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Lake Placid Town, Florida Economic Analysis

   (County: Highlands County)

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Economic Analysis

People and the communities they live in depend on money. The people of Lake Placid Town, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Lake Placid Town, Florida

12:00 A.M. TO 4:59 A.M.   : 4   (0.6%)
5:00 A.M. TO 5:29 A.M.   : 6   (0.9%)
5:30 A.M. TO 5:59 A.M.   : 69   (10.2%)
6:00 A.M. TO 6:29 A.M.   : 84   (12.4%)
6:30 A.M. TO 6:59 A.M.   : 146   (21.5%)
7:00 A.M. TO 7:29 A.M.   : 116   (17.1%)
7:30 A.M. TO 7:59 A.M.   : 107   (15.8%)
8:00 A.M. TO 8:29 A.M.   : 46   (6.8%)
8:30 A.M. TO 8:59 A.M.   : 8   (1.2%)
9:00 A.M. TO 9:59 A.M.   : 10   (1.5%)
10:00 A.M. TO 10:59 A.M.   : 9   (1.3%)
11:00 A.M. TO 11:59 A.M.   : 0   (0.0%)
12:00 P.M. TO 3:59 P.M.   : 28   (4.1%)
4:00 P.M. TO 11:59 P.M.   : 46   (6.8%)


(updated 2010)



Means Of Transportation
(Lake Placid Town, Florida)

Car, truck, or van:

Drove alone : 679

Carpooled:

In 2-person carpool : 185

In 3-person carpool : 39

In 4-person carpool : 108

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 8

Public transportation (excluding taxicab):

Bus or trolley bus : 53

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 4

Motorcycle : 0

Bicycle : 0

Walked : 12

Other means : 95

Worked at home : 24


(updated 2009)



Travel Time To Work
(Lake Placid Town, Florida)

Less than 5 minutes : 138

5 to 9 minutes : 190

10 to 14 minutes : 180

15 to 19 minutes : 57

20 to 24 minutes : 116

25 to 29 minutes : 56

30 to 34 minutes : 271

35 to 39 minutes : 12

40 to 44 minutes : 54

45 to 59 minutes : 78

60 to 89 minutes : 9

90 or more minutes : 22


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Lake Placid Town, Florida)

With Social Security income : 268

No Social Security income : 541


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Lake Placid Town, Florida)

With retirement income : 140

No retirement income : 669


(updated 2009)



Family Income (Annual)
(Lake Placid Town, Florida)

Less than $10,000 : 83

$10,000 to $14,999 : 82

$15,000 to $19,999 : 32

$20,000 to $24,999 : 54

$25,000 to $29,999 : 15

$30,000 to $34,999 : 44

$35,000 to $39,999 : 25

$40,000 to $44,999 : 3

$45,000 to $49,999 : 28

$50,000 to $59,999 : 43

$60,000 to $74,999 : 34

$75,000 to $99,999 : 42

$100,000 to $124,999 : 13

$125,000 to $149,999 : 6

$150,000 to $199,999 : 13

$200,000 or more : 41


(updated 2009)



Median Family Income (Annual)
(Lake Placid Town, Florida)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $31,548


(updated 2009)



AM Radio Stations Near Lake Placid Town, Florida

  • WJCM (1050 AM; 1.0 kW; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • WITS (1340 AM; 1.0 kW; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • WFHT (1390 AM; 1.0 kW; Avon Park, FL; Owner: Odyssey Broadcasting Company, Inc.)
  • WFLN (1480 AM; 1.0 kW; Arcadia, FL; Owner: Integrity Radio Of Florida Llc)
  • WOKC (1570 AM; 0.8 kW; Okeechobee, FL; Owner: Glades Media Company Llc)
  • WOKC (1570 AM; 0.7 kW; Okeechobee, FL; Owner: Glades Media Company Llc)
  • WOKC (1570 AM; 0.014 kW; Okeechobee, FL; Owner: Glades Media Company Llc)
  • WWTK (730 AM; 0.5 kW; Sebring, FL; Owner: Cohan Radio Group, Inc.)

