Lake Panasoffkee

County:: Sumter County
County Seat:: No
Area (mi²):: 4.3
State:: Florida

Lake Panasoffkee is a CDP located in Sumter County, Florida. Lake Panasoffkee has a 2025 population of 4,328. Lake Panasoffkee is currently growing at a rate of 1.19% annually and its population has increased by 6.89% since the most recent census, which recorded a population of 4,049 in 2020.

The average household income in Lake Panasoffkee is $59,604 with a poverty rate of 26.24%. The median age in Lake Panasoffkee is 48.9 years: 47.6 years for males, and 49.5 years for females.

Demographics

The racial composition of Lake Panasoffkee includes 86.43% White, 8.24% Black or African American, and smaller percentages for Two or more races, other race, Native American, Asian, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Black or African American

Two or more races

Other race

Native American

Asian

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	3,911	86.43%
Black or African American	373	8.24%
Two or more races	135	2.98%
Other race	69	1.52%
Native American	37	0.82%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%

Lake Panasoffkee Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Lake Panasoffkee's average per capita income is $43,131. Household income levels show a median of $46,002. The poverty rate stands at 26.24%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$80,170	-
Families	$60,156	$67,767
Households	$46,002	$59,604
Non Families	$31,212	$42,510

$43,131

Average Income

$46,002

Median Household Income

26.24%

Poverty Rate