Cost of Living in Lake Luzerne, NY

With a cost of living index of 89, Lake Luzerne, NY is a very affordable place to live. Living here is 11% cheaper than the national average and 22% below the New York state average of 111. Lake Luzerne is a small community of 1,171 residents.

The median household income in Lake Luzerne is $53,594, which is 29% 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 Lake Luzerne. The area sees an average annual temperature of 45.7°F, with summers averaging 68°F and winters around 23°F. Annual rainfall totals 38.2 inches spread over roughly 133 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Glens Falls, NY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower 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.