Home / Select Cities  /  2024 Comparing Hoffman Estates, IL vs. Lake Placid, FL

2024 Compare Cities Economy:
Hoffman Estates, IL vs Lake Placid, FL

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Highlights
- Household income in Lake Placid, is 57% less than it is in Hoffman Estates and is 66% below the National Average.
- Hoffman Estates unemployment rate is 5.4%.
- Lake Placid unemployment rate is 6.2%.

Economy
 Hoffman Estates, ILLake Placid, FLUnited States
 Unemployment Rate5.4%6.2%6.0%
 Recent Job Growth-0.2%0.2%1.6%
 Future Job Growth27.1%30.4%33.5%
 Sales Taxes10.0%7.5%6.2%
 Income Taxes5.0%0.0%4.6%
 Income per Cap.$41,166$21,336$37,638
 Household Income$96,274$41,610$69,021
 Family Median Income$107,736$42,625$85,028
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 Est. Households By Income
 Hoffman Estates, ILLake Placid, FLUnited States
 Income Less Than 15K4.7%15.4%9.4%
 Income between 15K and 20K1.6%1.5%3.8%
 Income between 20K and 30K4.3%21.9%8.1%
 Income between 30K and 40K5.4%5.8%8.0%
 Income between 40K and 50K6.4%21.2%7.6%
 Income between 50K and 60K4.9%7.5%7.2%
 Income between 60K and 75K8.9%5.4%9.6%
 Income between 75K and 100K15.9%5.1%12.8%
 Income between 100K and 150K22.0%11.5%16.3%
 Income between 150K and 200K13.7%1.2%7.8%
 Income greater than 200K12.1%3.6%9.5%
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 Population By Occupation
 Hoffman Estates, ILLake Placid, FLUnited States
 Management, business, finance20.4%6.5%16.4%
 Engineering, computers, science11.3%6.0%6.5%
 Community, social services1.1%2.1%1.8%
 Legal1.3%1.0%1.2%
 Education, library5.1%7.1%6.2%
 Arts, design, media, sports, entertainment2.8%1.3%2.0%
 Healthcare practitioners and technology6.8%0.0%6.2%
 Healthcare support2.0%0.0%3.3%
 Firefighters, law enforcement1.3%6.4%2.1%
 Food preparation, serving4.7%5.6%5.4%
 Building maintenance2.4%12.5%3.6%
 Personal care2.8%2.9%2.6%
 Sales, office, administrative support22.1%20.3%20.9%
 Farming, fishing, forestry0.0%5.8%0.6%
 Construction, extraction, maintenance/repair4.7%9.7%8.1%
 Production, transportation, material moving11.2%12.8%13.1%

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Reviews for Hoffman Estates    3 Reviews

Over 14 years ago

Relative easy access and good services  More

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Hoffman Estates is a good place to live. The best thing is the job market and the availability of good paying jobs. In certain areas housing is reasonably priced for  More

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Over 16 years ago

Hoffman estates growing to greatness is it's motto and ambition. Home of Sears National Headquarters, as well as the newest indoor auditorium the Sears Center, Hoffman  More

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Reviews for Lake Placid    4 Reviews

So, I bought a house in Lake Placid about 7 months ago and so far I love it. Real Estate is very reasonable and plenty of properties to pick from. Seems like prices  More

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Your site states it is not a good time to buy a home in Lake Placid because home prices are down. Wouldn't that be the perfect time to  More

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Over 9 years ago

South Florida definitely has the best weather but that comes with a price. I'm retiring to the wide open spaces of Lake Placid. Cost of living is lower and home prices,  More

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ZIPS IN HOFFMAN ESTATES, ILLINOIS
60169 60192
ZIPS IN LAKE PLACID, FLORIDA
33852

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