Lake Panasoffkee, Florida Population 2022

4,176
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Lake Panasoffkee is a city located in Sumter County Florida. With a 2020 population of 4,176, it is the 502nd largest city in Florida and the 7381st largest city in the United States. Lake Panasoffkee is currently growing at a rate of 1.26% annually and its population has increased by 2.55% since the most recent census, which recorded a population of 4,072 in 2020. Spanning over 4 miles, Lake Panasoffkee has a population density of 1,053 people per square mile.

The average household income in Lake Panasoffkee is $54,150 with a poverty rate of 23.51%. The median rental costs in recent years comes to $814 per month, and the median house value is $85,800. The median age in Lake Panasoffkee is 57.6 years, 56.6 years for males, and 58.3 years for females.

Lake Panasoffkee Demographics

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

  • White: 90.34%
  • Two or more races: 5.75%
  • Black or African American: 1.98%
  • Asian: 0.84%
  • Native American: 0.79%
  • Other race: 0.30%
  • Native Hawaiian or Pacific Islander: 0.00%
The current population of Lake Panasoffkee, Florida is 4,176 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 4,072.

Lake Panasoffkee, Florida Population 2022

Population by Race

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Lake Panasoffkee Population by Race

Lake Panasoffkee Population Pyramid 2022

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Lake Panasoffkee Median Age

53.2


Total

51.4


Male

53.8


Female

Lake Panasoffkee Adults

There are 3,484 adults, (1,055 of whom are seniors) in Lake Panasoffkee.

Lake Panasoffkee Age Dependency

Age Dependency Ratio

43.4

Old Age Dependency Ratio

23.3

Child Dependency Ratio

Lake Panasoffkee Sex Ratio

Female

2,164

53.45%

Male

1,885

46.55%

Lake Panasoffkee Population by Age

Lake Panasoffkee Renter vs Owner Occupied by Household Type

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Lake Panasoffkee Household Types

75.7%

Rate of Home Ownership

Lake Panasoffkee Households and Families

3.09

Average Family Size

2.34

Average Household Size

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Lake Panasoffkee Households by Type

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Lake Panasoffkee Educational Attainment by Sex (over 25)

Lake Panasoffkee Educational Attainment by Race

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The highest rate of high school graduation is among native american people with a rate of 100.00%.

The highest rate of bachelors degrees is among asian people with a rate of 32.35%.

Lake Panasoffkee Educational Attainment by Race

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$24,602

Average Earnings

$25,252

Average Male

$19,511

Average Female

Lake Panasoffkee Earnings by Educational Attainment

Lake Panasoffkee Language by Age

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Lake Panasoffkee Language

95.88% of Lake Panasoffkee residents speak only English, while 4.12% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 2.14% of the population.

Lake Panasoffkee Language

Lake Panasoffkee Poverty by Race

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23.51%

Overall Poverty Rate

13.74%

Male Poverty Rate

32.02%

Female Poverty Rate

Poverty in Lake Panasoffkee

The race most likely to be in poverty in Lake Panasoffkee is Black, with 100.00% below the poverty level.

The race least likely to be in poverty in Lake Panasoffkee is Hispanic, with 2.88% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 11.96%. Among those working part-time, it was 14.38%, and for those that did not work, the poverty rate was 24.19%.

Lake Panasoffkee Poverty

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Lake Panasoffkee Poverty Rate by Education

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Lake Panasoffkee Poverty Rate by Employment Status and Sex

Lake Panasoffkee Income by Household Type

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Income by Household Type

Lake Panasoffkee Marital Status

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Marriage Rates

47.7%

Overall Marriage Rate

46.4%

Male Marriage Rate

49.0%

Female Marriage Rate

Lake Panasoffkee Married by Age and Sex

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Lake Panasoffkee Marriage

The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 45-54.

Lake Panasoffkee Marital Status by Race

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Lake Panasoffkee Marital Status

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411

Number of Veterans

Male Veterans

Female Veterans

Lake Panasoffkee Veterans by War

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Lake Panasoffkee Veterans by Age

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Lake Panasoffkee Veterans by Race

Lake Panasoffkee Veterans by Education

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2.19%

Veteran Poverty Rate

39.66%

Veteran Disability Rate

Lake Panasoffkee Veterans by Education

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48.8%

Labor Force Participation

47.7%

Employment Rate

2.4%

Unemployment Rate

Lake Panasoffkee Employment by Age

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Lake Panasoffkee Employment by Race

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Lake Panasoffkee Employment by Education

Origin of Non-Citizens

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

Origin of Naturalized Citizens

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45.34%

Born in Lake Panasoffkee

97.31%

Native Born

2.69%

Foreign Born

0.15%

Non Citizen

2.54%

Naturalized

Place of Birth

97.31% of Lake Panasoffkee residents were born in the United States, with 45.34% having been born in Florida. 0.15% 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: 2021 and 2022 data is projected

Lake Panasoffkee Population by Year