Median Income
$46,002
39% lower than US avg
Home Value
$133,300
53% lower than US avg
Bachelor's+
9.7%
71% lower than US avg
Median Rent
$962
17% lower than US avg
Obesity Rate
35.3%
10% higher than US avg
Unemployment
2.9%
19% lower than US avg
Poverty Rate
23.2%
87% higher than US avg
How Lake Panasoffkee Compares to the U.S. Average (100% = U.S. avg)
People
Population4,525
Median Age48.9 yrs
Density1,052/mi²
Male / Female47% / 53%
Largest GroupWhite 86%
Economy
C+
Median Income$46,002
Per Capita$28,837
Unemployment2.9%
Poverty23.2%
County GDP$7,559M
Commute29 min
Housing
A+
Home Value$133,300
Rent$962
OwnershipN/A
Zillow$209,001
Health
Obesity35.3%
UninsuredN/A
Depression21.2%
Heart Disease6.8%
Climate
Avg Temp70°F
AQI41 (Good)
Elevation48 ft
Education
D
Bachelor's+9.7%
High School+83.3%
School Score5.60
Community
2024 VoteR 69% / D 31%
Commute29 min
Libraries5
Is Lake Panasoffkee a Good Place to Live?
Based on current data, Lake Panasoffkee receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include low unemployment, affordable housing. Areas to be aware of include an elevated poverty rate, below-average incomes. Lake Panasoffkee offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Lake Panasoffkee is $46,002, 39% below the national average of $75,149. The job market is very strong with unemployment at just 2.9%. The poverty rate of 23.2% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 29 minutes.
Cost of Living & Housing
The median home value in Lake Panasoffkee is $133,300, 53% below the national median — offering relatively affordable homeownership. Renters pay a median of $962 per month, below the national average — a plus for affordability. At just 2.9x median income, home prices are very affordable relative to local earnings.
Education
9.7% of residents hold a bachelor's degree, below the national average of 33.7%. 83.3% have completed high school. Area schools have an average test score of 5.6/10.
Climate & Weather
Lake Panasoffkee enjoys a moderate climate with an average annual temperature of 70°F. Winters average 56°F in January while summers reach 80°F in July. Air quality is rated Good with a median AQI of 41.
Lake Panasoffkee has a population of 4,525 with a density of 1,052 people per square mile. The median age is 48.9 years, 26% older than the national median of 38.9. The city is predominantly White (86.4%), with 8.2% Black.
Population
48.9yrs
Median Age
26% above US avg
Race & Ethnicity
Lake Panasoffkee vs U.S. Average
Language Spoken at Home
| English Only | 97.3% |
| 24% above US avg |
| Spanish | 2.7% |
| 80% below US avg |
Social Characteristics
Lake Panasoffkee vs U.S. Average
The median household income in Lake Panasoffkee is $46,002, which is 39% below the national average of $75,149. The unemployment rate is 2.9% (below the 3.6% US average). 23.2% of residents live below the poverty line. Workers commute an average of 29 minutes.
Income: Lake Panasoffkee vs U.S.
Income
| Median HH Income | $46,002 |
| 39% below US avg |
| Per Capita Income | $28,837 |
| Avg Weekly Wage | $1,113 |
| IRS Avg AGI | $94,619 |
Employment & Poverty
| Unemployment | 2.9% |
| 19% below US avg |
| Poverty Rate | 23.2% |
| 87% above US avg |
| Establishments (County) | 2,697 |
| County GDP | $7,559M |
Business (County)
| Restaurants | 191 |
| Healthcare | 271 |
| Retail | 282 |
| Manufacturing | 46 |
Tax & Cost of Living
| Property Tax (IRS) | $6,495 |
| 86% above US avg |
| Effective Tax Rate | 4.87% |
Commute & Transportation
| Commute Time | 29.4 min |
| Work from Home | 6.0% |
The median home value in Lake Panasoffkee is $133,300, 53% below the national average. Monthly rent averages $962 (17% below US avg). Zillow estimates the typical home value at $209,001.
Home Values
| Census Median | $133,300 |
| 53% below US avg |
| Zillow ZHVI | $209,001 |
| Median List Price | $225,000 |
Real Estate Market (Redfin)
| Median List Price | $225,000 |
| $/Sq Ft | $147 |
| Homes Sold | 5 |
| Sale-to-List Ratio | 100.8% |
| Price Drops | 8.3% |
| Inventory | 24 |
Rental Costs
| Census Median Rent | $962 |
| 17% below US avg |
HUD Fair Market Rent
| Studio | $1,212 |
| 1 Bedroom | $1,296 |
| 2 Bedrooms | $1,526 |
| 3 Bedrooms | $1,971 |
| 4 Bedrooms | $2,261 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $6,495 |
| 86% above US avg |
| Effective Rate | 4.87% |
In Lake Panasoffkee, 35.3% of adults are obese (above the 32.1% national rate). 21.2% report depression. 27.2% are physically inactive.
Health Metrics: Lake Panasoffkee vs U.S. Average (%)
Chronic Conditions
| Obesity | 35.3% |
| 10% above US avg |
| Diabetes | 11.1% |
| Heart Disease | 6.8% |
| High Blood Pressure | 32.7% |
| Asthma | 10.8% |
| COPD | 8.9% |
| Stroke | 3.6% |
Behaviors & Mental Health
| |
| Binge Drinking | 17.6% |
| Physical Inactivity | 27.2% |
| Depression | 21.2% |
| Mental Distress | 21.1% |
| Physical Distress | 16.2% |
Healthcare Access
| Insurance Rate | 87.1% |
| |
| Checkup Rate | 75.5% |
| Premature Death | 10,415/100K |
Food & Exercise
| Food Environment | 8.1/10 |
| Exercise Access | 89.3% |
| Healthcare Facilities | 271 |
Crime Rates: Lake Panasoffkee vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 33 |
Safety Score
Lake Panasoffkee has an average annual temperature of 70°F (21°C). Winters average 56°F in January while summers reach 80°F in July. Air quality is rated Good with a median AQI of 41.
Temperature
56°F Jan (13°C)
80°F Jul (27°C)
| Annual Average | 69.6°F |
| 29% above US avg |
| January Average | 56°F (13°C) |
| July Average | 80°F (27°C) |
Air Quality
| AQI Median | 41.0 |
| Rating | Good |
Geography
| Elevation | 48 ft (15 m) |
| Area | 4.3 sq mi (11.1 km²) |
| Population Density | 1,052/sq mi |
| Coordinates | 28.7843°N, 82.1231°W |
| County FIPS | 12119 |