Lake Placid, NY

Census Place

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2023 Population

2,159

5.31% 1-year decline

US Senator

Chuck Schumer

Democratic Party

US Senator

Kirsten Gillibrand

Democratic Party

2023 Median Age

47.9

6.45% 1-year decrease

2023 Poverty Rate

9.65%

19.3% 1-year decrease

2023 Median Household Income

$49,556

7.33% 1-year decline

2023 Median Property Value

$370,700

0.988% 1-year decline

2023 Employed Population

1,161

11.4% 1-year decline

About

In 2023, Lake Placid, NY had a population of 2.16k people with a median age of 47.9 and a median household income of $49,556. Between 2022 and 2023 the population of Lake Placid, NY declined from 2,280 to 2,159, a −5.31% decrease and its median household income declined from $53,475 to $49,556, a −7.33% decrease.

The 5 largest ethnic groups in Lake Placid, NY are White (Non-Hispanic) (93.3%), Other (Non-Hispanic) (2.45%), Two+ (Hispanic) (1.85%), Two+ (Non-Hispanic) (1.53%), and Asian (Non-Hispanic) (0.463%).

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.

91.7% of the residents in Lake Placid, NY are U.S. citizens.

In 2023, the median property value in Lake Placid, NY was $370,700, and the homeownership rate was 56.9%.

Most people in Lake Placid, NY drove alone to work, and the average commute time was 15.6 minutes. The average car ownership in Lake Placid, NY was 2 cars per household.

United States New York Essex County, NY Clinton, Franklin, Essex & Hamilton Counties PUMA, NY

Population & Diversity

Lake Placid, NY is home to a population of 2.16k people, from which 91.7% are citizens. As of 2023, 15.8% of Lake Placid, NY residents were born outside of the country (342 people).

In 2023, there were 38 times more White (Non-Hispanic) residents (2.01k people) in Lake Placid, NY than any other race or ethnicity. There were 53 Other (Non-Hispanic) and 40 Two+ (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

91.7%

2023 Citizenship

88.4%

2022 Citizenship

As of 2023, 91.7% of Lake Placid, NY residents were US citizens, which is lower than the national average of 93.4%. In 2022, the percentage of US citizens in Lake Placid, NY was 88.4%, 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.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Placid, NY

White (Non-Hispanic)
2.01k ± 367
Other (Non-Hispanic)
53 ± 76
Two+ (Hispanic)
40 ± 46.1

2.27%

Hispanic Population

49 people

2.27% of the people in Lake Placid, NY are hispanic (49 people).

The following chart shows the 7 races represented in Lake Placid, NY as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New York.

Most Common Origin

Dominican Republic
505,872 ± 17,239 people
China
415,960 ± 15,668 people
Jamaica
230,433 ± 11,717 people

In 2022, the most common birthplace for the foreign-born residents of New York was Dominican Republic, the natal country of 505,872 New York residents, followed by China with 415,960 and Jamaica with 230,433.

Foreign-Born Population

15.8%

2023 Foreign-Born Population

342 people

18.6%

2022 Foreign-Born Population

424 people

As of 2023, 15.8% of Lake Placid, NY residents (342 people) were born outside of the United States, which is higher than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Lake Placid, NY was 18.6%, 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.

Military

Veterans

Most Common Service Period

Vietnam
78 ± 48
Gulf War (1990s)
47 ± 72
World War II
12 ± 21

Lake Placid, NY has a large population of military personnel who served in Vietnam, 1.66 times greater than any other conflict.

Economy

The economy of Lake Placid, NY employs 1.16k people. The largest industries in Lake Placid, NY are Accommodation & Food Services (236 people), Professional, Scientific, & Technical Services (213 people), and Health Care & Social Assistance (143 people), and the highest paying industries are Arts, Entertainment, & Recreation ($95,385), Professional, Scientific, & Technical Services ($77,865), and Health Care & Social Assistance ($77,768).

Males in New York have an average income that is 1.27 times higher than the average income of females, which is $77,694. The income inequality in New York (measured using the Gini index) is 0.494, which is higher than than the national average.

Employment

Occupations

1.16k

2023 Value

± 269

−11.4%

1 Year decline

± 37.3%

From 2022 to 2023, employment in Lake Placid, NY declined at a rate of −11.4%, from 1.31k employees to 1.16k employees.

The most common job groups, by number of people living in Lake Placid, NY, are Management Occupations (200 people), Sales & Related Occupations (163 people), and Office & Administrative Support Occupations (153 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Placid, NY.

