Saratoga County Insider: Your Best Source for Local Economic Trends

Saratoga County continues to demonstrate strong and well-balanced economic momentum, marked by sustained growth across housing, tourism, employment, and public revenues. Home values have risen nearly 20 percent since 2022, reflecting consistent year-over-year appreciation alongside increased listings and closed sales. The hospitality sector remains resilient, with steady gains in revenue, while labor force participation has grown and unemployment remains low. At the same time, sales tax collections have climbed steadily at both the county and city levels, reinforcing the area’s fiscal health. These positive trends are further strengthened by Saratoga County’s position as a statewide leader in affordability and efficiency, with the lowest property tax rate, lowest per capita spending, and lowest sales tax in New York state.

Looking for more? Be sure to check out the latest Saratoga County Stock Watch, along with analysis of the nation's economic performance provided by our friends at Saratoga Financial Services.

Subscribe and become a Saratoga County Insider today!

Home sale prices continue to rise in 2025

Saratoga County’s median home sales price has increased substantially, rising from $389,000 in 2022 to $466,200 in 2025—a total increase of $77,200 or about 19.8%. This represents significant appreciation in our market. The growth has been consistent year-over-year, with increases of $21,000 (5.4%) from 2022 to 2023, $30,000 (7.3%) from 2023 to 2024, and $26,200 (6.0%) from 2024 to 2025. Also of note is the number of new listings increased 3.9% and closed sales were up 5.3% in 2025 versus 2024.

RevPAR up 18.1% in last four years

Saratoga County lodging facilities reported Revenue Per Available Room at $141.51 in 2025, up 2.9% from the $137.53, in 2024. During the last four years, RevPAR is up 18.1% in total with steady growth each year. In 2025, there was a slight .8% decline in occupancy, but a 3.8% increase in average daily rate and demand was up 4.3%, all versus 2024. With new hotels opening in 2024 and 2025, the supply of available rooms increased 5.2%.

Labor force grows slightly

In December, Saratoga County’s labor force included 126,100 residents, 122,400 who were employed and 3,600 unemployed as of that month. The labor force has risen 3.5% since December of 2022 with both more people employed and unemployed. The labor force number jumped from 2024, in particular when it was 122,600. Our current unemployment rate is 2.9%.

Sales tax collections increase, indicating economic health

In 2025, Saratoga County sales tax collections totaled $181,085,016 million, up 5.8% versus the same time in 2024. Overall, the county saw a 13% increase in sales tax collections from 2022 to 2025, with a gain of roughly $20.8 million more collected. Within the City of Saratoga Springs, sales tax collections during 2025 were $19,787,946, up three percent from the $19,147,764 collected in 2024. Since 2022, sales tax collections in the city were up 17%.

Saratoga County property tax rate lowest in New York State

Of the 57 counties in New York State, Saratoga County has the lowest property tax rate and the lowest per capita spending amount. At 3%, the county's sales tax is also the lowest in our state with sales tax sharing being the third highest, enabling towns and villages to lower or eliminate their one property tax.

2025 Economic Overview

• Artificial intelligence and tariff headlines dominated the narrative in 2025, while inflation and a weakening jobs market were among the top 2025 economic issues.

• The Federal Reserve implemented three 25-basis-point rate cuts in 2025—occurring in September, October, and December—bringing the federal funds rate to a range of 3.50 3.75%. These reductions were driven by a cooling labor market and efforts to reach a neutral rate as inflation moderated.

• At the end of 2025, inflation continued to run at a higher-than-normal pace. However, the final CPI for the year did show that some progress occurred: The overall and core inflation rates of 2.7% were cooler than January’s 3% and 3.3% rates, respectively, BLS data shows.***

• The record-long government shutdown, which ran from Oct. 1 to Nov. 12, prevented federal statisticians from collecting typical inflation data in October.

• The U.S. economy closed out the year in better shape than many forecasters had expected. The job market has softened but unemployment is still fairly low.

Provided by:

Robert Schermerhorn, CFP^®

www.SaratogaRetire.com

(518) 584-2555

18 Division St.-Suite 305, Saratoga Springs, NY 12866

Click Here to sign up for Saratoga Financial Services monthly newsletter

Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. Jamie Isabella is a registered representative with, and securities offered through, LPL Financial, Member FINRA/SIPC.

*Data sourced from Morningstar

**Stock investing includes risks, including fluctuating prices and loss of principal. This is for informational purposes only and not intended to provide specific advice or recommendation for any individual. All performance is historical and is no guarantee of future results.

***cnn.com