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.
As is often the case in a small town, Lake Placid doesn't have a public transportation system that people use for their commute.
The citizens of Lake Placid are slightly better educated than the national average of 21.84% for all cities and towns, with 21.40% of adults in Lake Placid having a bachelor's degree or advanced 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.
In addition, Lake Placid has a lot of people living here who were born outside of the US (29.54%).
The most common language spoken in Lake Placid is English. Other important languages spoken here include Spanish and Italian.
