Lake Placid Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Lake Placid, New York? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Lake Placid, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Lake Placid is $53,475.00.

The chart below shows the average household income by age in Lake Placid.

  • Under 25
    $4,881.00
  • 25 to 44
    $35,313.00
  • 45 to 64
    $80,893.00
  • 65 and over
    $19,307.00

Average Household Income

A very commonly asked question is "what is the average household income in Lake Placid, New York?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Lake Placid is $73,326.00.

4.90% of households in Lake Placid, New York are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Lake Placid but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Lake Placid

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Lake Placid, New York easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    28.23%
  • $25,000 to $49,999
    19.20%
  • $50,000 to $74,999
    16.22%
  • $75,000 to $99,999
    6.50%
  • $100,000 to $149,999
    20.28%
  • $150,000 to $199,999
    4.67%
  • $200,000 or more
    4.90%

Per Capita Income

The per capita income is the average income of all people in Lake Placid, New York. This is calculated by dividing the total income of all people in Lake Placid by the total number of people in Lake Placid.

It differs from the average or mean household income because it includes all people in Lake Placid and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Lake Placid, New York is $42,199.00.

Population in Lake Placid by Race and Ethnicity

The total population in Lake Placid is currently 2,280 people.

The race and ethnicity of the population in Lake Placid can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Lake Placid, New York.

  • 2.70% White
    62
  • 97.00% Black/African American
    2,211
  • 93.50% Native
    2,132
  • 4.00% Hispanic
    92
  • 0.00% Asian
    0
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.40% Two or more races
    8
  • 0.50% Other
    11

Population of Lake Placid by Age and Gender

Another very important demographics statistic for Lake Placid, New York is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 32 110
10 to 19 Years 110 70
20 to 29 Years 61 248
30 to 39 Years 120 111
40 to 49 Years 97 149
50 to 59 Years 269 249
60 to 69 Years 219 207
70 Years and over 74 154

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Lake Placid, New York.

  • Master's degree or higher
    13.57%
  • Bachelor's degree
    40.87%
  • Some college or associate's degree
    10.10%
  • High school diploma or equivalent
    35.46%
  • Less than high school diploma
    0.00%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Lake Placid because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Lake Placid look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Lake Placid, New York that are over the age of 16.

The current population in Lake Placid that are over the age of 16 is 1,962 people.

The unemployment rate in Lake Placid is 0.00%, which means 0 people are unemployed.

Median Age in Lake Placid

The median age is an interesting metric because it gives us an idea of the age distribution of people in Lake Placid, New York. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Lake Placid is 51.2 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Lake Placid

51.2

Total

54.1

Male

44.4

Female

Households and Families

There are a total of 1,307 households in Lake Placid, and the average household size is 1.72 people.

For families, the total number is 483, and the average family size is 2.46 people.

0.00% of those families in Lake Placid, New York are living below the poverty line.

The table below shows the poverty thresholds for Lake Placid in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Lake Placid, New York for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 373 9 101 824
Average Household Size 2.62 1.78 2.13 1.26
Total Families 373 9 101 0
Average Household Size 2.62 1.78 1.92 0

Housing Data in Lake Placid

There are total of 2,169 housing units in Lake Placid, New York. Of those units, 1,307 (60.26%) are occupied, and 862 (39.74%) are vacant.

Rental Rates

Of the 2,169 housing units in Lake Placid, 583 (26.88%) are occupied by renters. The median rent paid by renters is $938.00.

Owner occupied housing units make up the remaining 33.38% of housing units, with 724 housing units in total.

The table below breaks down how much rent is paid by renters in Lake Placid, New York.

  • No rent paid
    0
  • Less than $500
    133
  • $500 to $999
    195
  • $1,000 to $1,499
    212
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    43
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in Lake Placid is $374,400.00.

The table below breaks down the range of valuations for all properties in Lake Placid.

  • Less than $50,000
    53
  • $50,000 to $99,999
    0
  • $100,000 to $149,999
    55
  • $150,000 to $199,999
    69
  • $200,000 to $299,999
    98
  • $300,000 to $499,999
    263
  • $500,000 to $999,999
    119
  • $1,000,000 or more
    67

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Lake Placid, New York.

  • 1939 or earlier
    535
  • 1940 to 1949
    63
  • 1950 to 1959
    185
  • 1960 to 1969
    158
  • 1970 to 1979
    255
  • 1980 to 1989
    434
  • 1990 to 1999
    203
  • 2000 to 2009
    290
  • 2010 to 2013
    46
  • 2014 or later
    0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Lake Placid has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    237
  • 1 vehicle available
    717
  • 2 vehicles available
    304
  • 3 or more vehicles available
    49

Commuting to Work in Lake Placid

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Lake Placid, New York, how they commute, and how that correlates to other data points.

The average travel time is 17.1 minutes, and the chart below covers the range of travel times across the population of Lake Placid.

  • Less than 5 minutes
    210
  • 5 to 9 minutes
    340
  • 10 to 14 minutes
    95
  • 15 to 19 minutes
    120
  • 20 to 24 minutes
    103
  • 25 to 29 minutes
    76
  • 30 to 34 minutes
    60
  • 35 to 39 minutes
    0
  • 40 to 44 minutes
    0
  • 45 to 59 minutes
    25
  • 60 to 89 minutes
    0
  • 90 or more minutes
    30

We can also look at the means of transport in Lake Placid to see which modes of transport people are using to commute to work.

  • Drove alone
    689
  • Carpooled
    61
  • Public transportation
    4
  • Walked
    255
  • Other means
    50
  • Worked from home
    203

Conclusion

Hopefully this article has given you the demographics data you were looking for in Lake Placid, New York.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Lake Placid.

Link To or Reference This Page

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  • "Lake Placid Average Income, Population and Demographics". NameCensus.com. Accessed on May 23, 2024. https://namecensus.com/demographics/florida/highlands-county/lake-placid/.

  • "Lake Placid Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/florida/highlands-county/lake-placid/. Accessed 23 May, 2024

  • Lake Placid Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/florida/highlands-county/lake-placid/.