There are 13 assisted living facilities serving Lake Placid, Florida. This includes 5 facilities in Lake Placid and 8 nearby. The average daily cost of assisted living in Florida is around $100, with costs running between $28 and $264 per day. On a per month basis, this equates to a mean expenditure of $3,000, with costs ranging from around $850 up to $7,920. The average annual cost is $36,000, which is below the US average of $42,000.
The cost of assisted living in Lake Placid, FL can range from around $2,625 per month up to $3,300 per month. The average cost is around $2,700 per month, or about $32,400 per year.
SeniorScore™ for Lake Placid, Florida
The SeniorScore™ is calculated based on over 100 variables, some of which are shown below. The final score is curved based on a linear curving method. For More info visit senioradvice.com/seniorscore.
- Lake Placid scores lower than the Florida average of 76.
- Lake Placid scores lower than the national average of 72.
- There is a high number of Medicare registered physicians within the city limits.
- There are no hospitals within close range of the city.
- There are 4 senior living facilities in close proximity to the city, including Balmoral Assisted Living, Lake Placid Health and Rehabilitation Center, and Southern Lifestyle Senior Living Center.
- There is a very low number of home healthcare providers operating in the city.
- There is an average number of fire stations serving the city.
- The average life expectancy is 79.4, compared to the national average of 78.6.
- There are 10 pharmacies within close range of the city.
- The area has a high property crime rate.
- The area has a high violent crime rate.
- The city has a very high percentage of seniors in the population (46% of residents).
- There are 19 golf courses in or around the city, including Leza Leisure Lakes Golf Course, Placid Lakes Country Club, and Eighteen Hole Course at Harder Hall Country Club.
- There are 5 parks near the city center, including Camp Florida Resort, Lake June-in-Winter Scrub State Park, and Sunshine RV Resort.
- There is 1 church in or near the city (First Assembly of God).
- There are 3 malls / shopping centers within close range of the city.
- There are 6 grocery stores within the city.
- There are no movie theatres in or near the city.
- There are no gyms or health clubs in or near the city.
- The property taxes average 2.44% of total income, which is significantly lower than the national average of 2.79%.
- The property taxes average 0.77% of property value, which is significantly lower than the national average of 1.09%.
- The city sales taxes averages 6.75%, which is lower than the national average of 6.97%.
- Florida has an average state income tax of 0.00%, compared to the national average of 3.38%.
- The city's mean household income is $47,434, which is significantly lower than the national average of $64,580.
- The city's median household income is $36,930, which is significantly lower than the national median of $51,560.
- The city's per capita income is $20,111, which is significantly lower than the national average of $25,611.
- Assisted living costs average $32,400 per year, which are very low compared to national figures.
- Nursing home costs average $93,309 per year, which are average compared to national costs.
- Adult daycare costs average $14,300 per year, which are very low compared to national numbers.
- Home healthcare costs average $36,608 annually, which are very low compared to national costs.
- The unemployment rate is about 12.34%, which is high compared to national averages.
- The overall cost of living is average compared to national averages.
- 1% of the senior population are financially responsible for at least one grandchild.
- Lake Placid receives very high levels of rainfall each year.
- Lake Placid has ideal mean temperatures, with very mild winters and very warm summers.
- This city has very good air quality.
- Lake Placid has a very sparse population density of 65.3 people per square mile.
- Residents of Lake Placid have a long daily commute time.
- Lake Placid has an average public school quality ranking.
- The city has a high public school safety rating.
- This city has a very low graduation rate of 75.83%.
Lake Placid is a small city in Florida. It is located within Highlands County. Though the city is home to 21,790 residents, the encompassing metro area includes a population of 765,362. The senior community currently composes around 46% of the total population.
Lake Placid has an above average SeniorScore™ of 70. The median housing price in the city is $81,000, which is significantly less than the Florida average of $208,500. Lake Placid also has a high unemployment rate of around 12.34%. The city's median household income is $37,000 ($20,000 per capita), versus the average of $40,000 for the entire state of Florida.
Lake Placid has ideal average temperatures, with very mild winters and very warm summers. The area receives very heavy levels of rain annually. Compared to similarly-sized cities, Lake Placid has a higher than average rate of crime and excellent air quality.