Lake Panasoffkee, FL

Census Place

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2024 Population
4,768
US Senator
Rick Scott
Republican Party
US Senator
Ashley Moody
Republican Party
2024 Median Age
46.5
4.91% 1-year decrease
2024 Poverty Rate
30.5%
16.1% 1-year increase
2024 Median Household Income
$44,531
3.2% 1-year decline
2024 Median Property Value
$153,000
14.8% 1-year growth
2024 Employed Population
1,941
0.727% 1-year growth

About

None of the households in Lake Panasoffkee, FL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

99.6% of the residents in Lake Panasoffkee, FL are U.S. citizens.

In 2024, the median property value in Lake Panasoffkee, FL was $153,000, and the homeownership rate was 66.2%.

Most people in Lake Panasoffkee, FL drove alone to work, and the average commute time was 27.5 minutes. The average car ownership in Lake Panasoffkee, FL was 2 cars per household.

United StatesFloridaSumter County, FLThe Villages, FLSumter County PUMA, FL

Population & Diversity

Lake Panasoffkee, FL is home to a population of 4.77k people, from which 99.6% are citizens. As of 2024, 0.923% of Lake Panasoffkee, FL residents were born outside of the country (44 people).

In 2024, there were 15.8 times more White (Non-Hispanic) residents (4.15k people) in Lake Panasoffkee, FL than any other race or ethnicity. There were 262 Black or African American (Non-Hispanic) and 151 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.6%
2024 Citizenship
100%
2023 Citizenship

As of 2024, 99.6% of Lake Panasoffkee, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lake Panasoffkee, FL was 100%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Lake Panasoffkee, FL compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Panasoffkee, FL
  1. White (Non-Hispanic)
    4.15k ± 616
  2. Black or African American (Non-Hispanic)
    262 ± 282
  3. Two Races Including Other (Hispanic)
    151 ± 164
5.24%
Hispanic Population
250 people

In 2024, there were 15.8 times more White (Non-Hispanic) residents (4.15k people) in Lake Panasoffkee, FL than any other race or ethnicity. There were 262 Black or African American (Non-Hispanic) and 151 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

5.24% of the people in Lake Panasoffkee, FL are hispanic (250 people).

The following chart shows the 8 races represented in Lake Panasoffkee, FL as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.
Most Common Origin
  1. Cuba
    1,008,771 ± 24,085 people
  2. Haiti
    353,350 ± 14,476 people
  3. Colombia
    307,955 ± 13,528 people

In 2023, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,008,771 Florida residents, followed by Haiti with 353,350 and Colombia with 307,955.

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Foreign-Born Population

0.923%
2024 Foreign-Born Population
44 people
0.575%
2023 Foreign-Born Population
26 people

As of 2024, 0.923% of Lake Panasoffkee, FL residents (44 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lake Panasoffkee, FL was 0.575%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Lake Panasoffkee, FL compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    128 ± 83
  2. Gulf War (1990s)
    55 ± 50
  3. Korea
    22 ± 28

Lake Panasoffkee, FL has a large population of military personnel who served in Vietnam, 2.33 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lake Panasoffkee, FL.

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Economy

The economy of Lake Panasoffkee, FL employs 1.94k people. In 2024, the largest industries in Lake Panasoffkee, FL were Retail Trade (329 people), Manufacturing (325 people), and Construction (205 people), and the highest paying industries were Construction ($58,698), Administrative & Support & Waste Management Services ($47,888), and Manufacturing ($46,803).

Employment

Occupations

1.94k
2024 Value
± 402
0.727%
1 Year growth
± 29.3%

From 2023 to 2024, employment in Lake Panasoffkee, FL grew at a rate of 0.727%, from 1.93k employees to 1.94k employees.

The most common job groups, by number of people living in Lake Panasoffkee, FL, are Sales & Related Occupations (216 people), Construction & Extraction Occupations (203 people), and Office & Administrative Support Occupations (192 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Panasoffkee, FL.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

1.94k
2024 Value
± 402
0.727%
1 Year growth
± 29.3%

From 2023 to 2024, employment in Lake Panasoffkee, FL grew at a rate of 0.727%, from 1.93k employees to 1.94k employees.

The most common employment sectors for those who live in Lake Panasoffkee, FL, are Retail Trade (329 people), Manufacturing (325 people), and Construction (205 people). This chart shows the share breakdown of the primary industries for residents of Lake Panasoffkee, FL, though some of these residents may live in Lake Panasoffkee, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$46,480
Median earning men ± $6,145
$33,979
Median earning women ± $8,453

The industries with the best median earnings for men in 2024 are Construction ($58,490), Finance & Insurance, & Real Estate & Rental & Leasing ($50,667), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($48,190).

