Cost of Living in Swan Lake, NY

With a cost of living index of 95, Swan Lake, NY is slightly more affordable than average. Living here is 5% cheaper than the national average and 17% below the New York state average of 111. Swan Lake is a small community of 211 residents.

Housing costs are the biggest factor in Swan Lake's cost of living. The median monthly rent is $1,427 (8% above the US median of $1,319), and the median home value sits at $184,400 (40% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Swan Lake is $61,176, which is 19% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.