Lake Panasoffkee, FL

Census Place

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2022 Population

4,173

14.9% 1-year growth

2022 Median Age

49.4

6.26% 1-year decrease

2022 Poverty Rate

30%

6.81% 1-year increase

2022 Median Household Income

$45,222

23.6% 1-year growth

2022 Median Property Value

$129,400

44.9% 1-year growth

About

In 2022, Lake Panasoffkee, FL had a population of 4.17k people with a median age of 49.4 and a median household income of $45,222. Between 2021 and 2022 the population of Lake Panasoffkee, FL grew from 3,631 to 4,173, a 14.9% increase and its median household income grew from $36,597 to $45,222, a 23.6% increase.

The 5 largest ethnic groups in Lake Panasoffkee, FL are White (Non-Hispanic) (82.4%), Black or African American (Non-Hispanic) (7.33%), White (Hispanic) (3.98%), Two+ (Hispanic) (2.47%), and Other (Non-Hispanic) (1.2%).

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 2022, the median property value in Lake Panasoffkee, FL was $129,400, and the homeownership rate was 73.3%.

Most people in Lake Panasoffkee, FL drove alone to work, and the average commute time was 31.8 minutes. The average car ownership in Lake Panasoffkee, FL was 2 cars per household.

United States

Population & Diversity

Lake Panasoffkee, FL is home to a population of 4.17k people, from which 100% are citizens. As of 2022, 2.35% of Lake Panasoffkee, FL residents were born outside of the country (98 people).

In 2022, there were 11.2 times more White (Non-Hispanic) residents (3.44k people) in Lake Panasoffkee, FL than any other race or ethnicity. There were 306 Black or African American (Non-Hispanic) and 166 White (Hispanic) residents, the second and third most common ethnic groups.

Citizenship

100%

2022 Citizenship

99.8%

2021 Citizenship

As of 2022, 100% of Lake Panasoffkee, FL residents were US citizens, which is higher than the national average of 93.5%. In 2021, the percentage of US citizens in Lake Panasoffkee, FL was 99.8%, meaning that the rate of citizenship has been increasing.

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)
3.44k ± 548
Black or African American (Non-Hispanic)
306 ± 285
White (Hispanic)
166 ± 144

7.52%

Hispanic Population

314 people

7.52% of the people in Lake Panasoffkee, FL are hispanic (314 people).

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

Foreign-Born Population

2.35%

2022 Foreign-Born Population

98 people

2.59%

2021 Foreign-Born Population

94 people

As of 2022, 2.35% of Lake Panasoffkee, FL residents (98 people) were born outside of the United States, which is lower than the national average of 13.6%. In 2021, the percentage of foreign-born citizens in Lake Panasoffkee, FL was 2.59%, 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
155 ± 65
Gulf War (2001-)
71 ± 91
Gulf War (1990s)
45 ± 54

Lake Panasoffkee, FL has a large population of military personnel who served in Vietnam, 2.18 times greater than any other conflict.

Economy

The economy of Lake Panasoffkee, FL employs 1.75k people. The largest industries in Lake Panasoffkee, FL are Manufacturing (353 people), Retail Trade (285 people), and Construction (251 people), and the highest paying industries are Construction ($53,099), Manufacturing ($50,378), and Total ($39,779).

Employment

Occupations

1.75k

2022 Value

± 361

25.3%

1 Year growth

± 23.4%

From 2021 to 2022, employment in Lake Panasoffkee, FL grew at a rate of 25.3%, from 1.4k employees to 1.75k employees.

The most common job groups, by number of people living in Lake Panasoffkee, FL, are Construction & Extraction Occupations (283 people), Sales & Related Occupations (216 people), and Production Occupations (202 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 the United States (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

1.75k

2022 Value

± 361

25.3%

1 Year growth

± 23.4%

From 2021 to 2022, employment in Lake Panasoffkee, FL grew at a rate of 25.3%, from 1.4k employees to 1.75k employees.

