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Lake Panasoffkee, FL
Full City Profile · Florida · Sumter County County
2.7
/5.0
C+
Fair
4,525
Population
1,052/sq mi density
$46,002
Median Income
$28,837 per capita
$133,300
Home Value
$209,001 Zillow
$962
Median Rent
35.1% income on rent
70°F
Avg Temperature
319 sunny days/yr
728
Violent Crime/100K
2,594 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$46,002 median income, 2.9% unemployment
A+
Affordability
5.0 / 5.0
$133,300 home value, $962/mo rent
F
Safety
1.0 / 5.0
728 violent crimes/100K (92% above avg)
D
Education
1.8 / 5.0
9.7% bachelor's degree or higher
Income Overview
Median Household Income
$46,002
39% below
US avg: $75,149
Per Capita Income
$28,837
26% below
US avg: $39,052
Unemployment Rate
2.9%
19% below
US avg: 3.6%
Poverty Rate
23.2%
87% above
US avg: 12.4%
Income Comparison: Lake Panasoffkee vs. U.S. Average
Each bar shows Lake Panasoffkee’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$46,002
61%
Per Capita
US: $39,052
$28,837
74%
IRS Avg AGI
US: $72,000
$94,619
131%
Avg Weekly Wage
US: $1,432
$1,113
78%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,113
22% below US avg ($1,432)
Mean Commute Time
29 min
7% above US avg (28 min)
Work From Home
6.0%
61% below US avg (15.2%)
Drive Alone
84.0%
15% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$7,559M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
84%
Public Transit
0%
Work From Home
6%
Other
10%
Average commute time
29 minutes
US avg: 28 min
Business Landscape
Total Establishments
2,697
Restaurants
191
Healthcare
271
Retail
282
Manufacturing
46
Tax & Financial
IRS Avg Adjusted Gross Income
$94,619
31% above US avg ($72,000)
Avg Property Tax
$6,495
86% above US avg ($3,500)
Cost of Living Index
103.4
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $46,002 |
| Per Capita Income | $28,837 |
| IRS Avg Adjusted Gross Income | $94,619 |
| Avg Weekly Wage | $1,113 |
| County GDP | $7,559M |
Hardship Indicators
| Unemployment Rate | 2.9% |
| Poverty Rate | 23.2% |
| Gini Coefficient | 0.423 |
| Cost of Living Index | 103.4 |
Commute
| Mean Commute | 29 minutes |
| Drive Alone | 84.0% |
| Public Transit | 0.0% |
| Work From Home | 6.0% |
Businesses
| Total Establishments | 2,697 |
| Restaurants | 191 |
| Healthcare | 271 |
| Retail | 282 |
| Manufacturing | 46 |
Tax
| IRS Avg AGI | $94,619 |
| Avg Property Tax | $6,495 |