Lake Placid is a town located in Highlands County, Florida, United States. It is situated in the central part of the state, about 90 miles south of Orlando. Often referred to as the “Caladium Capital of the World,” Lake Placid is known for its picturesque lakes, vibrant murals, and extensive agricultural activities.

1. Lakes: The town is surrounded by over 27 freshwater lakes, including Lake Placid, which is the largest and most popular. These lakes offer various recreational opportunities such as fishing, boating, water sports, and swimming. The abundance of lakes has made Lake Placid a haven for outdoor enthusiasts and nature lovers.
2. Caladiums: Lake Placid is renowned for its caladium plants. Caladiums are colorful, heart-shaped foliage plants that thrive in the area’s fertile soil and mild climate. The town’s vast caladium fi elds attract visitors from around the world, especially during the Caladium Festival held every July. The festival features arts and crafts, live music, car shows, and guided tours of the caladium farms.
3. Murals: Lake Placid is adorned with more than 40 vibrant murals painted on buildings throughout the town. These murals depict various aspects of Lake Placids history, culture, and natural beauty. The murals have become a popular attraction, and visitors can explore them on self-guided walking or driving tours.
4. Historical and Cultural Heritage: Lake Placid has a rich history, and its heritage is showcased at the Lake Placid Historical Society Museum. The museum exhibits artifacts, photographs, and displays that highlight the town’s past, including its early settlers, the citrus industry, and the influence of the railroad.
5. Leisure Activities: In addition to water-based activities, Lake Placid offers a range of recreational opportunities. There are several parks, golf courses, and nature trails in the area, providing options for hiking, biking, picnicking, and birdwatching. The town also hosts regular events, including farmers markets, art shows, and concerts.
6. Small-Town Charm: Lake Placid exudes a small-town charm with its friendly community, quaint downtown area, and unique shops. Visitors can stroll along Main Street, browse local boutiques, antique stores, and art galleries, and savor delicious meals at the town’s restaurants and cafes.

Overall, Lake Placid, Florida, offers a serene and picturesque environment, ideal for those seeking outdoor activities, natural beauty, and a relaxed atmosphere.

Population:

• Population (2022): 8,981
• Median Age (2021): 38
• Residents Under 18 (2022): 25.8%
• Residents Over 65 (2022): 23.4%
• Population by Sex (2022): Female – 50%, Male – 50%
• Homeownership – 54.4%, Renters – 45.6%
• Married population (2021): 40.8%
• Population Change (2010 – 2020): Appx. same
• Poverty Rate Compared to US National Average (2021): 28.2% vs the average of 11.6%

Demographics (2021):

• White Hispanic – 46.9%
• White Non Hispanic – 30.4%
• Multiracial Hispanic – 8.51%
• Black Non Hispanic – 6.76%
• Other Hispanic – 6.7%
• American Indian, Alaskan Native – 3.78%
• Other – 3.69%

*Prices shown are based only on activity for the dates specified

Income:

• Median Household Income (2021): $41,610
• Avg. per capita Income (2021): $17,971 Homeowners and Renters (2021)

Tax:

• County Property Tax Rate: .96% of a property’s assessed fair market value (2023)
• Combined State and County Sales Tax Rate: 7.5% (2023)

Cost of Living:

• Average Cost of Living Compared to US National Average (2021): 15% Lower
• Cost of Housing Compared to Florida Average (2021): Lower
• Cost of Food Compared to US National Average (2021): 2.6% Higher
• Cost of Healthcare Compared to US National Average (2021): 6.3% Higher
• Cost of Utilities Compared to US National Average (2021): 9.7% Higher
• Cost of Transportation Compared to US National Average (2021): 23.9% Lower

Political Affiliation Based on the 2024 Election Results ( Highlands County ): 

Republican – 69.92%

Democratic – 29.27%

Other – .89%

Largest Employers: N/A

School Ratings: N/A

Coastal: No

Average Low and High Temperature: Varies by season. Low 16.4 degrees celsius, High 28.4%

Fun Facts: Lake Placid was originally called Laked Stearns. On Dec. 1, 1925, Dr. Melvin Dewey, the inventor of the Dewey decimal system and the founder of the Lake Placid Club in Lake Placid, New York, proposed that Lake Stearns name be changed to Lake Placid.

Location and Amenities:

 

Highways:

• U.S. Route 27 is the major highway that runs through Lake Placid, making it easily accessible.

International Airports:

• The nearest major international airport to Lake Placid is Orlando International Airport (MCO), which is approximately 100 to 120 miles north of Lake Placid. Travel time can vary but is roughly 2 to 2.5 hours by car.

Universities and Colleges:

• While there are no universities or colleges located in Lake Placid itself, you can find several institutions within a reasonable driving distance in the surrounding areas. Some options include South Florida State College in Avon Park, which is approximately 10 miles away, and larger universities in cities like Tampa and Orlando, which are a few hours’ drive away.

Hospitals:

• Florida Hospital Heartland Medical Center in Sebring, Florida, is the closest hospital to Lake Placid, located approximately 15 miles to the south. The drive typically takes around 20-25 minutes.

Shopping Malls:

• For shopping, you can visit local stores in Lake Placid or travel to larger retail areas in nearby cities like Sebring (about 15 miles away) or Avon Park (about 10 miles away). If you’re looking for major shopping malls, you may need to travel to larger cities like Tampa or Orlando, which are a few hours’ drive.

Major Cities:

• Tampa, Florida: Approximately 140 miles, taking around 2.5 to 3 hours by car.
• Orlando, Florida: Approximately 100 to 120 miles, taking around 2 to 2.5 hours by car.
• Miami, Florida: Approximately 155 to 185 miles, taking around 3 to 3.5

Short Term Rental Regulations:

** All short term rental operations in Florida must obtain a business license from the Florida Department of Business and Professional Regulation ( DBPR ) and a Florida Department of Revenue Certificate of Sales and Use. ** Short term rental regulations can be subject to change and should always be confirmed with city / towns or county departments.

Restrictions:

• Currently there is no official source of information

For information visit highlandsfl.gov