Lake Placid is a very small town located in the state of Florida. With a population of 2,471 people and nine associated neighborhoods, Lake Placid is the 365th largest community in Florida.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.76% 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.

One downside of living in Lake Placid is that it can take a long time to commute to work. In Lake Placid, the average commute to work is 33.30 minutes, which is quite a bit higher than the national average.

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 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.

Lake Placid also has a high percentage of its population that was born in another country: 29.54%.

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