Lake Placid, NY, shows a higher cost of living index in some areas compared to the nationwide average. Housing costs stand at 110, which means they are 10% higher than the average. While groceries and transportation also fall at 95, utilities, healthcare, and miscellaneous items align closely with the national average.
Despite these fluctuations, Lake Placid offers a balanced cost of living experience. Job seekers can find housing and groceries slightly more expensive, but utilities, healthcare, and other costs match the nationwide average, making it a competitive choice for relocation.
In Lake Placid, NY, the cost of living varies from the nationwide average, with several expenses showing distinct differences. The housing index stands at 110, which means housing costs about 10% more than the national average. People looking to rent or buy in Lake Placid should expect their housing expenses to be higher.
Other costs in Lake Placid also differ from the national average. Groceries cost 95, indicating a 5% decrease from the nationwide average. Utilities are slightly higher, with an index of 102, which represents a 2% increase. Transportation costs, however, mirror the national average at 95, suggesting no significant difference. Healthcare stands at 97, which is a 3% drop from the national average. Overall, Lake Placid's cost of living index reflects a mixed picture, with some categories higher and others lower than the national norm.
