Lake Placid, FL's Data
About Lake Placid, FL's
Lake Placid is a quaint town situated in Highlands County, Florida. Known as the 'Town of Murals' due to its over 40 large-scale artworks decorating various buildings throughout the town, Lake Placid also boasts a rich history rooted in agriculture and development since its inception in the 1920s. Originally named Lake Stearns, it was renamed in 1927 to match the New York village that hosted the 1932 Winter Olympics. The town is nestled between Lake Istokpoga to the east and several smaller lakes, making it a picturesque locale in central Florida.
City: Lake Placid
State: Florida
Country: United States
Population: Approximately 2,300 residents as of the latest census data.
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Lake Placid, FL
Hike: Here are a couple of local trails to check out!
Local Attractions in Lake Placid, FL
Murals of Lake Placid - Over 40 murals depicting the town's history and culture, drawing tourists for mural tours.
Lake Istokpoga - A popular spot for fishing, boating, and wildlife viewing, known for its large bass population.
Toby's Clown School and Museum - Home to the American Clown Museum and School, offering insights into clowning and its history.
Lake June-in-Winter Scrub State Park - A natural habitat offering trails for hiking and opportunities for wildlife observation.
Henscratch Farms Vineyard & Winery - A local vineyard offering tours, wine tasting, and events set in a scenic rural backdrop.
The Economy of Lake Placid, FL
The economy of Lake Placid is predominantly driven by agriculture, including citrus fruit cultivation and cattle ranching, which are significant contributors to its local economy. Additionally, the town benefits from tourism, particularly due to its reputation as a mural town, which attracts visitors for tours and festivals celebrating this unique artistic feature. The presence of numerous lakes also supports a small but thriving fishing industry.
Lake Placid, FL Inflation
Understanding the BLS and Inflation in Lake Placid, FL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lake Placid, FL. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Lake Placid, FL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Lake Placid, FL using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Lake Placid, FL when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Lake placid, FL
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