Lake Panasoffkee, Florida Population 2024

4,173

Lake Panasoffkee is a city located in Sumter County Florida. Lake Panasoffkee has a 2024 population of 4,173. Lake Panasoffkee is currently declining at a rate of annually and its population has increased by 3.06% since the most recent census, which recorded a population of 4,049 in 2020.

The average household income in Lake Panasoffkee is $57,821 with a poverty rate of 29.95%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Lake Panasoffkee is 49.4 years, 50.4 years for males, and 46.9 years for females.

Lake Panasoffkee Demographics

According to the most recent ACS, the racial composition of Lake Panasoffkee was:

  • White: 86.36%
  • Black or African American: 7.33%
  • Two or more races: 2.78%
  • Other race: 2.28%
  • Native American: 0.84%
  • Asian: 0.41%
  • Native Hawaiian or Pacific Islander:
State
Florida
Land Area (mi²)
4.0 sq mi
Density (mi²)
1,052.10/sq mi
Growth Since 2020
3.06% (124)
The current population of Lake Panasoffkee, Florida is 4,173 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 4,049.

Lake Panasoffkee, Florida Population 2024

Population by Race

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Race
Population
Percentage (of total)
White3,60486.36%
Black or African American3067.33%
Two or more races1162.78%
Other race952.28%
Native American350.84%
Asian170.41%
Native Hawaiian or Pacific Islander
showing: 7 rows

White

Black or African American

Two or more races

Other race

Native American

Asian

Native Hawaiian or Pacific Islander

Lake Panasoffkee Population by Race

Lake Panasoffkee Population Pyramid 2024

Lake Panasoffkee Median Age

49.4

Total

50.4

Male

46.9

Female

Lake Panasoffkee Adults

There are 3,352 adults, (898 of whom are seniors) in Lake Panasoffkee.

Lake Panasoffkee Age Dependency

70

Age Dependency Ratio

36.6

Old Age Dependency Ratio

33.5

Child Dependency Ratio

Lake Panasoffkee Sex Ratio

Female2,21152.98%
Male1,96247.02%

Lake Panasoffkee Population by Age

Lake Panasoffkee Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All1,9212.1773.326.7
Married8312.7887.712.3
Non Family7501.2267.332.7
Female2403.156.343.8
Male1002.034060
showing: 5 rows

2.7

Average Family Size

2.17

Average Household Size

73.3%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Lake Panasoffkee Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Lake Panasoffkee Educational Attainment by Sex (over 25)

Lake Panasoffkee Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among asian people with a rate of 100%.

The highest rate of bachelors degrees is among asian people with a rate of 100%.

Lake Panasoffkee Educational Attainment by Race

All

Male

Female

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$40,840

Average Earnings

$46,304

Average Male

$26,557

Average Female

Lake Panasoffkee Earnings by Educational Attainment

Lake Panasoffkee Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Lake Panasoffkee Language

97.25% of Lake Panasoffkee residents speak only English, while 2.75% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 2.17% of the population.

Lake Panasoffkee Language

Lake Panasoffkee Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White3,4081,03730.43%
Black30619262.75%
Hispanic314123.82%
showing: 3 rows

29.95%

Overall Poverty Rate

24.21%

Male Poverty Rate

35.12%

Female Poverty Rate

Poverty in Lake Panasoffkee

The race most likely to be in poverty in Lake Panasoffkee is Black, with 62.75% below the poverty level.

The race least likely to be in poverty in Lake Panasoffkee is Hispanic, with 3.82% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 7.87%. Among those working part-time, it was 22.36%, and for those that did not work, the poverty rate was 34.29%.

Lake Panasoffkee Poverty

rate

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Rate
Poverty
Some College25.11%
Less Than 9th Grade24.07%
High School20.69%
Bachelors or Greater18.61%
showing: 4 rows

Lake Panasoffkee Poverty Rate by Education

rate

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Rate
Poverty
Male Employed12.75%
Male Unemployed
Female Unemployed67.11%
Female Employed3.7%
showing: 4 rows

Lake Panasoffkee Poverty Rate by Employment Status and Sex

Lake Panasoffkee Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Lake Panasoffkee Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

49.1%

Overall Marriage Rate

48.8%

Male Marriage Rate

49.3%

Female Marriage Rate

Lake Panasoffkee Married by Age and Sex

male

female

Lake Panasoffkee Marriage

The age group where males are most likely to be married is 20-34, while the female age group most likely to be married is 45-54.

Lake Panasoffkee Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Lake Panasoffkee Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

415

Number of Veterans

404

Male Veterans

11

Female Veterans

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Lake Panasoffkee Veterans by War

count

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Lake Panasoffkee Veterans by Age

count

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Lake Panasoffkee Veterans by Race

Lake Panasoffkee Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

20%

Veteran Poverty Rate

43.86%

Veteran Disability Rate

Lake Panasoffkee Veterans by Education

LaborForceParticipation

52.3%

Labor Force Participation

50.1%

Employment Rate

4.2%

Unemployment Rate

Lake Panasoffkee Employment by Age

LaborForceParticipation

Lake Panasoffkee Employment by Race

LaborForceParticipation

Lake Panasoffkee Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

48.62%

Born in Lake Panasoffkee

97.65%

Native Born

2.35%

Foreign Born

Non Citizen

2.35%

Naturalized

Place of Birth

97.65% of Lake Panasoffkee residents were born in the United States, with 48.62% having been born in Florida. of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Lake Panasoffkee Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20244,173
20234,173
20224,17354214.93%
20213,631-418-10.32%
20204,04985226.65%
20193,197-109-3.3%
20183,3061364.29%
20173,170-206-6.1%
20163,376651.96%
20153,311-98-2.87%
20143,409651.94%
20133,344-454-11.95%
20123,798-531-12.27%
20114,32977821.91%
20103,551
showing: 15 rows

Lake Panasoffkee Population by Year