Lake Placid is a town in south-central Florida, and a part of Highlands County. Its prime location and sunny weather have made it a desirable option for retirees.
Climate and Geography
Lake Placid is a small town located in southern Florida. Summers are sunny and humid, and winters are short, while temperatures average in the 70s year-round. Residents can expect more rain than the national average and about 250 sunny days a year.
The city is made up of different scenic landscapes such as mountains, hills, and heavy forested areas. It is surrounded by several bodies of water, including three of the most prominent, Lake June to the west, Lake Huntley to the east, and Lake Placid to the north.
Recreation, Culture, and Entertainment
Lake Placid has plenty of options for residents looking to get outside and enjoy the warm weather. From mountains and state parks such as Mount Jo and High Peaks, to lakes and nature trails of Mirror Lake and Cobble Hill, residents have many outdoor attractions to choose from.
There are also many historical landmarks to be explored in Lake-Placid as well as antique shops and museums. Known as the “Town of Murals”, residents can take a tour around the city and visit some of the most fascinating murals in the nation. The city is also home to plenty of restaurants, breweries, and sports arenas.
Cost of Living
The cost of living in Lake Placid is lower than state and national averages. Housing costs which are significantly lower when compared nationwide, other costs such as groceries and utilities are higher than the national average, while the costs for transportation are lower.
Florida is one of the most tax-friendly states in the nation. There is no tax on Social Security benefits, or income tax, and retirement income is exempt from taxation as well. Also, homeowners who are 65 and older qualify for several tax breaks. Florida has a state sales tax of 6 percent and Lake-Placid does add a 1.5 percent tax on that rate.
Florida ranks among the top states on Gallup's Well-Being Index.
There are two high ranking hospitals as ranked by U.S News, located within 20 miles of Lake-Placid. Both Highlands Regional Medical Center-Sebring and Florida Hospital Heartland Medical Center, are rated high performing in treating pulmonary disease.