Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Nothing Found
None of the categories scored poorly, resulting in no identified cons for this area.
Saranac Lake, New York is a small-sized city with a population of 5,548 inhabitants. According to the most recent Census, 91% of Saranac Lake residents are White, 4% Black and 2% American Indian and Alaskan. Saranac Lake is very likely to be a great place to live for singles as only 48%, of the population (over fifteen) are classified as married. Not a fan of sitting in traffic during your commute to work? Saranac Lake offers shorter work commutes, with an average one-way commute time taking only 15 minutes, far lower than the national average of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Saranac Lake, New York could be a fulfilling experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Saranac Lake and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, commute, health & safety, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the New York and national averages.
Using data and statistics Saranac Lake has received a livability score of 72 out of 100. This score is ranked in the 83rd percentile when compared to all other cities. If we probe a little deeper into each category within the livability score, we see that Saranac Lake has higher than average rankings for the following: education (B-) and housing (B+).
The unemployment rate in Saranac Lake has consistently declined over the years and currently stands well below the national average at 2.23%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Saranac Lake excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Saranac Lake meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Saranac Lake. Everything else becomes a lot less important if it turns out that home prices in Saranac Lake are simply unattainable. Median real estate prices in Saranac Lake come in at $162,600, which is 43.2% lower than the New York average. The home price to income ratio compares the median home prices to the median household income. In Saranac Lake, the home price to income ratio is 3.2, which is 31.9% lower than the New York average.
| Statistic | Saranac Lake | New York | National |
| Average one way commute | 15min | 33min | 26min |
| Workers who drive to work | 74.4% | 53.0% | 76.4% |
| Workers who carpool | 8.8% | 6.7% | 9.3% |
| Workers who take public transit | 1.2% | 28.0% | 5.1% |
| Workers who bicycle | 1.1% | 0.7% | 0.6% |
| Workers who walk | 7.0% | 6.3% | 2.8% |
| Working from home | 6.7% | 4.0% | 4.6% |
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