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2024 Compare Cities Economy:
Lake Placid, FL vs Houghton, MI

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Highlights
- Household income in Houghton, is 41% less than it is in Lake Placid and is 180% below the National Average.
- Lake Placid unemployment rate is 6.2%.
- Houghton unemployment rate is 5.4%.

Economy
 Lake Placid, FLHoughton, MIUnited States
 Unemployment Rate6.2%5.4%6.0%
 Recent Job Growth0.2%0.6%1.6%
 Future Job Growth30.4%23.9%33.5%
 Sales Taxes7.5%6.0%6.2%
 Income Taxes0.0%4.3%4.6%
 Income per Cap.$21,336$20,149$37,638
 Household Income$41,610$24,660$69,021
 Family Median Income$42,625$102,292$85,028
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 Est. Households By Income
 Lake Placid, FLHoughton, MIUnited States
 Income Less Than 15K15.4%27.6%9.4%
 Income between 15K and 20K1.5%12.3%3.8%
 Income between 20K and 30K21.9%12.9%8.1%
 Income between 30K and 40K5.8%6.6%8.0%
 Income between 40K and 50K21.2%6.4%7.6%
 Income between 50K and 60K7.5%3.4%7.2%
 Income between 60K and 75K5.4%5.6%9.6%
 Income between 75K and 100K5.1%6.7%12.8%
 Income between 100K and 150K11.5%9.7%16.3%
 Income between 150K and 200K1.2%4.9%7.8%
 Income greater than 200K3.6%4.2%9.5%
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 Population By Occupation
 Lake Placid, FLHoughton, MIUnited States
 Management, business, finance6.5%6.9%16.4%
 Engineering, computers, science6.0%6.9%6.5%
 Community, social services2.1%0.2%1.8%
 Legal1.0%0.0%1.2%
 Education, library7.1%16.2%6.2%
 Arts, design, media, sports, entertainment1.3%3.4%2.0%
 Healthcare practitioners and technology0.0%7.7%6.2%
 Healthcare support0.0%6.3%3.3%
 Firefighters, law enforcement6.4%2.7%2.1%
 Food preparation, serving5.6%9.3%5.4%
 Building maintenance12.5%6.1%3.6%
 Personal care2.9%4.7%2.6%
 Sales, office, administrative support20.3%16.7%20.9%
 Farming, fishing, forestry5.8%0.0%0.6%
 Construction, extraction, maintenance/repair9.7%5.2%8.1%
 Production, transportation, material moving12.8%7.6%13.1%

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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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Reviews for Houghton    5 Reviews

Over 9 years ago

Houghton,MI is located in the middle of Lake Superior on the Keweenaw Peninsula. It was a boom town with the copper barons in the late 1800's and today it struggles to  More

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Over 11 years ago

For those who are interested in a laid-back community with low cost of living, rich human history, surrounded by impressive natural beauty, Houghton is the place. The  More

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Over 15 years ago

The 49931 zip code map to display Houghton is misleading. It implies that Isle Royale, isolated in the northern reaches of Lake Superior, is the area covered by this  More

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ZIPS IN LAKE PLACID, FLORIDA
33852
ZIPS IN HOUGHTON, MICHIGAN
49931

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