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Lake Panasoffkee, FL
Full City Profile · Florida · Sumter County County
Lake Panasoffkee, FL
At a Glance
How Lake Panasoffkee Compares to the U.S. Average
Each bar shows Lake Panasoffkee's value as a percentage of the national average (100% = U.S. avg)
Is Lake Panasoffkee a Good Place to Live?
Economy & Jobs
Lake Panasoffkee residents earn a median household income of $46,002 , which is 39% below the national average of $75,149. Per capita income is $28,837. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 23.2% of residents live below the poverty line. The area is home to 2,697 business establishments, including 191 restaurants.
Housing & Cost of Living
The median home value in Lake Panasoffkee is $133,300 , 53% below the national median of $281,900. Zillow estimates the typical home at $209,001. Median rent is $962/month, with 35.1% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 1983.
Safety & Crime
Lake Panasoffkee reports 728 violent crimes per 100,000 residents , which is 92% above the national average of 380/100K. Property crime is 2,594/100K.
Education
9.7% of adults in Lake Panasoffkee hold a bachelor's degree or higher (71% below the national average). 83.3% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
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. The area gets 319 sunny days per year. Air quality is rated Good with a median AQI of 41.