Lake Placid, NY

Full City Profile · New York · Essex County County

3.7 /5.0
B+ Good
2,159 Population 1,588/sq mi density
$49,556 Median Income $49,018 per capita
$370,700 Home Value $365,345 Zillow
$966 Median Rent 43.1% income on rent
41°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$49,556 median income, 0.8% unemployment
C
Affordability
2.4 / 5.0
$370,700 home value, $966/mo rent
A+
Education
4.7 / 5.0
46.5% bachelor's degree or higher

Lake Placid, NY

At a Glance

Median Income
$49,556
34% below
$49,018 per capita
Home Value
$370,700
32% above
Zillow: $365,345
Median Rent
$966/mo
17% below
43.1% of income on rent
Bachelor's Degree+
46.5%
38% above
95.3% high school+
Unemployment
0.8%
78% below
0.0% poverty rate
Obesity Rate
33.6%
5% above
12.4% smoking rate
Avg Temperature
41°F

How Lake Placid Compares to the U.S. Average

Each bar shows Lake Placid's value as a percentage of the national average (100% = U.S. avg)

Income
66%
Home Value
132%
Rent
83%
Poverty
0%
Bachelor's
138%
Unemployment
22%
Thin vertical line = U.S. national average (100%)

Is Lake Placid a Good Place to Live?

B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Lake Placid residents earn a median household income of $49,556 , which is 34% below the national average of $75,149. Per capita income is $49,018. The unemployment rate stands at 0.8% (78% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 1,334 business establishments, including 209 restaurants.

Housing & Cost of Living

The median home value in Lake Placid is $370,700 , 32% above the national median of $281,900. Zillow estimates the typical home at $365,345. Median rent is $966/month, with 43.1% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1976.

Education

46.5% of adults in Lake Placid hold a bachelor's degree or higher (38% above the national average). 95.3% have completed high school. Local schools score 5.3/10 in standardized testing.

Climate & Weather

Lake Placid has an average annual temperature of 41°F (5°C). Winters average 15°F in January while summers reach 64°F in July. Annual precipitation totals 43.8 inches. Air quality is rated Good with a median AQI of 41.

Data Overview

People

Population2,159
Median Age47.9 yrs
Density1,588/mi²
Male / Female44% / 56%
Foreign Born15.8%
Veterans8.8%

Economy

A
Median Income$49,556
Per Capita$49,018
Unemployment0.8%
Poverty0.0%
County GDP$2,335M
Avg Weekly Wage$1,127

Housing

C
Home Value$370,700
Rent$966
Ownership56.9%
Zillow$365,345
Housing Units2,169
Rent Burden43.1%

Health

Obesity33.6%
Diabetes8.1%
Smoking12.4%
Heart Disease5.1%
Premature Death7,206/100K

Climate

Avg Temp41°F
Rain43.8 in/yr
AQI41 (Good)
Elevation1,969 ft

Education

A+
Bachelor's+46.5%
High School+95.3%
Graduate+14.7%
School Score5.3/10

Community

2024 VoteR 50% / D 50%
Commute16 min
Broadband92.5%
Internet Speed124 Mbps
EV Stations28
Libraries16

Did You Know?

The median home in Lake Placid was built in 1976.
19.0% work from home.
The nearest airport is Adirondack Regional (13 miles).
The Gini coefficient (income inequality) is 0.449 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
14.7% of the population has a disability.
15.8% of residents are foreign-born.
Average internet download speed is 124 Mbps.
There are 209 restaurants in the area.
The county recorded 2 fatal vehicle crashes.