Lake Panasoffkee, FL

Census Place

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2023 Population

4,525

8.44% 1-year growth

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2023 Median Age

48.9

1.01% 1-year decrease

2023 Poverty Rate

26.2%

12.4% 1-year decrease

2023 Median Household Income

$46,002

1.72% 1-year growth

2023 Median Property Value

$133,300

3.01% 1-year growth

2023 Employed Population

1,927

10.2% 1-year growth

About

In 2023, Lake Panasoffkee, FL had a population of 4.53k people with a median age of 48.9 and a median household income of $46,002. Between 2022 and 2023 the population of Lake Panasoffkee, FL grew from 4,173 to 4,525, a 8.44% increase and its median household income grew from $45,222 to $46,002, a 1.72% increase.

The 5 largest ethnic groups in Lake Panasoffkee, FL are White (Non-Hispanic) (85.9%), Black or African American (Non-Hispanic) (8.24%), Two+ (Hispanic) (2.67%), Other (Non-Hispanic) (0.95%), and American Indian & Alaska Native (Non-Hispanic) (0.818%).

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.

100% of the residents in Lake Panasoffkee, FL are U.S. citizens.

In 2023, the median property value in Lake Panasoffkee, FL was $133,300, and the homeownership rate was 68.6%.

Most people in Lake Panasoffkee, FL drove alone to work, and the average commute time was 29.4 minutes. The average car ownership in Lake Panasoffkee, FL was 2 cars per household.

United States Florida Sumter County, FL The Villages, FL Sumter County PUMA, FL

Population & Diversity

Lake Panasoffkee, FL is home to a population of 4.53k people, from which 100% are citizens. As of 2023, 0.575% of Lake Panasoffkee, FL residents were born outside of the country (26 people).

In 2023, there were 10.4 times more White (Non-Hispanic) residents (3.89k people) in Lake Panasoffkee, FL than any other race or ethnicity. There were 373 Black or African American (Non-Hispanic) and 121 Two+ (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2023 Citizenship

100%

2022 Citizenship

As of 2023, 100% of Lake Panasoffkee, FL residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Lake Panasoffkee, FL was 100%, meaning that the rate of citizenship has been maintaining.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Panasoffkee, FL

White (Non-Hispanic)
3.89k ± 582
Black or African American (Non-Hispanic)
373 ± 315
Two+ (Hispanic)
121 ± 121

3.78%

Hispanic Population

171 people

3.78% of the people in Lake Panasoffkee, FL are hispanic (171 people).

The following chart shows the 7 races represented in Lake Panasoffkee, FL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,003,261 ± 24,014 people
Haiti
344,713 ± 14,299 people
Colombia
299,067 ± 13,333 people

In 2022, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,003,261 Florida residents, followed by Haiti with 344,713 and Colombia with 299,067.

Foreign-Born Population

0.575%

2023 Foreign-Born Population

26 people

2.35%

2022 Foreign-Born Population

98 people

As of 2023, 0.575% of Lake Panasoffkee, FL residents (26 people) were born outside of the United States, which is lower than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Lake Panasoffkee, FL was 2.35%, meaning that the rate has been decreasing.

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

Military

Veterans

Most Common Service Period

Vietnam
134 ± 59
Gulf War (2001-)
75 ± 100
Gulf War (1990s)
55 ± 58

Lake Panasoffkee, FL has a large population of military personnel who served in Vietnam, 1.79 times greater than any other conflict.

Economy

The economy of Lake Panasoffkee, FL employs 1.93k people. The largest industries in Lake Panasoffkee, FL are Manufacturing (406 people), Retail Trade (371 people), and Public Administration (186 people), and the highest paying industries are Professional, Scientific, & Management, & Administrative & Waste Management Services ($73,629), Manufacturing ($70,294), and Construction ($56,786).

Males in Florida have an average income that is 1.34 times higher than the average income of females, which is $56,054. The income inequality in Florida (measured using the Gini index) is 0.474, which is lower than than the national average.

Employment

Occupations

1.93k

2023 Value

± 406

10.2%

1 Year growth

± 26.8%

From 2022 to 2023, employment in Lake Panasoffkee, FL grew at a rate of 10.2%, from 1.75k employees to 1.93k employees.

The most common job groups, by number of people living in Lake Panasoffkee, FL, are Sales & Related Occupations (298 people), Production Occupations (256 people), and Management Occupations (184 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Panasoffkee, FL.

Unemployment Insurance Claims

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

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

1.93k

2023 Value

± 406

10.2%

1 Year growth

± 26.8%

From 2022 to 2023, employment in Lake Panasoffkee, FL grew at a rate of 10.2%, from 1.75k employees to 1.93k employees.

The most common employment sectors for those who live in Lake Panasoffkee, FL, are Manufacturing (406 people), Retail Trade (371 people), and Public Administration (186 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.

