2025 Compare Cities Economy:
Lake Placid, FL vs Buffalo, MN

Change Cities
Highlights
- Household income in Buffalo, is 78% more than it is in Lake Placid and is 7% above the National Average.
- Lake Placid unemployment rate is 6.2%.
- Buffalo unemployment rate is 4.5%.
 Lake Placid, FLBuffalo, MNUnited States
 Unemployment Rate  Unlock4.5%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth30.4%  Unlock33.5%
 Sales Taxes7.5%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$21,336  Unlock$37,638
 Household Income  Unlock$74,036$69,021
 Family Median Income$42,625  Unlock$85,028
 space
 Est. Households By Income
 Lake Placid, FLBuffalo, MNUnited States
 Income Less Than 15K  Unlock5.9%9.4%
 Income between 15K and 20K1.5%  Unlock3.8%
 Income between 20K and 30K  Unlock8.7%8.1%
 Income between 30K and 40K5.8%  Unlock8.0%
 Income between 40K and 50K  Unlock9.6%7.6%
 Income between 50K and 60K7.5%  Unlock7.2%
 Income between 60K and 75K  Unlock6.5%9.6%
 Income between 75K and 100K5.1%  Unlock12.8%
 Income between 100K and 150K  Unlock20.3%16.3%
 Income between 150K and 200K1.2%  Unlock7.8%
 Income greater than 200K  Unlock6.5%9.5%
 space1
 Population By Occupation
 Lake Placid, FLBuffalo, MNUnited States
 Management, business, finance6.5%  Unlock16.4%
 Engineering, computers, science  Unlock4.0%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library7.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.1%2.0%
 Healthcare practitioners and technology0.0%  Unlock6.2%
 Healthcare support  Unlock2.2%3.3%
 Firefighters, law enforcement6.4%  Unlock2.1%
 Food preparation, serving  Unlock3.8%5.4%
 Building maintenance12.5%  Unlock3.6%
 Personal care  Unlock2.1%2.6%
 Sales, office, administrative support20.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair9.7%  Unlock8.1%
 Production, transportation, material moving  Unlock14.6%13.1%
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

   |    Reply

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

   |    Reply

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

   |    Reply

Start Your Review of Lake Placid

Reviews for Buffalo    1 Reviews

I pay only $525 + elec. for a 1 BR downtown, above one of the downtown stores. Old and certainly not fancy, but convenient and somewhat charming. Most of the places  More

   |    Reply

Start Your Review of Buffalo


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.