2025 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 Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth27.8%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$23,821  Unlock$37,638
 Household Income  Unlock$41,610$69,021
 Family Median Income$58,179  Unlock$85,028
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 Est. Households By Income
 Hammond, INLake Placid, FLUnited States
 Income Less Than 15K  Unlock15.4%9.4%
 Income between 15K and 20K4.6%  Unlock3.8%
 Income between 20K and 30K  Unlock21.9%8.1%
 Income between 30K and 40K12.3%  Unlock8.0%
 Income between 40K and 50K  Unlock21.2%7.6%
 Income between 50K and 60K8.5%  Unlock7.2%
 Income between 60K and 75K  Unlock5.4%9.6%
 Income between 75K and 100K12.9%  Unlock12.8%
 Income between 100K and 150K  Unlock11.5%16.3%
 Income between 150K and 200K2.5%  Unlock7.8%
 Income greater than 200K  Unlock3.6%9.5%
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 Population By Occupation
 Hammond, INLake Placid, FLUnited States
 Management, business, finance9.6%  Unlock16.4%
 Engineering, computers, science  Unlock6.0%6.5%
 Community, social services1.0%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library4.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology3.2%  Unlock6.2%
 Healthcare support  Unlock0.0%3.3%
 Firefighters, law enforcement2.1%  Unlock2.1%
 Food preparation, serving  Unlock5.6%5.4%
 Building maintenance4.3%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support20.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock5.8%0.6%
 Construction, extraction, maintenance/repair9.9%  Unlock8.1%
 Production, transportation, material moving  Unlock12.8%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 17 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 19 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 10 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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