Lake Panasoffkee is a city located in Sumter County Florida. Lake Panasoffkee has a 2024 population of 4,297. Lake Panasoffkee is currently growing at a rate of 1.46% annually and its population has increased by 6.12% 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 age in Lake Panasoffkee is 49.4 years: 50.4 years for males, and 46.9 years for females.
According to the most recent ACS, the racial composition of Lake Panasoffkee was:
White
Black or African American
Two or more races
Other race
Native American
Asian
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 1,921 | 2.17 | 73.3 | 26.7 |
| Married | 831 | 2.78 | 87.7 | 12.3 |
| Non Family | 750 | 1.22 | 67.3 | 32.7 |
| Female | 240 | 3.1 | 56.3 | 43.8 |
| Male | 100 | 2.03 | 40 | 60 |
2.7
Average Family Size
2.17
Average Household Size
73.3%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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%.
All
Male
Female
$40,840
Average Earnings
$46,304
Average Male
$26,557
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
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.
rate
29.95%
Overall Poverty Rate
24.21%
Male Poverty Rate
35.12%
Female Poverty Rate
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%.
Married
Widowed
Divorced
Separated
NeverMarried
49.1%
Overall Marriage Rate
48.8%
Male Marriage Rate
49.3%
Female Marriage Rate
male
female
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.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
20%
Veteran Poverty Rate
43.86%
Veteran Disability Rate
LaborForceParticipation
52.3%
Labor Force Participation
50.1%
Employment Rate
4.2%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
Europe
Asia
Africa
Oceania
Latin America
North America
48.62%
Born in Lake Panasoffkee
97.65%
Native Born
2.35%
Foreign Born
0%
Non Citizen
2.35%
Naturalized
97.65% of Lake Panasoffkee residents were born in the United States, with 48.62% having been born in Florida. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2024 | 4,297 | 62 | 1.46% |
| 2023 | 4,235 | 62 | 1.49% |
| 2022 | 4,173 | 542 | 14.93% |
| 2021 | 3,631 | -418 | -10.32% |
| 2020 | 4,049 | 852 | 26.65% |
| 2019 | 3,197 | -109 | -3.3% |
| 2018 | 3,306 | 136 | 4.29% |
| 2017 | 3,170 | -206 | -6.1% |
| 2016 | 3,376 | 65 | 1.96% |
| 2015 | 3,311 | -98 | -2.87% |
| 2014 | 3,409 | 65 | 1.94% |
| 2013 | 3,344 | -454 | -11.95% |
| 2012 | 3,798 | -531 | -12.27% |
| 2011 | 4,329 | 778 | 21.91% |
| 2010 | 3,551 | 0 | 0% |