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Saranac Lake, NY&

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2.76% decline
Median Age
Median Household Income
1.78% decline
Poverty Rate
Number of Employees
7.9% decline
Median Property Value
1.53% decline

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


The economy of Saranac Lake, NY employs 2,471 people. The economy of Saranac Lake, NY is specialized in Arts, Entertainment, Recreation; Educational Services; and Retail trade, which employ respectively 2.66; 1.41; and 1.38 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 (473), Retail trade (396), and Educational Services (325), 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 $43,014. Males in Saranac Lake, NY have an average income that is 1.21 times higher than the average income of females, which is $43,831. The income inequality of Saranac Lake, NY (measured using the Gini index) is 0.441 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.


Clinician to Patient Rates

The closest comparable data for the census place of Saranac Lake, NY is from the county of Franklin County, NY.

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Saranac Lake, NY is home to a population of 5,569 people, from which 99% are citizens. The ethnic composition of the population of Saranac Lake, NY is composed of 5,249 White residents (94.3%), 159 Black residents (2.86%), 69 Two+ residents (1.24%), 41 Native residents (0.74%), and 35 Hispanic residents (0.63%). 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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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 $148,500, which is 0.72 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value decreased from $150,800 to $148,500, a 1.53% increase. The homeownership rate of Saranac Lake, NY is 47.4%, which is lower than the national average of 63.6%. 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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