Cost of Living in Otter Lake, NY

With a cost of living index of 94, Otter Lake, NY is slightly more affordable than average. Living here is 6% cheaper than the national average and 17% below the New York state average of 111. Otter Lake is a small community of 109 residents.

The median household income in Otter Lake is $83,750, which is 11% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Otter Lake. The area sees an average annual temperature of 46.6°F, with summers averaging 68°F and winters around 24°F. Annual rainfall totals 43.8 inches spread over roughly 175 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Utica-Rome, 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.