2024 Compare Cities Economy:
Hammond, IN vs Lake Placid, FL

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Highlights
- Household income in Lake Placid, is 14% less than it is in Hammond and is 66% below the National Average.
- Hammond unemployment rate is 8.5%.
- Lake Placid unemployment rate is 6.2%.
 Hammond, INLake Placid, FLUnited States
 Unemployment Rate8.5%6.2%6.0%
 Recent Job Growth1.2%0.2%1.6%
 Future Job Growth27.8%30.4%33.5%
 Sales Taxes7.0%7.5%6.2%
 Income Taxes4.7%0.0%4.6%
 Income per Cap.$23,821$21,336$37,638
 Household Income$48,107$41,610$69,021
 Family Median Income$58,179$42,625$85,028
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 Est. Households By Income
 Hammond, INLake Placid, FLUnited States
 Income Less Than 15K14.5%15.4%9.4%
 Income between 15K and 20K4.6%1.5%3.8%
 Income between 20K and 30K10.7%21.9%8.1%
 Income between 30K and 40K12.3%5.8%8.0%
 Income between 40K and 50K9.9%21.2%7.6%
 Income between 50K and 60K8.5%7.5%7.2%
 Income between 60K and 75K11.0%5.4%9.6%
 Income between 75K and 100K12.9%5.1%12.8%
 Income between 100K and 150K11.0%11.5%16.3%
 Income between 150K and 200K2.5%1.2%7.8%
 Income greater than 200K2.0%3.6%9.5%
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 Population By Occupation
 Hammond, INLake Placid, FLUnited States
 Management, business, finance9.6%6.5%16.4%
 Engineering, computers, science4.1%6.0%6.5%
 Community, social services1.0%2.1%1.8%
 Legal1.1%1.0%1.2%
 Education, library4.6%7.1%6.2%
 Arts, design, media, sports, entertainment0.7%1.3%2.0%
 Healthcare practitioners and technology3.2%0.0%6.2%
 Healthcare support4.1%0.0%3.3%
 Firefighters, law enforcement2.1%6.4%2.1%
 Food preparation, serving7.1%5.6%5.4%
 Building maintenance4.3%12.5%3.6%
 Personal care2.9%2.9%2.6%
 Sales, office, administrative support20.4%20.3%20.9%
 Farming, fishing, forestry0.1%5.8%0.6%
 Construction, extraction, maintenance/repair9.9%9.7%8.1%
 Production, transportation, material moving24.8%12.8%13.1%
Reviews for Hammond    3 Reviews

I am a resident of the area, has been my entire life. Growing up there were parts where I was nearly ashamed to be part of this community especially in the early2000's.  More

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Over 16 years ago

Hammond Indiana is within easy commute to Chicago and the Downtown area either by car or train, offering you all the advantages of city living, but not at the city cost.  More

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Over 18 years ago

I've never lived anywhere else, but have traveled to many U. S. cities. Hammond is an average (okay, maybe less than average city). Housing is affordable, although taxes  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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