2025 Compare Cities Economy:
McDonough, GA vs Lake Placid, FL

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Highlights
- Household income in Lake Placid, is 43% less than it is in McDonough and is 66% below the National Average.
- McDonough unemployment rate is 6.6%.
- Lake Placid unemployment rate is 6.2%.
 McDonough, GALake Placid, FLUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth46.7%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$28,953  Unlock$37,638
 Household Income  Unlock$41,610$69,021
 Family Median Income$76,852  Unlock$85,028
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 Est. Households By Income
 McDonough, GALake Placid, FLUnited States
 Income Less Than 15K  Unlock15.4%9.4%
 Income between 15K and 20K2.3%  Unlock3.8%
 Income between 20K and 30K  Unlock21.9%8.1%
 Income between 30K and 40K10.4%  Unlock8.0%
 Income between 40K and 50K  Unlock21.2%7.6%
 Income between 50K and 60K5.7%  Unlock7.2%
 Income between 60K and 75K  Unlock5.4%9.6%
 Income between 75K and 100K16.7%  Unlock12.8%
 Income between 100K and 150K  Unlock11.5%16.3%
 Income between 150K and 200K5.1%  Unlock7.8%
 Income greater than 200K  Unlock3.6%9.5%
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 Population By Occupation
 McDonough, GALake Placid, FLUnited States
 Management, business, finance14.8%  Unlock16.4%
 Engineering, computers, science  Unlock6.0%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology5.6%  Unlock6.2%
 Healthcare support  Unlock0.0%3.3%
 Firefighters, law enforcement4.0%  Unlock2.1%
 Food preparation, serving  Unlock5.6%5.4%
 Building maintenance1.9%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support21.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock5.8%0.6%
 Construction, extraction, maintenance/repair4.1%  Unlock8.1%
 Production, transportation, material moving  Unlock12.8%13.1%
Reviews for Mcdonough    11 Reviews

Great place to live and u Union grove schools are great. There’s plenty of things to do with a short 30 min drive to Atlanta and traffic is nothing like New York ,  More

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When I moved here a few years ago from the northeast, I was hoping to live the rest of my life in McDonough. I love the warmer climate, especially our spring and fall  More

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Over 6 years ago

I’ve lived here for 4 years. There is nothing to do outside of eat food, watch a movie, or go bowling. There is nothing else to do. Lots of shopping so if you wanna  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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