Lake Placid, NY
Population 2,159 · New York
About Lake Placid, NY
Lake Placid is a small town located in New York with a population of 2,159 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,556 per year, which is 34% below the national median of $75,149. The median age of 47.9 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 Lake Placid features a median home value of $370,700, which is 51% above the national median of $244,900. This places Lake Placid in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $966, 17% below the national average of $1,163/month. Of the 2,092 total housing units, 57% are owner-occupied (717 units) and 43% are renter-occupied (542 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 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Placid have an average one-way commute time of 15.6 minutes, one of the shorter commutes in the region.
Education & Demographics
46.5% of Lake Placid residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 15.8% of the population being foreign-born.
How Lake Placid Ranks in New York
Cost of Living in Lake Placid, NY
Compared to national averages, Lake Placid has a median household income of $49,556 (34% below the national median of $75,149). Home values average $370,700, which is 51% above the national median. Monthly rent at $966 is 17% below the US average of $1,163. Within New York, Lake Placid's income is 49% below the state average of $96,987, and home values are 4% below the state median of $387,181.
Why Live in Lake Placid, NY?
Lake Placid offers rent that’s lower than the national average at $966/month, and a strong job market with an unemployment rate of just 0.8%, and a well-educated community where 46.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.7%, better than the national average, and short commute times averaging just 15.6 minutes.
Potential considerations include median household income ($49,556) that falls below the national average, and a competitive housing market where the typical home costs $370,700. However, Lake Placid’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Placid has a population of 2,159 with a median age of 47.9 years. Compare Lake Placid with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lake Placid
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Phelps | 2,164 | $65,272 | $162,700 | Compare |
| Greenport West | 2,170 | $74,432 | $770,800 | Compare |
| Washington Mills | 2,148 | $128,571 | $208,500 | Compare |
| Barnum Island | 2,173 | $118,160 | $680,500 | Compare |
| Crompond | 2,144 | $203,080 | $556,500 | Compare |
| Ontario | 2,176 | $52,625 | $189,400 | Compare |
| Bellerose Terrace | 2,180 | $160,443 | $562,700 | Compare |
| Central Square | 2,136 | $67,232 | $191,000 | 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.
Compare Lake Placid With Other Cities
Frequently Asked Questions about Lake Placid
What is the population of Lake Placid, NY?
The population of Lake Placid, NY is 2,159 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Lake Placid?
The median household income in Lake Placid, NY is $49,556 per year, which is 34% below the national median of $75,149.
What is the median home value in Lake Placid?
The median home value in Lake Placid, NY is $370,700, which is 51% 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, NY is $966, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Lake Placid?
The unemployment rate in Lake Placid, NY is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Placid, NY a good place to live?
Lake Placid offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 2,159 and a median age of 47.9, the city appeals to established professionals and retirees.
How educated is Lake Placid, NY?
46.5% of residents in Lake Placid aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Placid?
Key cost-of-living indicators for Lake Placid, NY: median home value is $370,700 (51% above national), median rent is $966/month, and median household income is $49,556. The home-value-to-income ratio is 7.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Lake Placid?
The poverty rate in Lake Placid, NY is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Placid, NY?
Lake Placid's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 0.0% two or more races. 15.8% of residents are foreign-born.