Lake Mohegan, NY Cost Of Living
Cost Of Living In Lake Mohegan, NY Summary
Cost of living in Lake Mohegan research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Mohegan is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake Mohegan is 140, with 100 being the average.
The cost of living index in Lake Mohegan is 1.4x higher than the national average.
Lake Mohegan ranks as the #188 cheapest in New York out of 340.
Lake Mohegan ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Lake Mohegan is $409,800.
The median income in Lake Mohegan is $139,135.
Table Of Contents
Lake Mohegan's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Mohegan, NY?
According to the most recent data on the cost of living, Lake Mohegan has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to New York, Lake Mohegan has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Lake Mohegan ranks as #188 most affordable out of the 340 places we measured in New York. By definition, that implies Lake Mohegan ranks as the #152 most expensive place in the Empire State.
For more reading on life in Lake Mohegan, check out:
- Living In Lake Mohegan
- Search Homes For Sale In Lake Mohegan, NY
In New York
In America
Lake Mohegan Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Lake Mohegan. Here is how it fairs on each of the criteria:
The Services index in Lake Mohegan is 123.
The Groceries index in Lake Mohegan is 106.
The Health index in Lake Mohegan is 116.
The Housing index in Lake Mohegan is 187.
The Transportation index in Lake Mohegan is 116.
The Utilities index in Lake Mohegan is 131.
| Living Expense | Lake Mohegan | New York | National Average | |
|---|---|---|---|---|
| Overall | 140 | 126 | 100 | |
| Services | 123 | 110 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 116 | 105 | 100 | |
| Housing | 187 | 175 | 100 | |
| Transportation | 116 | 107 | 100 | |
| Utilities | 131 | 102 | 100 | |
Lake Mohegan, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lake Mohegan is $409,800.
The Median Rent in Lake Mohegan is $1,910.
The Median Income in Lake Mohegan is $139,135.
The Home Value To Income in Lake Mohegan is 2.9x.
The Rent To Monthly Income in Lake Mohegan is 0.16x.
| Statistic | Lake Mohegan | New York | United States |
|---|---|---|---|
| Median Home Value | $409,800 | $340,600 | $244,900 |
| Median Rent | $1,910 | $1,390 | $1,163 |
| Median Income | $139,135 | $75,157 | $69,021 |
| Home Value To Income | 2.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Mohegan, NY Costs By Category
Detailed Lake Mohegan Services Costs Vs. New York
| Item | Lake Mohegan | New York |
|---|---|---|
| Shampoo | $0.96 | $1.06 |
| Movie | $13.09 | $10.68 |
| Bowling | $18.83 | $14.67 |
| Haircut | $32.76 | $18.62 |
| Beauty Salon | $65.09 | $39.05 |
Detailed Lake Mohegan Groceries Costs Vs. New York
| Item | Lake Mohegan | New York |
|---|---|---|
| Ground Beef | $4.44 | $4.22 |
| Fried Chicken | $1.42 | $1.39 |
| Milk | $2.65 | $2.05 |
| Potatoes | $3.98 | $3.29 |
| Pizza | $9.41 | $10.62 |
| Beer | $10.04 | $9.38 |
| Toothpaste | $2.13 | $2.34 |
Detailed Lake Mohegan Health Costs Vs. New York
| Item | Lake Mohegan | New York |
|---|---|---|
| Optometrist | $127.5 | $108.57 |
| Doctor | $118.17 | $116.17 |
| Dentist | $132.27 | $99.13 |
Detailed Lake Mohegan Transportation Costs Vs. New York
| Item | Lake Mohegan | New York |
|---|---|---|
| Gasoline | $2.33 | $2.22 |
| Tire Balancing | $69.75 | $50.07 |
Detailed Lake Mohegan Utilities Costs Vs. New York
| Item | Lake Mohegan | New York |
|---|---|---|
| All Electricity | $261.22 | $167.67 |
| Phone | $178.6 | $175.64 |
Lake Mohegan SnackAbility
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Cost Of Living In Cities Around Lake Mohegan
The cost of living varies in the cities and towns around Lake Mohegan. Here's a quick look at the cost of living in the most populous nearby places:
Peekskill, NY has a cost of living index of 129, 0.9x Lake Mohegan.
Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.0x Lake Mohegan.
Stony Point, NY has a cost of living index of 137, 1.0x Lake Mohegan.
| City | Population | Cost Of Living | Vs. Lake Mohegan |
|---|---|---|---|
| Peekskill, NY | 25,304 | 129 | 0.9x |
| Jefferson Valley-Yorktown, NY | 14,168 | 146 | 1.0x |
| Stony Point, NY | 12,389 | 137 | 1.0x |
| Hillcrest, NY | 8,667 | 143 | 1.0x |
| Congers, NY | 7,926 | 151 | 1.1x |
| Briarcliff Manor, NY | 7,587 | 175 | 1.2x |
| Pleasantville, NY | 7,469 | 164 | 1.2x |
| Irvington, NY | 6,594 | 171 | 1.2x |
| Wesley Hills, NY | 6,105 | 166 | 1.2x |
| Blauvelt, NY | 5,255 | 164 | 1.2x |
