Cost of Living in Long Lake, NY

With a cost of living index of 79, Long Lake, NY is a very affordable place to live. Living here is 21% cheaper than the national average and 32% below the New York state average of 111. Long Lake is a small community of 648 residents.

Housing costs are the biggest factor in Long Lake's cost of living. The median monthly rent is $725 (45% below the US median of $1,319), and the median home value sits at $257,500 (16% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Long Lake is $72,750, which is 3% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Long Lake. The area sees an average annual temperature of 39.7°F, with summers averaging 62°F and winters around 17°F. Annual rainfall totals 36.6 inches spread over roughly 184 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.