Cost of Living in Beaver Dam Lake, NY

With a cost of living index of 112, Beaver Dam Lake, NY is somewhat more expensive than average. Living here is 12% more expensive than the national average and in line with the New York state average. Beaver Dam Lake is a small community of 3,361 residents.

The median household income in Beaver Dam Lake is $117,700, which is 57% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Beaver Dam Lake. The area sees an average annual temperature of 49.4°F, with summers averaging 70°F and winters around 28°F. Annual rainfall totals 41 inches spread over roughly 145 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Kiryas Joel-Poughkeepsie-Newburgh, NY (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.