Saranac Lake, NY Profile: Facts & Data

Saranac Lake, New York - Basic Facts

The Village of Saranac Lake had a population of 4,903 as of July 1, 2024.

The primary coordinate point for Saranac Lake is located at latitude 44.3295 and longitude -74.1313 in Franklin County. The formal boundaries for the Village of Saranac Lake encompass a land area of 2.78 sq. miles and a water area of 0.25 sq. miles. Franklin County is in the Eastern time zone (GMT -5).

While the primary coordinates for Village of Saranac Lake are located in Franklin County, it should be noted that the formal boundaries for this community also extend into and Essex County.

The Village of Saranac Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Saranac Lake is located within Town of Harrietstown, a minor civil division (MCD) of Franklin County.

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Saranac Lake, NY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,903 (100%)
Population in Households	4,791 (97.7%)
Population in Families	2,942 (60.0%)
Population in Group Quarters¹	112 ( 2.3%)
Population Density	1,684
Diversity Index²	25


INCOME
Median Household Income	$60,001
Average Household Income	$81,914
% of Income for Mortgage⁴	21%
Per Capita Income	$41,422
Wealth Index⁵	61
Socioeconomic Status Index⁶	Moderate (47.3)

HOUSING
Total HU (Housing Units)	2,965 (100%)
Owner Occupied HU	1,197 (40.4%)
Renter Occupied HU	1,281 (43.2%)
Vacant Housing Units	487 (16.4%)
Median Home Value	$196,645
Average Home Value	$325,627
Housing Affordability Index³	110

HOUSEHOLDS
Total Households	2,478
Average Household Size	1.93
Family Households	1,087
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,965 (100%)

Owner Occupied HU

1,197 (40.4%)

Renter Occupied HU

1,281 (43.2%)

Vacant Housing Units

487 (16.4%)

Median Home Value

$196,645

Average Home Value

$325,627

Housing Affordability Index³

110

HOUSEHOLDS

Total Households

2,478

Average Household Size

1.93

Family Households

1,087

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.08%	-0.05%
Households	0.59%	0.61%
Families		0.35%
Median Household Income		1.62%
Per Capita Income		3.05%
Owner Occupied HU		1.57%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.08%

-0.05%

Households

0.59%

0.61%

Families

0.35%

Median Household Income

1.62%

Per Capita Income

3.05%

Owner Occupied HU

1.57%

Saranac Lake, NY - Peer Comparisons by Rank and Percentile

The table below compares Saranac Lake to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 365	72nd
Population Density	# 490	62nd
Median Household Income	# 1019	21st
Housing Affordability Index	# 820	63rd
Per Capita Income	# 751	42nd
Diversity Index	# 851	34th

Variable Description

Rank

Percentile

Total Population

# 365

72nd

Population Density

# 490

62nd

Median Household Income

# 1019

21st

Housing Affordability Index

# 820

63rd

Per Capita Income

# 751

42nd

Diversity Index

# 851

34th

New York Census Data Comparison Tool

Saranac Lake, NY Profile: Facts & Data

Saranac Lake, New York - Basic Facts

Saranac Lake, NY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Saranac Lake, NY - Peer Comparisons by Rank and Percentile

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