Unemployment Insurance Claims

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

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

1.16k

2023 Value

± 269

−11.4%

1 Year decline

± 37.3%

From 2022 to 2023, employment in Lake Placid, NY declined at a rate of −11.4%, from 1.31k employees to 1.16k employees.

The most common employment sectors for those who live in Lake Placid, NY, are Accommodation & Food Services (236 people), Professional, Scientific, & Technical Services (213 people), and Health Care & Social Assistance (143 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.

Median Earnings by Industry

$70,357

Median earning men ± $23,628

$28,329

Median earning women ± $4,998

The industries with the best median earnings for men in 2023 are Construction ($93,000), Transportation & Warehousing, & Utilities ($75,638), and Finance & Insurance, & Real Estate & Rental & Leasing ($73,698).

The industries with the best median earnings for women in 2023 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($117,755), Educational Services, & Health Care & Social Assistance ($74,348), and Finance & Insurance, & Real Estate & Rental & Leasing ($28,676).

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.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

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

Measure

In 2022, 1.7% of men over 25 years of age had not completed any academic degree (no schooling), while 1.75% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

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

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (4.04M), Bachelors Degree (3.33M), and Some college (2.79M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Lake Placid, NY was $370,700 in 2023, which is 1.22 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $374,400 to $370,700, a 0.988% decrease. The homeownership rate in Lake Placid, NY is 56.9%, which is approximately the same as the national average of 65%.

People in Lake Placid, NY have an average commute time of 15.6 minutes, and they drove alone to work. Car ownership in Lake Placid, NY is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$370,700

Median Property Value 2023

±$74,590

$717

Median Property Taxes

±$191

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.

Rent vs Own

56.9%

Homeownership

2023

70.6%

Homeowners with Mortgage

2023

In 2023, 56.9% of the housing units in Lake Placid, NY were occupied by their owner. This percentage grew from the previous year's rate of 55.4%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

The following map shows all of the places in Lake Placid, NY colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$49,556

Median Household Income

± $35,944

1.26k

Number of Households

± 267

In 2023, the median household income of the 1.26k households in Lake Placid, NY declined from $49,556 from the previous year's value of $53,475.

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.

Wage Distribution

The closest comparable wage GINI for Lake Placid, NY is from New York.

0.494

2022 Wage GINI in New York

0.493

2021 Wage GINI in New York

In 2022, the income inequality in New York was 0.494 according to the GINI calculation of the wage distribution. Income inequality had a 0.125% growth from 2021 to 2022, which means that wage distribution grew somewhat less even. The GINI for New York was higher than than the national average of 0.478. 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.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (51.6%)
Walked (19.8%)
Worked At Home (19%)

In 2023, 51.6% of workers in Lake Placid, NY drove alone to work, followed by those who walked to work (19.8%) and those who worked at home (19%).

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.

Commute Time

15.6 minutes

Average Travel Time

Using averages, employees in Lake Placid, NY have a shorter commute time (15.6 minutes) than the normal US worker (26.6 minutes). Additionally, 2.95% 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.

Car Ownership

2 cars

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 2 cars.

Poverty

Poverty & Diversity

9.65% of the population for whom poverty status is determined in Lake Placid, NY (207 out of 2.15k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 18 - 24, followed by Females 25 - 34 and then Males 65 - 74.

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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

98.7% of the population of Lake Placid, NY has health coverage, with 36.3% on employee plans, 16.2% on Medicaid, 19% on Medicare, 27.2% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Essex County, NY see 2459 patients per year on average, which represents a 6.68% decrease from the previous year (2635 patients). Compare this to dentists who see 3106 patients per year, and mental health providers who see 540 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Essex County, NY.

2,459 to 1

Patient to Primary Care Physician Ratio in Essex County, NY

Primary care physicians in Essex County, NY see an average of 2,459 patients per year. This represents a 6.68% decrease from the previous year (2,635 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Essex County, NY in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 14.5% under 18 years, 23.7% between 18 and 34 years, 40.3% between 35 and 64 years, and 21.5% over 64 years.

By gender, of the total number of insured persons, 43.9% were men and 56.1% were women.

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

Uninsured People

1.34%

Uninsured

36.3%

Employer Coverage

16.2%

Medicaid

19%

Medicare

27.2%

Non-Group

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Lake Placid, NY declined by 9.93% from 1.49% to 1.34%.

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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