FM Radio Stations Near Lake Placid Town, Florida

  • WWLL (105.7 FM; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • WZZS (106.9 FM; Zolfo Springs, FL; Owner: Heartland Broadcasting Corp.)
  • 990420ME (89.3 FM; Avon Park, FL; Owner: Radio Training Network, Inc.)
  • NEW (89.5 FM; Okeechobee, FL; Owner: District Board Of Trustees Indian River Community College)
  • NEW (89.5 FM; Okeechobee, FL; Owner: Emmaus Broadcasting Service)
  • NEW (89.5 FM; Basinger, FL; Owner: Faith Baptist Church Of Fort Pierce, Florida)
  • NEW (89.5 FM; Basinger, FL; Owner: Westminster Academy)
  • WREH (90.5 FM; Basinger, FL; Owner: Reach Communications, Inc.)
  • NEW (91.3 FM; Okeechobee, FL; Owner: Oscar Aguero Ministry)
  • NEW (91.3 FM; Okeechobee, FL; Owner: Seminole Tribe Of Florida)
  • WJFH (91.5 FM; Sebring, FL; Owner: Radio Training Network, Inc.)
  • WWOJ (99.1 FM; Sebring, FL; Owner: Cohan Radio Group, Inc.)

TV Broadcast Stations Near Lake Placid Town, Florida

  • 960920YT (Channel 60; Sebring, FL; Owner: Marri Broadcasting, Lp)

(updated 2008)



Occupations in Lake Placid Town, Florida

Male:


  • Management, Professional, And Related Occupations: 41  (10.6%)
  • Service Occupations: 35  (9.0%)
  • Sales And Office Occupations: 28  (7.2%)
  • Farming, Fishing, And Forestry Occupations 111  (28.6%)
  • Construction, Extraction, And Maintenance Occupations: 99  (25.5%)

Female:


  • Management, Professional, And Related Occupations: 71  (22.9%)
  • Service Occupations: 108  (34.8%)
  • Sales And Office Occupations: 63  (20.3%)
  • Farming, Fishing, And Forestry Occupations 49  (15.8%)
  • Construction, Extraction, And Maintenance Occupations: 0  (0.0%)


(updated 2010)





There are 254 Farms In Lake Placid Town, Florida


(updated 2008)



Banks In Lake Placid Town, Florida

Seacoast National Bank - 1 Branches


    Bank Assets: $2.2m
    Industry Specialization: Commercial Lending
    Total Offices: 35

Bank Of America, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Suntrust Bank - 1 Branches


    Bank Assets: $178.3m
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Wells Fargo Bank, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Wauchula State Bank - 1 Branches


    Bank Assets: $601.4k
    Industry Specialization: Agricultural
    Total Offices: 6

Heartland National Bank - 1 Branches


    Bank Assets: $309.1k
    Industry Specialization: All Other < $1 Billion
    Total Offices: 4

Highlands Independent Bank - 1 Branches


    Bank Assets: $251.4k
    Industry Specialization: All Other < $1 Billion
    Total Offices: 6

Td Bank, National Association - 1 Branches


    Bank Assets: $219.6m
    Industry Specialization: All Other > $1 Billion
    Total Offices: 1,328

(updated 2014)







Airports Near Lake Placid Town, Florida

  • Sebring Regional


    (about 10.9 miles in Sebring, Florida; Airport Code: SEF)

  • Avon Park Executive


    (about 22.7 miles in Avon Park, Florida; Airport Code: AVO)

  • Avon Park Municipal


    (about 22.8 miles in Avon Park, Florida; Airport Code: AVO)

  • Okeechobee County


    (about 31.7 miles in Okeechobee, Florida; Airport Code: OBE)

  • Airglades


    (about 43.3 miles in Lake Harbor, Florida; Airport Code: FL6)

  • Punta Gorda Airport


    (about 46.5 miles in Punta Gorda, Florida; Airport Code: PGD)

  • Charlotte County


    (about 46.5 miles in Punta Gorda, Florida; Airport Code: PGD)

  • Bartow Municipal


    (about 51.5 miles in Eloise, Florida; Airport Code: BOW)

  • Southwest Florida International


    (about 57.8 miles in Fort Myers, Florida; Airport Code: RSW)

  • Page Field


    (about 57.8 miles in Fort Myers, Florida; Airport Code: FMY)


(updated 2015)



Modes of Transportation in Lake Placid Town, Florida

Car, Truck, Or Van:

 

Drove Alone

54.70%

Carpooled

35.89%

Public Transportation:

 

Bus Or Trolley Bus

0.87%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.0%

Bicycle

0.0%

Walked

5.21%

Other Means

1.59%

Worked At Home

1.74%



(updated 2010)





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