What is the Real Cost of Living in Bolton Landing?

What is the Real Cost of Living in Bolton Landing?

New York’s Bolton Landing has the evergreen charm of a nature-esque tourist hotspot but without all the crowds and accompanying noise. The community has been nestled in the Southern Adirondacks since 1799, neighbored by the impressive 32-mile-long Lake George.

Distinguished by its plethora of gorgeous hills and mountains, the area has been a wonderful escape for those who seek a slower, quieter life away from the hustle and bustle of places like New York City. The area has been no stranger to artists, writers, and musicians as a result. Moreover, the welcoming, warm community has utilized Lake George and the surrounding wilderness for businesses, activities, and more.

All of this has made Bolton Landing a prime location to live and own real estate, especially for those who cherish the chance to revel in the region’s multitude of breathtaking views. But how much does it cost to be a part of this amazing community? Here’s an overview of the cost of living in Bolton Landing to determine if this NYC hideaway is the right fit for you.

Purchasing a home in Bolton Landing

The Bolton Landing real estate scene features a wide price range, with listings going from approximately $90,000 to just under $9,000,000. Homes right on the lakefront command the highest price points due to the picturesque views homeowners can experience, as well as the expansive size and luxury features of these alluring properties.

For additional context, the price of Bolton Landing real estate is higher than the median for both the state and Warren County. Thus, owning a home in Bolton Landing trends towards the higher end of costs for purchasing a property. You’ll essentially be paying more for its intimate setting, beautiful surroundings, and endless activities for all ages.

The cost of utilities

In Bolton Landing, plan to pay more than the national average on utilities, which is approximately $430, including heating, water, and more. However, keep in mind that this price can vary significantly depending on the size of your home. Larger homes generally require more extensive heating and cooling and, subsequently, more money. While the costs of phone and internet will depend on the number of people in your home, you can expect to pay around $100 per month.

The cost of groceries

Another crucial factor to plan for ahead of time is — you guessed it — food. Food planning and proper budgeting can not only save you time at the grocery store but also ensure money isn’t spent frivolously.

While Bolton Landing has numerous outstanding restaurants to its name — such as Frederick’s Restaurant with its American classics or the lakeside establishment Algonquin that specializes in steaks, seafood, and more — frequent visits to these dining destinations will empty your wallet faster than cooking at home. For reference, a dinner for two at Frederick’s with drinks and entrees can run you close to $75.

With all this in mind, while there is no set amount on how much you’ll spend on groceries per month in Bolton Landing, expect it to be a bit higher than the national average of $438. The area does not have major grocery chains like Whole Foods or ShopRite, trading them in for local establishments like Bolton Landing Farmers’ Market and Tops Friendly Markets.

Transportation cost

Considering the cost of transportation is also essential; if you plan on living in Bolton Landing, you’re going to want a car to get around with ease. Due to the community’s somewhat isolated nature, a car is the most convenient way to commute or travel on your adventurous outings. The price per gallon of gasoline ranges between $3.75 and $3.90 in Bolton Landing, which is slightly higher than both Upstate New York’s average of $3.67 and New York statewide’s average of $3.58.

For convenience, Bolton Landing does have a trolley in the community, which only costs $1 for adults and is free for children under age 5. The northern route can take you on a scenic route along Route 9N from the Steamboat Dock in Lake George Village up to the Sagamore, while the southern route runs between Lake George Village and Glens Falls. The trolley is available every day from June to Labor Day.

Bolton Landing’s economy at a glance

The location has a modest population size of over 1,200 residents, with the median income being $58,750. Due to Bolton Landing still being well-regarded as a highly frequented tourist destination, the area does have a steady influx of cash that comes in, especially during the summertime when visitors flock to the gorgeous community to see Lake George and enjoy its numerous recreation spots. Bolton Landing’s most prominent industries are service, health care, and arts and recreation.

Make your move to Bolton Landing

If you are intrigued by all that Bolton Landing has to offer, you’ve come to the right place! If you have decided to move to Bolton Landing, it’s critical to team up with a professional as you look into Bolton Landing real estate.

Your trusted agent will have extensive knowledge of the local housing market, and they can connect you with truly stunning properties you’re sure to love. They are well-versed in the legal procedures and paperwork involved in real estate transactions, and they will ensure that you stay on track every step of the way. They will help you find a fantastic home that aligns with both your budget and your must-have list.

The experienced brokers at Sherwood Group, LLC, have an in-depth understanding of the Bolton Landing real estate market. With exceptional customer dedication and a focus on excellence, they have all the necessary tools for any potential homeowner hoping to achieve their dreams. Contact the Sherwood Group today for more information on purchasing a home in Bolton Landing. Before you know it, you can join this incredible community tucked away in the Southern Adirondacks.
Recommended reading: Selling A Home in Bolton Landing

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