Cost of Living in Lake Placid, NY

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D+
15%
Overall NAT. AVG.
7%
Groceries NAT. AVG.
38%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake Placid New York National
Cost of living115121100
Groceries107106100
Health care105110100
Housing138144100
Transportation106113100
Utilities106112100
Lifestyle & Entertainment105111100
Household Items103106100
Education & Childcare103118100
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Homes For Sale In Lake Placid, NY

property for sale

102 Cottonwood Way

Lake Placid, NY
property for sale

Sentinel Rd

Lake Placid, NY
property for sale

2 Scenic View Dr. DR

Lake Placid, NY
property for sale

11 Lambs Way Lot 3

Lake Placid, NY

Cost Of Living Quick Facts

  • The cost of living in Lake Placid is 4% lower than the New York average
  • The cost of living in Lake Placid is 15% higher than the national average
  • Lake Placid housing is 38% higher than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Lake Placid

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Compare Lake Placid, NY Cost of Living

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$93,238$7,770$2,175$2,797
      Renters$44,150$3,679$1,030$1,325

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Paul Smiths, NY6271055.3%
      Saranac Lake, NY5,6811000.4%
      Wilmington, NY7891088.0%
      Lake Placid, NY2,30411515.2%

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      City Population Cost of Living Index National Avg.
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      Maskinongé, QC2,304n/a 
      Colfax, CA2,30312323.2%
      South Sumter, SC2,3038416.2%
      Lake Placid, NY2,30411515.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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