 85, residents find their home expenses to be 15% below the nationwide average, making housing more affordable. This cost reduction can be particularly beneficial for families or individuals seeking to manage their budgets efficiently.
Furthermore, grocery prices in Lake George stand at 90, which is 10% below the national average of 100. This suggests that day-to-day food expenses can be more manageable here. Utilities also mirror this trend, with an index of 95, showing that utility costs are only 5% above the average. Transportation costs, at 85, are also 15% below the nationwide average, offering savings for those who rely on personal vehicles. While healthcare costs in Lake George are in line with the national average at 100, the miscellaneous category, at 92, reflects a slight 8% reduction from the average. Overall, Lake George presents an appealing environment for cost-conscious residents and job seekers.
