Cost of Living in Lime Lake, NY

With a cost of living index of 72, Lime Lake, NY is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 40% below the New York state average of 111. Lime Lake is a small community of 726 residents.

Housing costs are the biggest factor in Lime Lake's cost of living. The median monthly rent is $870 (34% below the US median of $1,319), and the median home value sits at $109,000 (64% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Lime Lake is $43,994, which is 41% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Lime Lake. The area sees an average annual temperature of 46.4°F, with summers averaging 66°F and winters around 26°F. Annual rainfall totals 37.2 inches spread over roughly 172 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.