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CITY · 2010 ACS

Lake Panasoffkee

Florida · 3,551 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 $35,089. Population has held roughly steady since 2000. 10% of adults hold a bachelor's degree or higher, below the national rate of 28%. Median home value has more than doubled since 2000, reaching $113,600. With a median age of 50.2, the population is older than the US median of 37.2. Households here earn about 26% less than the Florida median.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 50.2
US median: 37.2
Less educated
10% hold a bachelor's degree
US average: 28%
Less affordable
home values up 89%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
3,551
+4%since 2000
from 3,413 in 2000
1990 – 2024
Population density
826 / sq mi
+4%since 2000
from 794 / sq mi in 2000
US average: 261
Median age
50.2
−5%since 2000
from 52.8 in 2000
US average: 37.2
Population, 1990 – 2024
3K3K4K4K5K1990201020202024Lake Panasoffkee
20245K
1990201020202024
Section 02

Income & economy

Median household income
$35,089
+7%inflation adjusted, since 2000
from $25,930 in 2000
US average: $52,703
1990 – 2024
Per capita income
$25,114
+38%since 2000
from $18,149 in 2000
US average: $27,286
Households earning $100K+
19.6%
−1.8 ptssince 2009
from 21.4% in 2009
US average: 33.3%
Poverty rate
10.4%
−1.6 ptssince 2000
from 12.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.437
US average: 0.461
Workforce by industry, 2010
Information18.8%
US avg: 11.5%
Wholesale trade17%
US avg: 7.2%
Finance & insurance10.2%
US avg: 5.1%
Professional, scientific, technical7.4%
US avg: 4.2%
Retail trade4.7%
US avg: 10.9%
Education & health services2.7%
US avg: 0.9%
Other services1.6%
US avg: 7%
Agriculture, forestry, fishing1.2%
US avg: 1.9%
Construction1.2%
US avg: 1.4%
Arts, entertainment, food1.2%
US avg: 2.4%
Public administration0.7%
US avg: 4.9%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 3.1%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$113,600
+89%inflation adjusted, since 2000
from $47,400 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$779
+63%inflation adjusted, since 2000
from $377 in 2000
US average: $853
Owner-occupied
37.4%
−47.1 ptssince 2000
from 84.5% in 2000
20.3% rent
Vacancy rate
24.1%
−1.9 ptssince 2009
from 26.1% in 2009
US average: 12.1%
Owner cost-burdened
21.7%
−4.6 ptssince 2009
from 26.2% in 2009
US average: 30.9%
Renter cost-burdened
38.4%
+11.2 ptssince 2009
from 27.2% in 2009
US average: 46.8%
Afford Score
3.2
+77%since 2000
from 1.8 in 2000
1990 – 2024
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)
2010
White, non-Hispanic93.8%(3,332)
Black1.4%(49)
Hispanic / Latino2.3%(82)
Asian0.8%(28)
Other0.3%(10)
Diversity Score11.7%(414)
Diversity Score
12
+131%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
9.6%
+5.5 ptssince 2000
from 4.2% in 2000
US average: 27.9%
High school or higher
80.8%
+10.7 ptssince 2000
from 70.1% in 2000
US average: 84.9%
Graduate degree
3.8%
+2.3 ptssince 2000
from 1.5% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
30.7 min
+17%since 2000
from 26.3 min in 2000
US average: 25.2
Drive alone to work
83.1%
+10.4 ptssince 2009
from 72.7% in 2009
US average: 76.2%
Carpooled to work
6.9%
−13.4 ptssince 2009
from 20.3% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
5.1%
+1.5 ptssince 2009
from 3.6% in 2009
US average: 4.1%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.8%
Biked to work
3.6%
+1.2 ptssince 2009
from 2.5% in 2009
US average: 0.5%
No vehicle available
2.3%
−2.6 ptssince 2009
from 4.9% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
21.8%
+8.7 ptssince 2009
from 13.1% in 2009
US average: 12.9%
Management & professional
19.5%
−33.2 ptssince 2009
from 52.7% in 2009
US average: 35.2%
Section 08

People & community

Male
46.1%
−4.8 ptssince 2009
from 50.9% in 2009
Female
53.9%
+4.8 ptssince 2009
from 49.1% in 2009
Foreign born
4.9%
−0.7 ptssince 2009
from 5.6% in 2009
US average: 12.8%
Veterans
25.3%
−26.8 ptssince 2009
from 52.0% in 2009
US average: 9.9%
Drill deeper

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Compare Lake Panasoffkee to nearby cities

LAKE PANASOFFKEE VS
Wildwood
Income$76,552+118%
Home value$451,600+298%
Population19,436+308%
SEE FULL COMPARISON →
LAKE PANASOFFKEE VS
The Villages
Income$77,622+121%
Home value$400,100+252%
Population83,498+1651%
SEE FULL COMPARISON →
LAKE PANASOFFKEE VS
Fruitland Park
Income$82,656+136%
Home value$382,400+237%
Population9,543+100%
SEE FULL COMPARISON →
LAKE PANASOFFKEE VS
Leesburg
Income$52,880+51%
Home value$228,600+101%
Population38,905+716%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake Panasoffkee, Florida?

Lake Panasoffkee, Florida has about 3,551 residents according to the 2010 American Community Survey.

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

The typical household in Lake Panasoffkee, Florida earns about $35,089 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 $113,600, and the typical rent is about $779 a month.

How educated are people in Lake Panasoffkee, Florida?

About 9.6% 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 10.4% 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 775 residents, a change of about 28 percent over that period.

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

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