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Saranac Lake, NY&

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Population
5,727
-5.42% decline
Median Age
43.4
Median Household Income
$43,795
-0.68% decline
Poverty Rate
16.7%
Number of Employees
2,683
-6.48% decline
Median Property Value
$150,800
-6.28% decline

About the photo: Adirondak Park hike in North Elba, NY

Economy

The economy of Saranac Lake, NY employs 2,683 people. The economy of Saranac Lake, NY is specialized in Arts, Entertainment, Recreation; Accommodation & Food Service; and Healthcare & Social Assistance, which employ respectively 2.3; 1.72; and 1.43 times more people than what would be expected in a location of this size. The largest industries in Saranac Lake, NY are Healthcare & Social Assistance (535), Retail trade (422), and Accommodation & Food Service (369), and the highest paying industries are Educational Services ($37,005), Finance & Insurance ($33,594), and Real Estate, Rental & Leasing ($32,462).

Median household income in Saranac Lake, NY is $43,795. Males in Saranac Lake, NY have an average income that is 1.17 times higher than the average income of females, which is $38,583. The income inequality of Saranac Lake, NY (measured using the Gini index) is 0.41 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Saranac Lake, NY. In Franklin County, NY the age groups most likely to have health care coverage are 55-64 and 55-64, men and women, respectively. The location has a 1 to 66 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $8,587. Bronx County, NY has the highest prevalence of homicides of any county in New York.

Coverage

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Showing data across all counties in New York.

Insurance Coverage by Age and Gender

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Diversity

Saranac Lake, NY is home to a population of 5,727 people, from which 98.6% are citizens. The ethnic composition of the population of Saranac Lake, NY is composed of 5,488 White residents (95.8%), 130 Two+ residents (2.27%), 74 Black residents (1.29%), 27 Asian residents (0.47%), and 5 Hispanic residents (0.09%). The most common foreign languages in Saranac Lake, NY are Russian (58 speakers), Spanish (19 speakers), and Chinese (17 speakers), but compared to other places, Saranac Lake, NY has a relative high number of Russian (58 speakers), Other West Germanic (8 speakers), and Polish (8 speakers).

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Education

In 2015 universities in Saranac Lake, NY awarded 314 degrees. The student population of Saranac Lake, NY is skewed towards females, with 87 male students and 227 female students. Most students in Saranac Lake, NY are White (290 and 92.4%), followed by Black or African American (6 and 1.91%), Two or more races (4 and 1.27%), and American Indian (3 and 0.96%). The largest universities in Saranac Lake, NY by number of graduates are North Country Community College (314 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Saranac Lake, NY are Registered Nursing (60 and 19.1%), Humanistic Studies (34 and 10.8%), and Radiation Therapist (18 and 5.73%). The median tuition costs in Saranac Lake, NY are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Saranac Lake, NY is $150,800, which is 0.78 times smaller than the national average of $194,500. Between 2014 and 2015 the median property value decreased from $160,900 to $150,800, a -6.28% increase. The homeownership rate of Saranac Lake, NY is 48.3%, which is lower than the national average of 63.9%. People in Saranac Lake, NY have an average commute time of 15.8 minutes, and they commute by Drove Alone. Car ownership in Saranac Lake, NY is approximately the same as the national average, with an average of 2 cars per household.

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Keep Exploring

United States
nation
New York
state
Essex County
county
Franklin County
county
Malone, NY
metropolitan statistical area
Clinton, Franklin, Essex & Hamilton Counties PUMA, NY
public use microdata area
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