2026 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%.
 Hoffman Estates, ILLake Placid, FLUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth27.1%  Unlock33.5%
 Sales Taxes10.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$41,166  Unlock$37,638
 Household Income  Unlock$41,610$69,021
 Family Median Income$107,736  Unlock$85,028
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 Est. Households By Income
 Hoffman Estates, ILLake Placid, FLUnited States
 Income Less Than 15K  Unlock15.4%9.4%
 Income between 15K and 20K1.6%  Unlock3.8%
 Income between 20K and 30K  Unlock21.9%8.1%
 Income between 30K and 40K5.4%  Unlock8.0%
 Income between 40K and 50K  Unlock21.2%7.6%
 Income between 50K and 60K4.9%  Unlock7.2%
 Income between 60K and 75K  Unlock5.4%9.6%
 Income between 75K and 100K15.9%  Unlock12.8%
 Income between 100K and 150K  Unlock11.5%16.3%
 Income between 150K and 200K13.7%  Unlock7.8%
 Income greater than 200K  Unlock3.6%9.5%
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 Population By Occupation
 Hoffman Estates, ILLake Placid, FLUnited States
 Management, business, finance20.4%  Unlock16.4%
 Engineering, computers, science  Unlock6.0%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library5.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology6.8%  Unlock6.2%
 Healthcare support  Unlock0.0%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock5.6%5.4%
 Building maintenance2.4%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock5.8%0.6%
 Construction, extraction, maintenance/repair4.7%  Unlock8.1%
 Production, transportation, material moving  Unlock12.8%13.1%
Reviews for Hoffman Estates    3 Reviews

Over 16 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 18 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 11 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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