Median Earnings by Industry

$47,557

Median earning men ± $11,735

$31,676

Median earning women ± $11,127

The industries with the best median earnings for men in 2023 are Manufacturing ($70,294), Professional, Scientific, & Management, & Administrative & Waste Management Services ($60,000), and Construction ($56,786).

The industries with the best median earnings for women in 2023 are Transportation & Warehousing, & Utilities ($57,772), Arts, Entertainment, & Recreation, & Accommodations & Food Services ($42,695), and Public Administration ($38,797).

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.

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

Presidential Popular Vote Over Time

Voting results are not available for Lake Panasoffkee, FL. Showing the available data for Florida.

2024 Election Results

Donald J. Trump (56.1%)
Republican Party
Kamala Harris (43%)
Democratic Party
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.

Senator Elections

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.

Rick Scott

Senator from Florida

Assumed office on January 8, 2019
Inauguration delayed in order to finish his term as Governor of Florida.

Ashley Moody

Senator from Florida

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.

US Representative Elections

US Representatives from Florida

Florida is currently represented by 26 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Florida have changed over time starting in 2008.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

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

Measure

In 2022, 1.19% of men over 25 years of age had not completed any academic degree (no schooling), while 1.2% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

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

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (4.97M), Some college (3.58M), and Bachelors Degree (3.32M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Lake Panasoffkee, FL was $133,300 in 2023, which is 0.439 times smaller than the national average of $303,400. Between 2022 and 2023 the median property value increased from $129,400 to $133,300, a 3.01% increase. The homeownership rate in Lake Panasoffkee, FL is 68.6%, which is approximately the same as the national average of 65%.

People in Lake Panasoffkee, FL have an average commute time of 29.4 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

$133,300

Median Property Value 2023

±$35,185

$1,474

Median Property Taxes

±$330

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.

Rent vs Own

68.6%

Homeownership

2023

66.9%

Homeowners with Mortgage

2023

In 2023, 68.6% of the housing units in Lake Panasoffkee, FL were occupied by their owner. This percentage declined from the previous year's rate of 73.3%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

The following map shows all of the places in Lake Panasoffkee, FL colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$46,002

Median Household Income

± $5,144

2.15k

Number of Households

± 402

In 2023, the median household income of the 2.15k households in Lake Panasoffkee, FL grew to $46,002 from the previous year's value of $45,222.

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.

Wage Distribution

The closest comparable wage GINI for Lake Panasoffkee, FL is from Florida.

0.474

2022 Wage GINI in Florida

0.473

2021 Wage GINI in Florida

In 2022, the income inequality in Florida was 0.474 according to the GINI calculation of the wage distribution. Income inequality had a 0.285% growth from 2021 to 2022, which means that wage distribution grew somewhat less even. The GINI for Florida was lower than than the national average of 0.478. 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.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (84%)
Carpooled (6.05%)
Worked At Home (6.05%)

In 2023, 84% of workers in Lake Panasoffkee, FL drove alone to work, followed by those who carpooled to work (6.05%) and those who worked at home (6.05%).

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.

Commute Time

29.4 minutes

Average Travel Time

Using averages, employees in Lake Panasoffkee, FL have a longer commute time (29.4 minutes) than the normal US worker (26.6 minutes). Additionally, 1.94% 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.

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.

Poverty

Poverty & Diversity

26.2% of the population for whom poverty status is determined in Lake Panasoffkee, FL (1.18k out of 4.5k people) live below the poverty line, a number that is higher than the national average of 12.4%. The largest demographic living in poverty are Females 6 - 11, followed by Females 25 - 34 and then Males 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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

88% of the population of Lake Panasoffkee, FL has health coverage, with 25.9% on employee plans, 35.5% on Medicaid, 11.9% on Medicare, 10.8% on non-group plans, and 3.85% on military or VA plans.

Primary care physicians in Sumter County, FL see 2574 patients per year on average, which represents a 3.04% increase from the previous year (2498 patients). Compare this to dentists who see 3014 patients per year, and mental health providers who see 1938 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Sumter County, FL.

2,574 to 1

Patient to Primary Care Physician Ratio in Sumter County, FL

Primary care physicians in Sumter County, FL see an average of 2,574 patients per year. This represents a 3.04% increase from the previous year (2,498 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Sumter County, FL in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 16.8% under 18 years, 20.1% between 18 and 34 years, 43.2% between 35 and 64 years, and 19.9% over 64 years.

By gender, of the total number of insured persons, 44.9% were men and 55.1% were women.

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

Uninsured People

12%

Uninsured

25.9%

Employer Coverage

35.5%

Medicaid

11.9%

Medicare

10.8%

Non-Group

3.85%

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Lake Panasoffkee, FL declined by 7.44% from 12.9% to 12%.

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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