Lake Placid, NY

Census Place

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2024 Population
2,306
US Senator
Chuck Schumer
Democratic Party
US Senator
Kirsten Gillibrand
Democratic Party
2024 Median Age
42
12.3% 1-year decrease
2024 Poverty Rate
8.96%
7.19% 1-year decrease
2024 Median Household Income
$41,612
16% 1-year decline
2024 Median Property Value
$400,000
7.9% 1-year growth
2024 Employed Population
1,402
20.8% 1-year growth

About

None of the households in Lake Placid, NY reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

96.1% of the residents in Lake Placid, NY are U.S. citizens.

In 2024, the median property value in Lake Placid, NY was $400,000, and the homeownership rate was 46.2%.

Most people in Lake Placid, NY drove alone to work, and the average commute time was 17.7 minutes. The average car ownership in Lake Placid, NY was 1 car per household.

United StatesNew YorkEssex County, NYClinton, Franklin, Essex & Hamilton Counties PUMA, NY

Population & Diversity

Lake Placid, NY is home to a population of 2.31k people, from which 96.1% are citizens. As of 2024, 9.67% of Lake Placid, NY residents were born outside of the country (223 people).

In 2024, there were 51.1 times more White (Non-Hispanic) residents (2.2k people) in Lake Placid, NY than any other race or ethnicity. There were 43 Other (Non-Hispanic) and 26 Two Races Including Other (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

96.1%
2024 Citizenship
91.7%
2023 Citizenship

As of 2024, 96.1% of Lake Placid, NY residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lake Placid, NY was 91.7%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Lake Placid, NY compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Placid, NY
  1. White (Non-Hispanic)
    2.2k ± 353
  2. Other (Non-Hispanic)
    43 ± 68
  3. Two Races Including Other (Non-Hispanic)
    26 ± 34
0.173%
Hispanic Population
4 people

In 2024, there were 51.1 times more White (Non-Hispanic) residents (2.2k people) in Lake Placid, NY than any other race or ethnicity. There were 43 Other (Non-Hispanic) and 26 Two Races Including Other (Non-Hispanic) residents, the second and third most common ethnic groups.

0.173% of the people in Lake Placid, NY are hispanic (4 people).

The following chart shows the 8 races represented in Lake Placid, NY as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New York.
Most Common Origin
  1. Dominican Republic
    493,200 ± 17,027 people
  2. China
    410,969 ± 15,575 people
  3. Jamaica
    234,174 ± 11,811 people

In 2023, the most common birthplace for the foreign-born residents of New York was Dominican Republic, the natal country of 493,200 New York residents, followed by China with 410,969 and Jamaica with 234,174.

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Foreign-Born Population

9.67%
2024 Foreign-Born Population
223 people
15.8%
2023 Foreign-Born Population
342 people

As of 2024, 9.67% of Lake Placid, NY residents (223 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lake Placid, NY was 15.8%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Lake Placid, NY compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    45 ± 44
  2. Gulf War (1990s)
    37 ± 54
  3. World War II
    13 ± 21

Lake Placid, NY has a large population of military personnel who served in Vietnam, 1.22 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lake Placid, NY.

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Economy

The economy of Lake Placid, NY employs 1.4k people. In 2024, the largest industries in Lake Placid, NY were Professional, Scientific, & Technical Services (238 people), Health Care & Social Assistance (223 people), and Finance & Insurance (148 people), and the highest paying industries were Construction ($65,809), Arts, Entertainment, & Recreation ($62,344), and Professional, Scientific, & Technical Services ($49,762).

Employment

Occupations

1.4k
2024 Value
± 299
20.8%
1 Year growth
± 26.1%

From 2023 to 2024, employment in Lake Placid, NY grew at a rate of 20.8%, from 1.16k employees to 1.4k employees.

The most common job groups, by number of people living in Lake Placid, NY, are Management Occupations (308 people), Sales & Related Occupations (240 people), and Office & Administrative Support Occupations (150 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Placid, NY.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for New York.

This chart shows weekly unemployment insurance claims in New York (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

1.4k
2024 Value
± 299
20.8%
1 Year growth
± 26.1%

From 2023 to 2024, employment in Lake Placid, NY grew at a rate of 20.8%, from 1.16k employees to 1.4k employees.

