Cost of Living in Lake Carmel, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
174.9
100 = national avg
+74.9 vs national average
Living Wage (1 Adult)
$76,939
per year
Living Wage (Family of 4)
$181,855
per year
Cost Index by Category
Housing199.4
Food142.8
Transportation185.6
Healthcare134.2
Utilities145.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,655
per month
2 Bedroom
$2,910
per month
The overall cost of living index in Lake Carmel is 174.9, which is 74.9% above the national average. Housing costs are above the national average at an index of 199.4. A single adult needs to earn approximately $76,939 per year to cover basic expenses.