Cost of Living in Rainbow lake, NY
Housing
The housing market plays a significant role in determining the cost of living in Rainbow lake, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
Analyzing the current housing data for Rainbow lake, NY, the lack of values indicates that the real estate market may be developing or stagnant, with a 118.8 housing index of 0. This suggests potential investors or renters will find limited information on typical housing costs. With a median home price of 0, and no listed average rents for a 2BR apartment or house, it's imperative to investigate local market trends further. Additionally, assessing employment prospects and local amenities will be crucial for making an informed decision about relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rainbow lake, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Rainbow lake, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Rainbow lake is a financially viable option for your relocation.