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CITY · 2020 ACS

Lake Panasoffkee

Florida · 4,072 residents · 4.3 sq mi
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Part of the The Villages metro area
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The short version

Lake Panasoffkee has notably lower household income than the US average, with a median household income of $34,094. Population has grown 19% since 2000. 11% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $85,800. With a median age of 50.5, the population is older than the US median of 38.8. Households here earn about 41% less than the Florida median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 50.5
US median: 38.8
Less educated
11% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
4,072
+19%since 2000
from 3,413 in 2000
1990 – 2024
Median age
50.5
−4%since 2000
from 52.8 in 2000
US average: 38.8
Population, 1990 – 2024
3K3K4K4K5K1990201020202024Lake Panasoffkee
20245K
1990201020202024
Age distribution, 2020
Under 54.4%(178)
US avg: 5.6%
5 to 95.5%(225)
US avg: 6.1%
10 to 145.6%(226)
US avg: 6.5%
15 to 195%(205)
US avg: 6.6%
20 to 243.7%(149)
US avg: 6.7%
25 to 349.8%(400)
US avg: 13.5%
35 to 449.5%(385)
US avg: 12.7%
45 to 5412.1%(494)
US avg: 12.3%
55 to 6417.3%(704)
US avg: 13.1%
65 to 7414.4%(587)
US avg: 10%
75 to 849.7%(396)
US avg: 4.9%
85 and over3%(123)
US avg: 1.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02

Income & economy

Median household income
$34,094
−13%inflation adjusted, since 2000
from $25,930 in 2000
US average: $66,278
1990 – 2024
Per capita income
$24,927
+37%since 2000
from $18,149 in 2000
US average: $35,364
Households earning $100K+
21.9%
+0.5 ptssince 2009
from 21.4% in 2009
US average: 43.9%
Poverty rate
23.5%
+11.5 ptssince 2000
from 12.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Information32.7%
US avg: 11.1%
Retail trade11.6%
US avg: 10%
Wholesale trade7.9%
US avg: 6.7%
Other services3.7%
US avg: 6.6%
Agriculture, forestry, fishing2.3%
US avg: 1.7%
Manufacturing1.9%
US avg: 0.5%
Finance & insurance1.4%
US avg: 5.5%
Public administration0.9%
US avg: 4.7%
Education & health services0.7%
US avg: 0.8%
Transportation & warehousing0.6%
US avg: 2.5%
Professional, scientific, technical0.6%
US avg: 4.7%
Construction0.4%
US avg: 1.2%
Arts, entertainment, food0%
US avg: 2%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03

Housing

Median home value
$85,800
+20%inflation adjusted, since 2000
from $47,400 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$814
+44%inflation adjusted, since 2000
from $377 in 2000
US average: $1,124
Owner-occupied
73.5%
−10.9 ptssince 2000
from 84.5% in 2000
26.5% rent
Afford Score
2.5
−8%since 2009
from 2.7 in 2009
2009 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
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%
2020
White, non-Hispanic84.5%(3,439)
Black4.3%(174)
Hispanic / Latino5.9%(239)
Asian0.4%(16)
Other1.1%(45)

No data for the years selected.

Section 04 · Origins

Detailed origins & ancestry

Hispanic origin
Mexican8.5%(344)
Colombian0.3%(12)
Puerto Rican0.3%(11)
Spaniard0.2%(8)
Cuban0.2%(7)
Asian origin
Japanese0.6%(23)
Korean0.3%(11)
Ancestry
Irish21.3%(863)
German19.5%(791)
English12.3%(500)
American7.8%(316)
Italian3.4%(138)
Portuguese2.7%(108)
Polish1.6%(64)
French0.8%(34)
Scotch-Irish0.8%(33)
Russian0.8%(32)
Dutch0.8%(31)
+ 10 more ancestry groups with data
Scottish0.6%(26)
Canadian0.6%(25)
Ukrainian0.6%(23)
Swedish0.5%(19)
British0.4%(17)
Welsh0.3%(13)
Norwegian0.3%(11)
Finnish0.2%(10)
Greek0.2%(10)
RANKED:Largest Irish population · Largest German population · Largest English population · Largest Mexican population · Largest American population
Section 05

Education

Bachelor's degree or higher
10.7%
+6.5 ptssince 2000
from 4.2% in 2000
US average: 32.9%
High school or higher
83.2%
+13.1 ptssince 2000
from 70.1% in 2000
US average: 88.5%
Graduate degree
4.4%
+2.9 ptssince 2000
from 1.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.3 min
+4%since 2000
from 26.3 min in 2000
US average: 26.9
Drive alone to work
72.7%
Unchangedsince 2009
from 72.7% in 2009
US average: 75.1%
No vehicle available
5.5%
+0.6 ptssince 2009
from 4.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.4%
−4.0 ptssince 2011
from 6.3% in 2011
US average: 5.4%
Labor force participation
48.8%
+3.0 ptssince 2011
from 45.8% in 2011
US average: 63.4%
Management & professional
31.8%
−20.9 ptssince 2009
from 52.7% in 2009
US average: 39.3%
Section 08

People & community

Male
46.6%
−4.3 ptssince 2009
from 50.9% in 2009
Female
53.4%
+4.3 ptssince 2009
from 49.1% in 2009
Foreign born
2.7%
−2.9 ptssince 2009
from 5.6% in 2009
US average: 13.5%
Uninsured
12.3%
−63.2 ptssince 2013
from 75.5% in 2013
US average: 8.8%
Marital status (2024)
Men 15+
Never married31%(601)
Married39.1%(757)
Widowed6.7%(129)
Divorced23.2%(450)
Women 15+
Never married27.4%(572)
Married35.2%(736)
Widowed9.9%(207)
Divorced27.5%(576)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
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Income$76,552+125%
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LAKE PANASOFFKEE VS
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Income$77,622+128%
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LAKE PANASOFFKEE VS
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Home value$382,400+346%
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LAKE PANASOFFKEE VS
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Income$52,880+55%
Home value$228,600+166%
Population38,905+716%
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Frequently asked

How many people live in Lake Panasoffkee, Florida?

Lake Panasoffkee, Florida has about 4,072 residents according to the 2020 American Community Survey.

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

The typical household in Lake Panasoffkee, Florida earns about $34,094 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 $85,800, and the typical rent is about $814 a month.

How educated are people in Lake Panasoffkee, Florida?

About 10.7% 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 23.5% 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 1,296 residents, a change of about 47 percent over that period.

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

How we source and harmonize this data →