The most common employment sectors for those who live in Lake Placid, NY, are Professional, Scientific, & Technical Services (238 people), Health Care & Social Assistance (223 people), and Finance & Insurance (148 people). This chart shows the share breakdown of the primary industries for residents of Lake Placid, NY, though some of these residents may live in Lake Placid, NY and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$47,857
Median earning men ± $16,211
$31,896
Median earning women ± $19,594

The industries with the best median earnings for men in 2024 are Arts, Entertainment, & Recreation, & Accommodations & Food Services ($58,750), Construction ($42,159), and Educational Services, & Health Care & Social Assistance ($42,054).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($100,481), Finance & Insurance, & Real Estate & Rental & Leasing ($31,623), and Educational Services, & Health Care & Social Assistance ($26,538).

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Employment by Industry Sector

Data is only available at the state level. Showing data for New York.
Y-Axis
2.74%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 9.56M people employed in New York. This represents a 2.74% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 19.7%.

The following chart shows monthly employment numbers for each industry sector in New York.

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Housing & Living

The median property value in Lake Placid, NY was $400,000 in 2024, which is 1.2 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $370,700 to $400,000, a 7.9% increase. The homeownership rate in Lake Placid, NY is 46.2%, which is lower than the national average of 65.2%.

People in Lake Placid, NY have an average commute time of 17.7 minutes, and they drove alone to work. Car ownership in Lake Placid, NY is lower than the national average, with an average of 1 car per household.

Housing

Property

$400,000
Median Property Value 2024
±$78,614
$688
Median Property Taxes
±$193

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Placid, NY the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Lake Placid, NY compared to it's parent and neighbor geographies.

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Rent vs Own

46.2%
Homeownership
2024
64.8%
Homeowners with Mortgage
2024

In 2024, 46.2% of the housing units in Lake Placid, NY were occupied by their owner. This percentage declined from the previous year's rate of 56.9%.

This chart shows the percentage of owner in Lake Placid, NY compared it's parent and neighboring geographies.

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$41,612
Median Household Income
± $6,360
1.49k
Number of Households
± 315

In 2024, the median household income of the 1.49k households in Lake Placid, NY declined from $41,612 from the previous year's value of $49,556.

The following chart displays the households in Lake Placid, NY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $100k - $125k range.

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Wage Distribution

The closest comparable wage GINI for Lake Placid, NY is from New York.
0.493
2023 Wage GINI in New York
0.494
2022 Wage GINI in New York

In 2023, the income inequality in New York was 0.493 according to the GINI calculation of the wage distribution. Income inequality had a 0.0797% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for New York was higher than than the national average of 0.476. In other words, wages are distributed less evenly in New York in comparison to the national average.

This chart shows the number of workers in New York across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (50.6%)
  2. Worked At Home (21.3%)
  3. Walked (11.5%)

In 2024, 50.6% of workers in Lake Placid, NY drove alone to work, followed by those who worked at home (21.3%) and those who walked to work (11.5%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

17.7 minutes
Average Travel Time

Using averages, employees in Lake Placid, NY have a shorter commute time (17.7 minutes) than the normal US worker (26.4 minutes). Additionally, 3.32% of the workforce in Lake Placid, NY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Placid, NY compares to that of it's neighboring and parent geographies.

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Car Ownership

1 car
Average Number

The following chart displays the households in Lake Placid, NY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Placid, NY have 1 car.

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Poverty

Poverty & Diversity

8.96% of the population for whom poverty status is determined in Lake Placid, NY (206 out of 2.3k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 75+, followed by Females 25 - 34 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Lake Placid, NY is White, followed by Two Or More and Other.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

93.3% of the population of Lake Placid, NY has health coverage, with 41.7% on employee plans, 18.2% on Medicaid, 15.3% on Medicare, 18.2% on non-group plans, and 0% on military or VA plans.

Primary care physicians in New York see 1,245 patients per year on average, which represents a 0% change from the previous year (1,245 patients). Compare this to dentists who see 1205 patients per year, and mental health providers who see 265 patients per year.

By gender, of the total number of insured persons, 47.7% were men and 52.3% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 13.7% under 18 years, 28.4% between 18 and 34 years, 41.2% between 35 and 64 years, and 16.7% over 64 years.

By gender, of the total number of insured persons, 47.7% were men and 52.3% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

6.72%
Uninsured
41.7%
Employer Coverage
18.2%
Medicaid
15.3%
Medicare
18.2%
Non-Group
0%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Lake Placid, NY grew by 400% from 1.34% to 6.72%.

The following chart shows how the percent of uninsured individuals in Lake Placid, NY changed over time compared with the percent of individuals enrolled in various types of health insurance.

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