One downside of living in Lake Placid, however, is that residents on average have to contend with a long commute, spending on average 32.13 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 population of Lake Placid overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Lake Placid, 23.59% have at least a bachelor's degree.
The per capita income in Lake Placid in 2022 was $24,567, which is low income relative to Florida and the nation. This equates to an annual income of $98,268 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 44.01% 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 German, English, Irish, Jamaican, and Scots-Irish.
In addition, Lake Placid has a lot of people living here who were born outside of the US (32.53%).
The most common language spoken in Lake Placid is English. Other important languages spoken here include Spanish and Italian.
