How many renters in the Village of Saranac Lake, NY pay more than 30% of their income on rent?

35.9% (±11.3 points) of renting households in the Village of Saranac Lake, NY spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

20.7% spend 35% or more.

The median renting household spends 24.5% of its income on rent.

Figures last updated on .

Paying 30% or more
35.9% (±11.3 points)
Paying 35% or more
20.7% (±6.9 points)
Median share of income
24.5% (±2.7 points)

Rent as a share of income in the Village of Saranac Lake

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentVillage of Saranac LakeFranklin CountyNew YorkUnited States
Less than 15%16.6% (±5.7 points)23.3%14.0%12.6%
15% to 19.9%14.9% (±7.3 points)14.1%11.7%12.2%
20% to 24.9%20.5% (±7.9 points)14.8%11.5%12.6%
25% to 29.9%12.1% (±6.1 points)10.3%10.7%11.5%
30% to 34.9%15.2% (±9.0 points)8.6%9.0%9.2%
35% or more20.7% (±6.9 points)28.9%43.1%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

The Village of Saranac Lake against Franklin County, its state and the nation

Estimate (90% margin of error)
Village of Saranac LakeFranklin CountyNew YorkUnited States
Paying 30% or more35.9% (±11.3 points)37.5% (±6.3 points)52.1% (±0.4 points)51.1%
Paying 35% or more20.7% (±6.9 points)28.9% (±5.2 points)43.1% (±0.3 points)41.9%
Median share of income24.5% (±2.7 points)24.2% (±2.0 points)31.2% (±0.3 points)30.6%
Median renter household income$42,336 (±$9,841)$38,729 (±$4,087)$57,803 (±$395)$52,966
Median gross rent$853 (±$29)$843 (±$22)$1,621 (±$7)$1,413

In the Village of Saranac Lake, the share of renters paying 30% or more of income is not measurably different from Franklin County (37.5%).

It is also lower than in New York (52.1%).

It is lower than the national figure (51.1%).

In Franklin County, the Village of Saranac Lake ranks 3 of 6 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 403 of 525.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near the Village of Saranac Lake

Nearest places with a published estimate, compared with the Village of Saranac Lake
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Village of Saranac Lake—35.9% (±11.3 points)—
Town of St. Armand7.0 mi4.3% (±26.4 points)Lower
Village of Lake Placid7.7 mi62.9% (±16.3 points)Higher
Town of Harrietstown8.3 mi33.7% (±12.3 points)Not measurably different
Town of North Elba9.3 mi54.2% (±12.5 points)Higher
Town of Brighton (Franklin County)11 mi16.0% (±40.6 points)Not measurably different
Town of Wilmington12 mi26.5% (±41.9 points)Not measurably different
Town of Franklin (Franklin County)14 mi25.6% (±58.7 points)Not measurably different
Town of Santa Clara17 mi0.0% (±119.9 points)Not measurably different

Nearby places with a measurably lower figure: Town of St. Armand, NY (4.3%).

Nearby places with a measurably higher figure: Village of Lake Placid, NY (62.9%), Town of North Elba, NY (54.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Franklin County, place by place

RankPlaceRenters paying 30% or more of income
1Village of Burke66.7% (±91.4 points)
2Village of Chateaugay47.6% (±20.9 points)
3Village of Saranac Lake35.9% (±11.3 points)
4Village of Malone31.0% (±14.2 points)
5Village of Tupper Lake26.4% (±13.2 points)
6Village of Brushton7.8% (±11.0 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Village of Saranac Lake

Are renters in the Village of Saranac Lake rent-burdened?

35.9% of renting households in the Village of Saranac Lake pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in the Village of Saranac Lake spend on rent?

The median renting household in the Village of Saranac Lake, NY spends 24.5% (±2.7 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Saranac Lake village, New York (place:65233, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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