One downside of living in Lake Placid, however, is that residents on average have to contend with a long commute, spending on average 33.30 minutes every day commuting to work.
Being a small town, Lake Placid does not have a public transit system used by locals to get to and from work.
The education level of Lake Placid citizens is a little higher than the average for US cities and towns: 21.40% of adults in Lake Placid have at least a bachelor's degree.
The per capita income in Lake Placid in 2022 was $26,238, which is lower middle income relative to Florida and the nation. This equates to an annual income of $104,952 for a family of four. However, Lake Placid contains both very wealthy and poor people as well.
Lake Placid is an extremely ethnically-diverse town. The people who call Lake Placid home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Lake Placid, accounting for 42.57% of the town’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Lake Placid residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lake Placid include English, German, Jamaican, Irish, and Scots-Irish.
Foreign born people are also an important part of Lake Placid's cultural character, accounting for 29.54% of the town’s population.
The most common language spoken in Lake Placid is English. Other important languages spoken here include Spanish and Italian.
