How many renters in the Village of Lake Placid, NY pay more than 30% of their income on rent?

Name: Rent burden in the Village of Lake Placid, NY, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

62.9% (±16.3 points) of renting households in the Village of Lake Placid, NY spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

61.7% spend 35% or more.

The median renting household spends 40.1% of its income on rent.

Figures last updated on November 12, 2026.

Paying 30% or more: 62.9% (±16.3 points)
Paying 35% or more: 61.7% (±16.2 points)
Median share of income: 40.1% (±7.0 points)

Rent as a share of income in the Village of Lake Placid

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	Village of Lake Placid	Essex County	New York	United States
Less than 15%	16.7% (±11.5 points)	18.9%	14.0%	12.6%
15% to 19.9%	11.7% (±8.8 points)	10.2%	11.7%	12.2%
20% to 24.9%	2.6% (±3.5 points)	11.4%	11.5%	12.6%
25% to 29.9%	6.2% (±7.7 points)	12.5%	10.7%	11.5%
30% to 34.9%	1.2% (±2.2 points)	5.4%	9.0%	9.2%
35% or more	61.7% (±16.2 points)	41.6%	43.1%	41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

The Village of Lake Placid against Essex County, its state and the nation

Estimate (90% margin of error)
	Village of Lake Placid	Essex County	New York	United States
Paying 30% or more	62.9% (±16.3 points)	47.0% (±6.4 points)	52.1% (±0.4 points)	51.1%
Paying 35% or more	61.7% (±16.2 points)	41.6% (±5.8 points)	43.1% (±0.3 points)	41.9%
Median share of income	40.1% (±7.0 points)	28.8% (±2.6 points)	31.2% (±0.3 points)	30.6%
Median renter household income	$36,596 (±$7,821)	$38,928 (±$3,474)	$57,803 (±$395)	$52,966
Median gross rent	$1,102 (±$93)	$934 (±$69)	$1,621 (±$7)	$1,413

In the Village of Lake Placid, the share of renters paying 30% or more of income is not measurably different from Essex County (47.0%).

It is not measurably different from New York (52.1%).

It is not measurably different from the national figure (51.1%).

Statewide, it ranks 103 of 525.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near the Village of Lake Placid

Nearest places with a published estimate, compared with the Village of Lake Placid
Place	Distance	Renters paying 30% or more of income	Compared with this place
Village of Lake Placid	—	62.9% (±16.3 points)	—
Town of North Elba	6.1 mi	54.2% (±12.5 points)	Not measurably different
Town of St. Armand	6.4 mi	4.3% (±26.4 points)	Lower
Town of Wilmington	7.7 mi	26.5% (±41.9 points)	Not measurably different
Village of Saranac Lake	7.7 mi	35.9% (±11.3 points)	Lower
Town of Harrietstown	12 mi	33.7% (±12.3 points)	Lower
Town of Keene	12 mi	36.4% (±61.4 points)	Not measurably different
Town of Jay	16 mi	27.4% (±20.4 points)	Lower
Town of Franklin (Franklin County)	17 mi	25.6% (±58.7 points)	Not measurably different

Nearby places with a measurably lower figure: Town of St. Armand, NY (4.3%), Village of Saranac Lake, NY (35.9%), Town of Harrietstown, NY (33.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Village of Lake Placid

Are renters in the Village of Lake Placid rent-burdened?

62.9% of renting households in the Village of Lake Placid pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in the Village of Lake Placid spend on rent?

The median renting household in the Village of Lake Placid, NY spends 40.1% (±7.0 points) of its household income on gross rent.

Sources

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 village, New York (place:40761, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

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.