Quick facts: Lyons falls, NY

Quick Facts

113.7
Cost of Living
above US average
601
Population
8.32
Crime Rate per 1000
below US average
$55,859
Median Income
below US average
$40,900
Median House Price
above US average
$2943
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,859.

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Income Needed to Buy

βœ“ Affordable
$13k/year
Based on $40,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,859) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $55,859
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lyons falls, NY

Lyons Falls is a quaint village located in Lewis County, New York. Nestled within the scenic Adirondack region, this small town is characterized by its natural beauty and outdoor recreational opportunities. The village is situated along the Black River, providing residents and visitors ample opportunities for fishing, kayaking, and hiking in nearby forests. The population is modest, creating a close-knit community atmosphere. Lyons Falls is rich in history, evident in its historic buildings and local landmarks. The area was once prominent for its paper mills and logging industry, which greatly influenced its development in the 19th and 20th centuries. Local amenities include parks, shops, and small eateries that reflect the charm of rural America. The surrounding landscape is ideal for enjoying seasonal activities, ranging from winter sports like snowmobiling to summer activities such as camping and nature walks. Lyons Falls serves as a peaceful retreat for those seeking to experience the tranquility of upstate New York while enjoying the outdoors.

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