The industries with the best median earnings for women in 2024 are Transportation & Warehousing, & Utilities ($57,833), Public Administration ($39,016), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($31,818).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Florida.
Y-Axis
4.23%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 9.69M people employed in Florida. This represents a 4.23% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 12.6%.

The following chart shows monthly employment numbers for each industry sector in Florida.

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Civics

In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

Rick Scott and Ashley Moody are the senators currently representing the state of Florida. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Florida is currently represented by 26 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Voting results are not available for Lake Panasoffkee, FL. Showing the available data for Florida.
2024 Election Results
  1. Donald J. Trump (56.1%)
    Republican Party
  2. Kamala Harris (43%)
    Democratic Party
  3. Jill Stein (0.396%)
    Green Party

In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

The following chart shows the popular vote results in Florida for each registered party from 1976 to 2024.

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Senator Elections

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.
Rick Scott
Senator from Florida1
Assumed office on January 8, 2019
Inauguration delayed in order to finish his term as Governor of Florida.
Ashley Moody
Senator from Florida2
Assumed office on January 21, 2025
While elections for full class 3 terms will take place in 2028, Florida will hold a special election in 2026 to elect a senator to complete the remainder of Marco Rubio's term.

Rick Scott and Ashley Moody are the senators currently representing Florida.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Florida over time, excluding special elections, colored by their political party.

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Housing & Living

The median property value in Lake Panasoffkee, FL was $153,000 in 2024, which is 0.46 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $133,300 to $153,000, a 14.8% increase. The homeownership rate in Lake Panasoffkee, FL is 66.2%, which is higher than the national average of 65.2%.

People in Lake Panasoffkee, FL have an average commute time of 27.5 minutes, and they drove alone to work. Car ownership in Lake Panasoffkee, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$153,000
Median Property Value 2024
±$30,903
$1,464
Median Property Taxes
±$319

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Panasoffkee, FL the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Lake Panasoffkee, FL compared to it's parent and neighbor geographies.

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Rent vs Own

66.2%
Homeownership
2024
68.5%
Homeowners with Mortgage
2024

In 2024, 66.2% of the housing units in Lake Panasoffkee, FL were occupied by their owner. This percentage declined from the previous year's rate of 68.6%.

This chart shows the percentage of owner in Lake Panasoffkee, FL compared it's parent and neighboring geographies.

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$44,531
Median Household Income
± $10,157
2.21k
Number of Households
± 401

In 2024, the median household income of the 2.21k households in Lake Panasoffkee, FL declined from $44,531 from the previous year's value of $46,002.

The following chart displays the households in Lake Panasoffkee, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

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Wage Distribution

The closest comparable wage GINI for Lake Panasoffkee, FL is from Florida.
0.473
2023 Wage GINI in Florida
0.474
2022 Wage GINI in Florida

In 2023, the income inequality in Florida was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.136% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.476. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (85.5%)
  2. Worked At Home (7.71%)
  3. Other (3.35%)

In 2024, 85.5% of workers in Lake Panasoffkee, FL drove alone to work, followed by those who worked at home (7.71%) and those who used some unspecified means to get work (3.35%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

27.5 minutes
Average Travel Time

Using averages, employees in Lake Panasoffkee, FL have a longer commute time (27.5 minutes) than the normal US worker (26.4 minutes). Additionally, 2.42% of the workforce in Lake Panasoffkee, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Panasoffkee, FL compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Lake Panasoffkee, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Panasoffkee, FL have 2 cars.

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Poverty

Poverty & Diversity

30.5% of the population for whom poverty status is determined in Lake Panasoffkee, FL (1.44k out of 4.73k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 6 - 11, followed by Females 55 - 64 and then Females 25 - 34.

The most common racial or ethnic group living below the poverty line in Lake Panasoffkee, FL is White, followed by Black and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

88.2% of the population of Lake Panasoffkee, FL has health coverage, with 27.7% on employee plans, 38.1% on Medicaid, 10.3% on Medicare, 9.67% on non-group plans, and 2.43% on military or VA plans.

Primary care physicians in Florida see 1,370 patients per year on average, which represents a 0% change from the previous year (1,370 patients). Compare this to dentists who see 1563 patients per year, and mental health providers who see 459 patients per year.

By gender, of the total number of insured persons, 45.7% were men and 54.3% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 19.1% under 18 years, 18.8% between 18 and 34 years, 42.6% between 35 and 64 years, and 19.4% over 64 years.

By gender, of the total number of insured persons, 45.7% were men and 54.3% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

11.8%
Uninsured
27.7%
Employer Coverage
38.1%
Medicaid
10.3%
Medicare
9.67%
Non-Group
2.43%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Lake Panasoffkee, FL declined by 1.24% from 12% to 11.8%.

The following chart shows how the percent of uninsured individuals in Lake Panasoffkee, FL changed over time compared with the percent of individuals enrolled in various types of health insurance.

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