2025 Compare Cities Economy:
Lake Placid, FL vs Houghton, MI

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Highlights
- Household income in Houghton, is 41% less than it is in Lake Placid and is 180% below the National Average.
- Lake Placid unemployment rate is 6.2%.
- Houghton unemployment rate is 5.4%.
 Lake Placid, FLHoughton, MIUnited States
 Unemployment Rate  Unlock5.4%6.0%
 Recent Job Growth  Unlock0.6%1.6%
 Future Job Growth30.4%  Unlock33.5%
 Sales Taxes7.5%  Unlock6.2%
 Income Taxes  Unlock4.3%4.6%
 Income per Cap.$21,336  Unlock$37,638
 Household Income  Unlock$24,660$69,021
 Family Median Income$42,625  Unlock$85,028
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 Est. Households By Income
 Lake Placid, FLHoughton, MIUnited States
 Income Less Than 15K  Unlock27.6%9.4%
 Income between 15K and 20K1.5%  Unlock3.8%
 Income between 20K and 30K  Unlock12.9%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  Unlock5.6%9.6%
 Income between 75K and 100K5.1%  Unlock12.8%
 Income between 100K and 150K  Unlock9.7%16.3%
 Income between 150K and 200K1.2%  Unlock7.8%
 Income greater than 200K  Unlock4.2%9.5%
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 Population By Occupation
 Lake Placid, FLHoughton, MIUnited States
 Management, business, finance6.5%  Unlock16.4%
 Engineering, computers, science  Unlock6.9%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library7.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.4%2.0%
 Healthcare practitioners and technology0.0%  Unlock6.2%
 Healthcare support  Unlock6.3%3.3%
 Firefighters, law enforcement6.4%  Unlock2.1%
 Food preparation, serving  Unlock9.3%5.4%
 Building maintenance12.5%  Unlock3.6%
 Personal care  Unlock4.7%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  Unlock7.6%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

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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 Houghton    5 Reviews

Over 10 years ago

Houghton,MI is located in the middle of Lake Superior on the Keweenaw Peninsula. It was a boom town with the copper barons in the late 1800's and today it struggles to  More

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Over 12 years ago

For those who are interested in a laid-back community with low cost of living, rich human history, surrounded by impressive natural beauty, Houghton is the place. The  More

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Over 16 years ago

The 49931 zip code map to display Houghton is misleading. It implies that Isle Royale, isolated in the northern reaches of Lake Superior, is the area covered by this  More

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