Lake Panasoffkee is a CDP located in Sumter County Florida. Lake Panasoffkee has a 2024 population of 4,277. Lake Panasoffkee is currently growing at a rate of 1.23% annually and its population has increased by 5.63% 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.
According to the most recent ACS, the racial composition of Lake Panasoffkee was:
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% |
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 | 2,149 | 2.11 | 68.6 | 31.4 |
| Married | 902 | 2.6 | 79.7 | 20.3 |
| Non Family | 823 | 1.22 | 61.7 | 38.3 |
| Female | 312 | 2.91 | 64.1 | 35.9 |
| Male | 112 | 2.39 | 42 | 58 |
2.57
Average Family Size
2.11
Average Household Size
68.6%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 502 | 14.12% |
| Associates Degree | 333 | 9.37% |
| Bachelors Degree | 227 | 6.39% |
| Graduate Degree | 116 | 3.26% |
| High School Graduate | 1,526 | 42.94% |
| Less Than 9th Grade | 93 | 2.62% |
| Some College | 757 | 21.3% |
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
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 3,105 | 2,724 | 328 |
| Black | 259 | 57 | 0 |
| Hispanic | 101 | 101 | 0 |
| 2+ Races | 91 | 91 | 0 |
| Other Race | 43 | 43 | 15 |
| Native American | 32 | 20 | 0 |
The highest rate of high school graduation is among other race people with a rate of 100%.
The highest rate of bachelors degrees is among other race people with a rate of 34.88%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $51,288 | $51,786 | $51,056 |
| Graduate Degree | $110,405 | $0 | $0 |
| High School Graduate | $30,964 | $43,516 | $26,818 |
| Less Than 9th Grade | $60,714 | $80,199 | $0 |
| Overall | $43,131 | $50,833 | $29,000 |
| Some College | $31,384 | $35,833 | $23,720 |
$43,131
Average Earnings
$50,833
Average Male
$29,000
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
99.82% of Lake Panasoffkee residents speak only English, while 0.18% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.18% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| White | 3,859 | 967 | 25.06% |
| Black | 373 | 197 | 52.82% |
| Hispanic | 171 | 16 | 9.36% |
26.24%
Overall Poverty Rate
21.18%
Male Poverty Rate
30.81%
Female Poverty Rate
The race most likely to be in poverty in Lake Panasoffkee is Black, with 52.82% below the poverty level.
The race least likely to be in poverty in Lake Panasoffkee is Hispanic, with 9.36% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 6.72%. Among those working part-time, it was 17.31%, and for those that did not work, the poverty rate was 33.67%.
rate
Rate | Poverty |
|---|---|
| Less Than 9th Grade | 28.57% |
| Some College | 23.58% |
| Bachelors or Greater | 17.78% |
| High School | 15.66% |
rate
Rate | Poverty |
|---|---|
| Male Employed | 9.22% |
| Male Unemployed | 0% |
| Female Unemployed | 57.27% |
| Female Employed | 0.68% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $60,156 | $67,767 |
| Households | $46,002 | $59,604 |
| Married Families | $80,170 | $-999,999,999 |
| Non Families | $31,212 | $42,510 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
45.8%
Overall Marriage Rate
47.1%
Male Marriage Rate
44.6%
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
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
410
Number of Veterans
398
Male Veterans
12
Female Veterans
War | Veterans |
|---|---|
| Vietnam | 180 |
| Second Gulf War | 75 |
| First Gulf War | 55 |
| Korea | 35 |
| World War II | 0 |
count
Age Group | Veterans |
|---|---|
| 65 to 74 | 137 |
| 55 to 64 | 110 |
| 75+ | 90 |
| 18 to 34 | 47 |
| 35 to 54 | 26 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 398 | 12.01% |
| Native American | 9 | 24.32% |
| 2+ Races | 3 | 2.22% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
22.93%
Veteran Poverty Rate
40%
Veteran Disability Rate
LaborForceParticipation
53.1%
Labor Force Participation
50.2%
Employment Rate
5.4%
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
50.06%
Born in Lake Panasoffkee
99.43%
Native Born
0.57%
Foreign Born
0%
Non Citizen
0.57%
Naturalized
99.43% of Lake Panasoffkee residents were born in the United States, with 50.06% 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 Latin America.
Year | Population | Growth | Change |
|---|---|---|---|
| 2024 | 4,277 | 52 | 1.23% |
| 2023 | 4,225 | 52 | 1.25% |
| 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% |