Lake Placid is a very small village located in the state of New York. With a population of 2,227 people and three associated neighborhoods, Lake Placid is the 560th largest community in New York.

Housing costs in Lake Placid are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New York.

And if you like science, one thing you'll find is that Lake Placid has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.09% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Another notable thing is that Lake Placid is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the village’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

One of the benefits of Lake Placid is that there is very little traffic. The average commute to work is 16.27 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

The education level of Lake Placid ranks among the highest in the nation. Of the 25-and-older adult population in Lake Placid, 43.37% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Lake Placid in 2022 was $42,199, which is middle income relative to New York, and upper middle income relative to the rest of the US. This equates to an annual income of $168,796 for a family of four. However, Lake Placid contains both very wealthy and poor people as well.

The people who call Lake Placid home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Placid residents report their race to be White, followed by Asian. Important ancestries of people in Lake Placid include Irish, German, English, Yugoslavian, and French.

Lake Placid also has a high percentage of its population that was born in another country: 18.60%.

The most common language spoken in Lake Placid is English. Other important languages spoken here include Italian and Slavic languages.