Caroga Lake, NY
Population 496 · New York
About Caroga Lake, NY
Caroga Lake is a small community located in New York with a population of 496 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,295 per year, which is 36% below the national median of $75,149. The median age of 61.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Caroga Lake features a median home value of $116,800, which is 52% below the national median of $244,900. This makes Caroga Lake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 833 total housing units, 89% are owner-occupied (216 units) and 11% are renter-occupied (27 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Caroga Lake shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Caroga Lake have an average one-way commute time of 22.2 minutes.
Education & Demographics
7.3% of Caroga Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.4% Hispanic or Latino, 0.2% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Caroga Lake, NY
Compared to national averages, Caroga Lake has a median household income of $48,295 (36% below the national median of $75,149). Home values average $116,800, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Caroga Lake's income is 50% below the state average of $96,987, and home values are 70% below the state median of $387,181.
Why Live in Caroga Lake, NY?
Caroga Lake offers affordable housing with a median home value of $116,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 7.1%, better than the national average, and short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($48,295) that falls below the national average. However, Caroga Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Caroga Lake has a population of 496 with a median age of 61.9 years. Compare Caroga Lake with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Caroga Lake
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Argyle | 498 | $66,875 | $163,500 | Compare |
| Burdett | 493 | $59,821 | $138,400 | Compare |
| East Nassau | 492 | $58,158 | $209,100 | Compare |
| Shoreham | 502 | $138,125 | $639,300 | Compare |
| Davenport Center | 489 | $52,500 | $121,400 | Compare |
| Marcy | 489 | $64,500 | $305,900 | Compare |
| Brooktondale | 487 | $0 | $434,100 | Compare |
| Schenevus | 505 | $65,417 | $118,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Caroga Lake
What is the population of Caroga Lake, NY?
The population of Caroga Lake, NY is 496 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Caroga Lake?
The median household income in Caroga Lake, NY is $48,295 per year, which is 36% below the national median of $75,149.
What is the median home value in Caroga Lake?
The median home value in Caroga Lake, NY is $116,800, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Caroga Lake?
The median monthly rent in Caroga Lake, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Caroga Lake?
The unemployment rate in Caroga Lake, NY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Caroga Lake, NY a good place to live?
Caroga Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 496 and a median age of 61.9, the city appeals to established professionals and retirees.
How educated is Caroga Lake, NY?
7.3% of residents in Caroga Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Caroga Lake?
Key cost-of-living indicators for Caroga Lake, NY: median home value is $116,800 (52% below national), median rent is $0/month, and median household income is $48,295. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Caroga Lake?
The poverty rate in Caroga Lake, NY is 7.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Caroga Lake, NY?
Caroga Lake's population is 0.0% White, 1.4% Hispanic or Latino, 0.2% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.