What is the median household income in Lake Placid, FL?
The median household income in Lake Placid, FL is $47,018 (±$11,553) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,046 a month would take about $41,800 a year at the common guideline of spending no more than 30% of income on rent.
In Lake Placid, the median household income went from $35,993 in 2015–2019 to $47,018 in 2020–2024 (+30.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $47,018 (±$11,553)
- Median renter income
- $33,393 (±$23,242)
- Income to afford median rent
- about $41,800
Income in Lake Placid against Highlands County, its state and the nation
| Lake Placid | Highlands County | Florida | United States | |
|---|---|---|---|---|
| Median household income | $47,018 (±$11,553) | $54,897 (±$2,416) | $74,568 (±$284) | $80,734 |
| Median renter household income | $33,393 (±$23,242) | $35,573 (±$3,555) | $53,617 (±$353) | $52,966 |
| Median owner household income | $64,167 (±$27,012) | $60,883 (±$2,226) | $88,144 (±$469) | $100,009 |
| Median gross rent | $1,046 (±$200) | $1,035 (±$52) | $1,669 (±$5) | $1,413 |
In Lake Placid, median household income is not measurably different from Highlands County ($54,897).
It is also lower than in Florida ($74,568).
It is lower than the national figure ($80,734).
In Highlands County, Lake Placid ranks 1 of 3 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 760 of 846.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Lake Placid
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,046 a month ($12,552 a year) needs an income of about $41,800 a year.
The median renting household in Lake Placid earns $33,393 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $35,993 (±$9,762) | $47,018 (±$11,553) | +30.6% | No measurable change after inflation |
| Median gross rent | $706 (±$86) | $1,046 (±$200) | +48.2% | No measurable change after inflation |
| Median home value | $84,100 (±$32,971) | $261,300 (±$83,404) | +210.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Lake Placid
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lake Placid | — | $47,018 (±$11,553) | — |
| Sebring | 13 mi | $44,184 (±$5,412) | Not measurably different |
| Avon Park | 22 mi | $36,485 (±$4,055) | Not measurably different |
| Zolfo Springs | 29 mi | $60,946 (±$23,253) | Not measurably different |
| Arcadia | 30 mi | $39,677 (±$4,990) | Not measurably different |
| Southeast Arcadia | 31 mi | $60,169 (±$7,932) | Not measurably different |
| Wauchula | 32 mi | $53,013 (±$27,915) | Not measurably different |
| Frostproof | 32 mi | $42,000 (±$7,320) | Not measurably different |
| Okeechobee | 34 mi | $57,044 (±$7,480) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Highlands County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Lake Placid | $47,018 (±$11,553) |
| 2 | Sebring | $44,184 (±$5,412) |
| 3 | Avon Park | $36,485 (±$4,055) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lake Placid
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lake Placid beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Lake Placid, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Lake Placid, and send estimates and invoices from your phone.
Questions about Lake Placid
What is the median household income in Lake Placid?
The median household income in Lake Placid is $47,018 (±$11,553) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lake Placid?
About $41,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,046 a month.
Have incomes in Lake Placid kept up with inflation?
In Lake Placid, the median household income went from $35,993 in 2015–2019 to $47,018 in 2020–2024 (+30.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Lake Placid?
The median renting household in Lake Placid, FL earns $33,393 (±$23,242) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Placid town, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Placid town, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Placid town, Florida
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Placid town, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Placid town, Florida
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Placid town, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Placid town, Florida (place:38625, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lake Placid at a glance
- Median rent in Lake Placid
- Rent by bedrooms in Lake Placid
- Rent burden in Lake Placid
- Renters and owners in Lake Placid
- Home values in Lake Placid
- Property taxes in Lake Placid
- Types of homes in Lake Placid
- Bedrooms in Lake Placid
- Age of homes in Lake Placid
- Heating fuel in Lake Placid
- Commute and cars in Lake Placid
- Crime reported to police in Lake Placid
- Population growth in Lake Placid
- How long people stay in Lake Placid
- Florida landlord and tenant rules
- Housing across Highlands County
- Florida places ranked by median household income
- Housing data for every place in Florida