Saranac Lake, NY, offers a cost of living that is generally lower than the nationwide average. The overall cost of living index for Saranac Lake stands at 92, which is 8% below the national average of 100. This lower cost is primarily driven by housing and transportation, which are 10% and 15% below the national average, respectively. However, groceries and healthcare costs are slightly higher, at 5% and 0% above the national average.
Saranac Lake, NY, offers a cost of living that is generally lower than the nationwide average. The housing index in Saranac Lake stands at 90, which is 10% below the national average. This suggests that housing expenses in Saranac Lake are more affordable compared to the rest of the country. Similarly, the utilities index is 95, indicating that utility costs are 5% lower than the average.
When it comes to groceries, the cost of living in Saranac Lake is slightly higher than the national average. The groceries index is 105, meaning that grocery expenses are 5% higher than the average. Transportation costs in Saranac Lake are also lower, with an index of 85, which is 15% below the national average. Healthcare costs remain on par with the national average, with an index of 100. Miscellaneous costs also reflect a 10% lower expense, with an index of 90. Overall, Saranac Lake offers a cost-effective living environment, particularly in housing and utilities.
