Everything You Should Know Before Moving to Lake Placid, NY
Considering a move to Lake Placid, NY? With a close-knit community of about 2,200 residents, Lake Placid offers scenic Adirondack living, a median home price of $320,000, and average rents around $1,100. The area is known for its low violent crime rate (120 per 100K), short average commute of 14 minutes, and easy access to outdoor recreation and quality schools. If you enjoy four distinct seasons—including snowy winters—and a relaxed pace, Lake Placid could be your perfect next home.
Demographics - Lake Placid, NY
Demographics - Lake Placid, NY
Lake Placid is home to approximately 2,200 residents, with a predominantly White population and a median age of 45.3 years, reflecting a mature, close-knit community. The town has a balanced gender ratio and a low percentage of non-English speakers, making it a welcoming environment for newcomers.
Population:
2,205
Density:
450 per sq mi
Median Age:
45.3
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
4.3%
Ethnic Composition
White:
90.5%
Black:
2.1%
Asian:
1.3%
Others:
6.1%
Cost Of Living
What is the average cost of living in Lake Placid, NY?
Living in Lake Placid comes with a cost of living index slightly above the national average, driven by a median home value of $320,000 and average rents of $1,100. Essential expenses like utilities and transportation are moderately priced, and state income taxes range from 4% to 8.82%.
Median House Value:
$320,000
Gross Rent:
$1,100
Monthly Electricity Charges:
$125
Auto Insurance:
$1,350
House Owner Cost With Mortgage:
$1,650
House Owner Cost Without Mortgage:
$650
State Taxes:
Low:
4%
|
High:
8.82%
Cost Of Living Index:
110.5
Grocery:
107.2
Housing:
115.4
Utilities:
104.8
Transportation:
112.3
Health Care:
109.8
Miscellaneous:
102.7
Crime
Is Lake Placid, NY a safe place to live?
Lake Placid boasts a very low violent crime rate of 120 per 100,000 residents, offering a reassuringly safe atmosphere for families and individuals. Property crime is also relatively low, with residents facing a 1 in 79 chance, making it a secure choice for relocation.
Violent Crimes Per 100k:
120
Property Crimes Per 100k:
1,260
Crime Index:
1,380
Chance Of Violent Crime:
1 in 833
Chance Of Property Crime:
1 in 79
Weather
What is the weather like in Lake Placid, NY year-round?
Residents enjoy four distinct seasons, with cold, snowy winters and mild summers—winter lows average 6°F while summer highs reach 76°F. The area receives about 39.5 inches of rainfall annually and experiences sunshine nearly half the year, ideal for outdoor enthusiasts.
Winter
Min:
6°F
Max:
27°F
Spring
Min:
28°F
Max:
60°F
Summer
Min:
48°F
Max:
76°F
Fall
Min:
31°F
Max:
60°F
Average Rainfall Inches:
39.5 inches
Sunny Days Percentage:
49%
Neighbors
Lake Placid’s community features a median household income of $60,900 and a poverty rate of 10.8%. Most residents have at least a high school diploma, and the average commute is a short 14 minutes, contributing to a relaxed, neighborly lifestyle.
Median Income:
$36,000
Household Income:
$60,900
Family Income:
$72,100
Per Capita Income:
$33,200
Income Male:
$36,500
Income Female:
$32,000
Poverty Rate:
10.8%
Non English Speakers:
4.3%
Rent:
$1,100
Unemployment Rate:
4.9%
Public Transport Usage:
1.2%
Commute Time:
13.8 minutes
Education
High School or Higher:
93.2%
Bachelors or More:
32.6%
Education
How are the schools in Lake Placid, NY?
Lake Placid offers quality education through its public and private schools, with small class sizes and attentive instruction. For higher education, North Country Community College is just nine miles away, making advanced learning accessible to local students.
Public Schools
Name:
Lake Placid Elementary School
Street:
318 Old Military Rd
Phone:
518-523-3640
Students:
310
Student Teacher Ratio:
9.8
Name:
Lake Placid Junior/Senior High School
Street:
34 School St
Phone:
518-523-2474
Students:
380
Student Teacher Ratio:
10.5
Private Schools
Name:
St. Agnes School
Street:
21 Broad St
Phone:
518-523-3771
Students:
95
Colleges
Name:
North Country Community College
City:
Saranac Lake
State:
NY
Distance:
9 miles
Students:
1,800
Healthcare
Quality healthcare is accessible, with local facilities like the Adirondack Health Center and nearby Adirondack Medical Center, and 92.1% of residents have health insurance. The town offers about 2.1 physicians per 1,000 people, ensuring personalized medical attention in a small-town setting.
Major Hospitals
Name:
Adirondack Health - Lake Placid Health Center
Address:
203 Old Military Rd, Lake Placid, NY 12946
Phone:
(518) 523-1717
Type:
General & Outpatient
Emergency Services:
No
Name:
Adirondack Medical Center
Address:
2233 State Route 86, Saranac Lake, NY 12983
Phone:
(518) 891-4141
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.1
Health Insurance Coverage:
92.1%
Health Care Index:
77.3
Housing Market
What is the housing market like in Lake Placid, NY?
Lake Placid’s housing market is characterized by a median home price of $320,000 and a healthy owner-occupied rate of 51.5%. Homes have appreciated by 6.2% over the past year, and rental vacancies remain reasonable, offering options for both buyers and renters.
Median Home Price:
$320,000
Average Rent For 2 Bedroom:
$1,100
Owner Occupied Rate:
51.5%
Rental Vacancy Rate:
7.8%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
1.1%
Foreclosure Rate:
0.7%
DMV Information
Residents can access DMV services through the New York State Department of Motor Vehicles office located in nearby Saranac Lake. The office provides standard vehicle registration, licensing, and title services for local drivers.
State:
New York
Department:
New York State Department of Motor Vehicles
Address:
518 Lake Flower Ave, Saranac Lake, NY 12983
Phone:
1-518-891-1748
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.