Saranac Lake, NY

Full City Profile · New York · Franklin County County

4.4 /5.0
A Great
5,099 Population 1,752/sq mi density
$60,494 Median Income $39,013 per capita
$188,900 Home Value $342,794 Zillow
$826 Median Rent 25.6% income on rent
40°F Avg Temperature
A
Overall
4.4 / 5.0
Strong
B+
Economy
3.7 / 5.0
$60,494 median income, 2.7% unemployment
A+
Affordability
4.9 / 5.0
$188,900 home value, $826/mo rent
A
Education
4.4 / 5.0
42.8% bachelor's degree or higher

Saranac Lake, NY

At a Glance

Median Income
$60,494
20% below
$39,013 per capita
Home Value
$188,900
33% below
Zillow: $342,794
Median Rent
$826/mo
29% below
25.6% of income on rent
Bachelor's Degree+
42.8%
27% above
90.6% high school+
Unemployment
2.7%
25% below
12.4% poverty rate
Obesity Rate
37.8%
18% above
13.9% smoking rate
Avg Temperature
40°F

How Saranac Lake Compares to the U.S. Average

Each bar shows Saranac Lake's value as a percentage of the national average (100% = U.S. avg)

Income
80%
Home Value
67%
Rent
71%
Poverty
100%
Bachelor's
127%
Unemployment
75%
Thin vertical line = U.S. national average (100%)

Is Saranac Lake a Good Place to Live?

A
4.4 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Saranac Lake residents earn a median household income of $60,494 , which is 20% below the national average of $75,149. Per capita income is $39,013. The unemployment rate stands at 2.7% (25% below the U.S. rate of 3.6%). 12.4% of residents live below the poverty line. The area is home to 1,108 business establishments, including 113 restaurants.

Housing & Cost of Living

The median home value in Saranac Lake is $188,900 , 33% below the national median of $281,900. Zillow estimates the typical home at $342,794. Median rent is $826/month, with 25.6% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1938.

Education

42.8% of adults in Saranac Lake hold a bachelor's degree or higher (27% above the national average). 90.6% have completed high school. Local schools score 4.5/10 in standardized testing.

Climate & Weather

Saranac Lake has an average annual temperature of 40°F (4°C). Winters average 14°F in January while summers reach 64°F in July. Annual precipitation totals 36.6 inches.

Data Overview

People

Population5,099
Median Age42.0 yrs
Density1,752/mi²
Male / Female54% / 46%
Foreign Born0.7%
Veterans6.2%

Economy

B+
Median Income$60,494
Per Capita$39,013
Unemployment2.7%
Poverty12.4%
County GDP$2,709M
Avg Weekly Wage$1,316

Housing

A+
Home Value$188,900
Rent$826
Ownership47.5%
Zillow$342,794
Housing Units2,815
Rent Burden25.6%

Health

Obesity37.8%
Diabetes8.8%
Smoking13.9%
Heart Disease5.5%
Premature Death7,951/100K

Climate

Avg Temp40°F
Rain36.6 in/yr
Elevation1,544 ft

Education

A
Bachelor's+42.8%
High School+90.6%
Graduate+19.6%
School Score4.5/10

Community

2024 VoteR 55% / D 45%
Commute15 min
Broadband84.0%
Internet Speed123 Mbps
EV Stations17
Libraries5

Did You Know?

The median home in Saranac Lake was built in 1938.
The nearest airport is Adirondack Regional (6 miles).
The Gini coefficient (income inequality) is 0.440 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
13.9% of the population has a disability.
Average internet download speed is 123 Mbps.
There are 113 restaurants in the area.
The county recorded 7 fatal vehicle crashes.