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CITY

Lake Panasoffkee

Florida · 4,768 residents · 4.3 sq mi
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The short version

Lake Panasoffkee has notably lower household income than the US average, with a median household income of $44,531. Population has grown 40% since 2000. 11% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has roughly tripled since 2000, reaching $153,000. With a median age of 46.5, the population is older than the US median of 38.9. Households here earn about 40% less than the Florida median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 46.5
US median: 38.9
Less educated
11% hold a bachelor's degree
US average: 36%
Less affordable
home values up 77%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,768
+40%since 2000
from 3,413 in 2000
1990 – 2024
Population density
1,109 / sq mi
+40%since 2000
from 794 / sq mi in 2000
US average: 281
Median age
46.5
−12%since 2000
from 52.8 in 2000
US average: 38.9
Population, 1990 – 2024
3K3K4K4K5K1990201020202024Lake Panasoffkee
20245K
1990201020202024
Section 02

Income & economy

Median household income
$44,531
−6%inflation adjusted, since 2000
from $25,930 in 2000
US average: $82,259
1990 – 2024
Per capita income
$26,682
+47%since 2000
from $18,149 in 2000
US average: $44,673
Households earning $100K+
25.6%
+4.3 ptssince 2009
from 21.4% in 2009
US average: 53.3%
Poverty rate
30.5%
+18.4 ptssince 2000
from 12.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.432
−1%since 2010
from 0.437 in 2010
US average: 0.476
Workforce by industry, 2024
Information17%
US avg: 10.8%
Retail trade16.7%
US avg: 9.9%
Wholesale trade10.6%
US avg: 6.9%
Finance & insurance7.7%
US avg: 5.9%
Professional, scientific, technical7%
US avg: 5.1%
Other services6.2%
US avg: 6.7%
Public administration4.8%
US avg: 4.8%
Agriculture, forestry, fishing1.6%
US avg: 1.6%
Construction1.6%
US avg: 1.2%
Transportation & warehousing0.9%
US avg: 2.2%
Arts, entertainment, food0.9%
US avg: 1.9%
Education & health services0.8%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$153,000
+77%inflation adjusted, since 2000
from $47,400 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,019
+48%inflation adjusted, since 2000
from $377 in 2000
US average: $1,442
Owner-occupied
66.2%
−18.3 ptssince 2000
from 84.5% in 2000
33.8% rent
Vacancy rate
18.3%
−7.7 ptssince 2009
from 26.1% in 2009
US average: 10.0%
Owner cost-burdened
19.7%
−6.5 ptssince 2009
from 26.2% in 2009
US average: 22.9%
Renter cost-burdened
50.3%
+23.1 ptssince 2009
from 27.2% in 2009
US average: 47.4%
Afford Score
3.4
+88%since 2000
from 1.8 in 2000
1990 – 2024
Gentrification Score
25
RELATED:See current rent listings in Lake Panasoffkee on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.5%(3,294)
Black0.6%(22)
Hispanic / Latino0.9%(31)
Asian0.5%(16)
Other0%
Diversity Score5.1%(173)
2024
White, non-Hispanic87.1%(4,152)
Black5.5%(262)
Hispanic / Latino5.2%(250)
Asian0%(0)
Other2.2%(104)
Diversity Score29.4%(1,403)
Diversity Score
29
+482%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
10.5%
+6.3 ptssince 2000
from 4.2% in 2000
US average: 35.6%
High school or higher
85.4%
+15.3 ptssince 2000
from 70.1% in 2000
US average: 89.6%
Graduate degree
3.2%
+1.7 ptssince 2000
from 1.5% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.5 min
+5%since 2000
from 26.3 min in 2000
US average: 26.5
Drive alone to work
85.5%
+12.8 ptssince 2009
from 72.7% in 2009
US average: 68.9%
Carpooled to work
2.1%
−18.2 ptssince 2009
from 20.3% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
7.7%
+4.1 ptssince 2009
from 3.6% in 2009
US average: 15.0%
Walked to work
0.7%
+0.7 ptssince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.6%
−1.9 ptssince 2009
from 2.5% in 2009
US average: 0.4%
No vehicle available
7.7%
+2.8 ptssince 2009
from 4.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.6%
−1.7 ptssince 2011
from 6.3% in 2011
US average: 5.2%
Labor force participation
51.6%
+5.8 ptssince 2011
from 45.8% in 2011
US average: 63.5%
Self-employed
11.4%
−1.7 ptssince 2009
from 13.1% in 2009
US average: 13.1%
Management & professional
22.9%
−29.7 ptssince 2009
from 52.7% in 2009
US average: 42.5%
Section 08

People & community

Male
45.7%
−5.2 ptssince 2009
from 50.9% in 2009
Female
54.3%
+5.2 ptssince 2009
from 49.1% in 2009
Foreign born
0.9%
−4.7 ptssince 2009
from 5.6% in 2009
US average: 14.1%
Veterans
8.8%
−43.2 ptssince 2009
from 52.0% in 2009
US average: 6.2%
With a disability
23.8%
−1.4 ptssince 2012
from 25.2% in 2012
US average: 13.3%
Uninsured
11.8%
−63.7 ptssince 2013
from 75.5% in 2013
US average: 8.4%
Broadband at home
87.3%
+25.3 ptssince 2017
from 62.0% in 2017
US average: 91.0%
English only at home
98.9%
+0.5 ptssince 2016
from 98.3% in 2016
US average: 77.7%
Spanish at home
1.1%
+0.2 ptssince 2016
from 1.0% in 2016
US average: 13.6%
Drill deeper

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Compare Lake Panasoffkee to nearby cities

LAKE PANASOFFKEE VS
Wildwood
Income$76,552+72%
Home value$451,600+195%
Population19,436+308%
SEE FULL COMPARISON →
LAKE PANASOFFKEE VS
The Villages
Income$77,622+74%
Home value$400,100+162%
Population83,498+1651%
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LAKE PANASOFFKEE VS
Fruitland Park
Income$82,656+86%
Home value$382,400+150%
Population9,543+100%
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LAKE PANASOFFKEE VS
Leesburg
Income$52,880+19%
Home value$228,600+49%
Population38,905+716%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake Panasoffkee, Florida?

Lake Panasoffkee, Florida has about 4,768 residents according to the 2024 American Community Survey.

What is the median household income in Lake Panasoffkee, Florida?

The typical household in Lake Panasoffkee, Florida earns about $44,531 a year. Half of households make more than that, and half make less.

Is Lake Panasoffkee, Florida expensive?

In Lake Panasoffkee, Florida, the median home is worth about $153,000, and the typical rent is about $1,019 a month.

How educated are people in Lake Panasoffkee, Florida?

About 10.5% of adults age 25 and over in Lake Panasoffkee, Florida hold a bachelor's degree or higher.

What is the poverty rate in Lake Panasoffkee, Florida?

About 30.5% of people in Lake Panasoffkee, Florida live below the federal poverty line.

Has Lake Panasoffkee, Florida grown since 1990?

Yes, Lake Panasoffkee, Florida has grown since 1990. The population has added about 1,992 residents, a change of about 72 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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