The most common employment sectors for those who live in Lake Panasoffkee, FL, are Manufacturing (353 people), Retail Trade (285 people), and Construction (251 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

$46,413

Median earning men ± $10,821

$26,492

Median earning women ± $9,104

The industries with the best median earnings for men in 2022 are Construction ($52,959), Manufacturing ($50,378), and Retail Trade ($27,402).

The industries with the best median earnings for women in 2022 are Public Administration ($36,810), Finance & Insurance, & Real Estate & Rental & Leasing ($28,661), and Educational Services, & Health Care & Social Assistance ($25,081).

Civics

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

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming is currently represented by 435 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Senator Elections

US Senators from the United States

Senator from N/AN/A

N/AN/A
N/A
N/AN/A
N/A

are the senators currently representing the United States.

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 the United States over time, excluding special elections, colored by their political party.

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US Representative Elections

US Representatives from Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming have changed over time starting in 2008.

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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 $129,400 in 2022, which is 0.459 times smaller than the national average of $281,900. Between 2021 and 2022 the median property value increased from $89,300 to $129,400, a 44.9% increase. The homeownership rate in Lake Panasoffkee, FL is 73.3%, which is approximately the same as the national average of 64.8%.

People in Lake Panasoffkee, FL have an average commute time of 31.8 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.

Property

$129,400

Median Property Value 2022

±$44,927

$1,409

Median Property Taxes

±$284

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

73.3%

Homeownership

2022

67.5%

Homeowners with Mortgage

2022

In 2022, 73.3% of the housing units in Lake Panasoffkee, FL were occupied by their owner. This percentage declined from the previous year's rate of 76.2%.

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

Census Tract 9104.01

Highest Median Household Income (Total)

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.

$45,222

Median Household Income

± $7,734

1.92k

Number of Households

± 348

In 2022, the median household income of the 1.92k households in Lake Panasoffkee, FL grew to $45,222 from the previous year's value of $36,597.

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 Lake Panasoffkee, FL.

N/A Wage GINI in N/A

In N/A, the income inequality in N/A was N/A according to the GINI calculation of the wage distribution. Income inequality had a N/A N/A from N/A to N/A, which means that wage distribution grew somewhat N/A even. The GINI for N/A was N/A than the national average of 0.478. In other words, wages are distributed N/A evenly in N/A in comparison to the national average.

This chart shows the number of workers in Lake Panasoffkee, FL across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2022

Drove Alone (81%)
Carpooled (9.52%)
Worked At Home (6.04%)

In 2022, 81% of workers in Lake Panasoffkee, FL drove alone to work, followed by those who carpooled to work (9.52%) and those who worked at home (6.04%).

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

31.8 minutes

Average Travel Time

Using averages, employees in Lake Panasoffkee, FL have a longer commute time (31.8 minutes) than the normal US worker (26.7 minutes). Additionally, 4.94% 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

30% of the population for whom poverty status is determined in Lake Panasoffkee, FL (1.24k out of 4.14k 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 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

87.1% of the population of Lake Panasoffkee, FL has health coverage, with 25.4% on employee plans, 35.4% on Medicaid, 14.5% on Medicare, 7.6% on non-group plans, and 4.22% on military or VA plans.

Coverage

Health Care Diversity

In 2022, insured persons according to age ranges were distributed in 19.8% under 18 years, 16.2% between 18 and 34 years, 42.4% between 35 and 64 years, and 21.5% over 64 years.

By gender, of the total number of insured persons, 45.2% were men and 54.8% were women.

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

Uninsured People

12.9%

Uninsured

25.4%

Employer Coverage

35.4%

Medicaid

14.5%

Medicare

7.6%

Non-Group

4.22%

Military or VA

Between 2021 and 2022, the percent of uninsured citizens in Lake Panasoffkee, FL grew by 28.7% from 10.1% to 12.9%.

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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