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Cost of Living in Caroga Lake, NY

Population: 496 | New York

86
Cost of Living Index
US Average = 100

Caroga Lake is 14% less expensive than the national average.

100
Housing
38
Home Values
103
Regional Price

Cost of Living in Caroga Lake, NY: What You Need to Know

With a cost of living index of 86, Caroga Lake, NY is a very affordable place to live. Living here is 14% cheaper than the national average and 26% below the New York state average of 111. Caroga Lake is a small community of 496 residents.

The median household income in Caroga Lake is $48,295, which is 36% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Caroga Lake. The area sees an average annual temperature of 49.4°F, with summers averaging 71°F and winters around 27°F. Annual rainfall totals 40.7 inches spread over roughly 139 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.

Income

Median Household Income
$48,295
vs US Median ($75,149)
-36%

Housing

Median Home Value
$116,800
Median Monthly Housing Cost
$784/mo

Climate in Caroga Lake

NOAA 30-year normals (1991-2020)

49.4°F
Avg Temperature
40.7"
Rainfall / Year
139d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 33 36 45 59 71 79 84 82 74 62 49 38
Avg °F 24 27 36 48 60 68 73 71 64 51 41 30
Low °F 16 18 26 37 48 57 62 61 53 41 32 23
Rain" 2.6 2.3 3.1 3.1 3.4 4.1 4.6 3.8 3.7 3.9 3.0 3.3

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