2025 Compare Cities Economy:
Lake Placid, FL vs Franklin, NC

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Highlights
- Household income in Franklin, is 13% less than it is in Lake Placid and is 91% below the National Average.
- Lake Placid unemployment rate is 6.2%.
- Franklin unemployment rate is 4.2%.
 Lake Placid, FLFranklin, NCUnited States
 Unemployment Rate  Unlock4.2%6.0%
 Recent Job Growth  Unlock1.0%1.6%
 Future Job Growth30.4%  Unlock33.5%
 Sales Taxes7.5%  Unlock6.2%
 Income Taxes  Unlock5.3%4.6%
 Income per Cap.$21,336  Unlock$37,638
 Household Income  Unlock$36,158$69,021
 Family Median Income$42,625  Unlock$85,028
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 Est. Households By Income
 Lake Placid, FLFranklin, NCUnited States
 Income Less Than 15K  Unlock11.8%9.4%
 Income between 15K and 20K1.5%  Unlock3.8%
 Income between 20K and 30K  Unlock20.8%8.1%
 Income between 30K and 40K5.8%  Unlock8.0%
 Income between 40K and 50K  Unlock6.4%7.6%
 Income between 50K and 60K7.5%  Unlock7.2%
 Income between 60K and 75K  Unlock10.9%9.6%
 Income between 75K and 100K5.1%  Unlock12.8%
 Income between 100K and 150K  Unlock6.4%16.3%
 Income between 150K and 200K1.2%  Unlock7.8%
 Income greater than 200K  Unlock1.4%9.5%
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 Population By Occupation
 Lake Placid, FLFranklin, NCUnited States
 Management, business, finance6.5%  Unlock16.4%
 Engineering, computers, science  Unlock3.4%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library7.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.6%2.0%
 Healthcare practitioners and technology0.0%  Unlock6.2%
 Healthcare support  Unlock3.8%3.3%
 Firefighters, law enforcement6.4%  Unlock2.1%
 Food preparation, serving  Unlock15.6%5.4%
 Building maintenance12.5%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support20.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock1.5%0.6%
 Construction, extraction, maintenance/repair9.7%  Unlock8.1%
 Production, transportation, material moving  Unlock7.3%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

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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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Reviews for Franklin    4 Reviews

Great mountain town. Friendly people and lots to do.  More

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Over 10 years ago

I agree with some of the posts on here saying that Franklin is more than willing to take your money, but it's difficult to fit in if you 'aren't from around here, are  More

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Franklin will welcome you if you are a vacationer but move here and it is a whole different story. We are one of those families that would vacation here every year and  More

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