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

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Highlights
- Household income in Lake Placid, is 61% less than it is in Troy and is 66% below the National Average.
- Troy unemployment rate is 2.9%.
- Lake Placid unemployment rate is 6.2%.
 Troy, MILake Placid, FLUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth39.6%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$51,031  Unlock$37,638
 Household Income  Unlock$41,610$69,021
 Family Median Income$131,044  Unlock$85,028
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 Est. Households By Income
 Troy, MILake Placid, FLUnited States
 Income Less Than 15K  Unlock15.4%9.4%
 Income between 15K and 20K1.3%  Unlock3.8%
 Income between 20K and 30K  Unlock21.9%8.1%
 Income between 30K and 40K4.2%  Unlock8.0%
 Income between 40K and 50K  Unlock21.2%7.6%
 Income between 50K and 60K5.0%  Unlock7.2%
 Income between 60K and 75K  Unlock5.4%9.6%
 Income between 75K and 100K13.6%  Unlock12.8%
 Income between 100K and 150K  Unlock11.5%16.3%
 Income between 150K and 200K12.8%  Unlock7.8%
 Income greater than 200K  Unlock3.6%9.5%
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 Population By Occupation
 Troy, MILake Placid, FLUnited States
 Management, business, finance23.2%  Unlock16.4%
 Engineering, computers, science  Unlock6.0%6.5%
 Community, social services1.0%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology9.2%  Unlock6.2%
 Healthcare support  Unlock0.0%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock5.6%5.4%
 Building maintenance2.3%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support18.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock5.8%0.6%
 Construction, extraction, maintenance/repair3.5%  Unlock8.1%
 Production, transportation, material moving  Unlock12.8%13.1%
Reviews for Troy    9 Reviews

Over 4 years ago

, corruption is like  More

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Over 6 years ago

no one ever visited Troy, that writes this stuff,, Troy has a Black out, of any city corruption, most of the elected city are from the same zip code. and the heavy  More

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Over 8 years ago

This is the safest place to live in Michigan. The schools are ranked in the top of both the state and in the US. When our kids graduated 98% of the graduates went on  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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