Lake Placid, FL
Population 2,438 · Florida
About Lake Placid, FL
Lake Placid is a small town located in Florida with a population of 2,438 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,476 per year, which is 39% below the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Placid features a median home value of $253,200, which is 3% above the national median of $244,900. This positions Lake Placid in a moderately priced market relative to the rest of the country. Median monthly rent is $975, 16% below the national average of $1,163/month. Of the 1,277 total housing units, 52% are owner-occupied (558 units) and 48% are renter-occupied (512 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lake Placid shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 28.5%, above the national average of 12.4%. Workers in Lake Placid have an average one-way commute time of 31.6 minutes.
Education & Demographics
23.6% of Lake Placid residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 28.4% White, 6.4% Hispanic or Latino, 3.8% Black or African American, and 10.4% Asian residents, with 32.5% of the population being foreign-born.
Cost of Living in Lake Placid, FL
Compared to national averages, Lake Placid has a median household income of $45,476 (39% below the national median of $75,149). Home values average $253,200, which is 3% above the national median. Monthly rent at $975 is 16% below the US average of $1,163. Within Florida, Lake Placid's income is 40% below the state average of $75,893, and home values are 28% below the state median of $353,675.
Why Live in Lake Placid, FL?
Lake Placid offers rent that’s lower than the national average at $975/month.
Potential considerations include median household income ($45,476) that falls below the national average. However, Lake Placid’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Placid has a population of 2,438 with a median age of 41.1 years. Compare Lake Placid with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Placid
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dunnellon | 2,434 | $40,707 | $179,800 | Compare |
| Pretty Bayou | 2,405 | $83,250 | $279,300 | Compare |
| Cudjoe Key | 2,478 | $84,890 | $707,700 | Compare |
| Belleair Bluffs | 2,394 | $55,688 | $393,100 | Compare |
| Zellwood | 2,484 | $61,875 | $157,600 | Compare |
| Berkshire Lakes | 2,493 | $74,250 | $323,300 | Compare |
| Pelican Marsh | 2,513 | $136,141 | $1,087,800 | Compare |
| Hernando Beach | 2,518 | $86,585 | $458,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Placid With Other Cities
Frequently Asked Questions about Lake Placid
What is the population of Lake Placid, FL?
The population of Lake Placid, FL is 2,438 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Lake Placid?
The median household income in Lake Placid, FL is $45,476 per year, which is 39% below the national median of $75,149.
What is the median home value in Lake Placid?
The median home value in Lake Placid, FL is $253,200, which is 3% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Placid?
The median monthly rent in Lake Placid, FL is $975, which is 16% below the national average of $1,163/month.
What is the unemployment rate in Lake Placid?
The unemployment rate in Lake Placid, FL is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Placid, FL a good place to live?
Lake Placid offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 2,438 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Lake Placid, FL?
23.6% of residents in Lake Placid 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 Lake Placid?
Key cost-of-living indicators for Lake Placid, FL: median home value is $253,200 (3% above national), median rent is $975/month, and median household income is $45,476. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Lake Placid?
The poverty rate in Lake Placid, FL is 28.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Placid, FL?
Lake Placid's population is 28.4% White, 6.4% Hispanic or Latino, 3.8% Black or African American, 10.4% Asian, and 12.0% two or more races. 32.5% of residents are foreign-born.