Lake Panasoffkee, FL
Population 4,525 · Florida
About Lake Panasoffkee, FL
Lake Panasoffkee is a small community in Florida with a population of 4,525 residents. The median household income is $46,002 per year, which is below the national average. The median age in Lake Panasoffkee is 48.9 years.
Housing in Lake Panasoffkee has a median home value of $133,300 and median monthly rent of $962. Of the 2,756 total housing units, the majority are owner-occupied, with 1,474 owner-occupied and 675 renter-occupied units.
The unemployment rate in Lake Panasoffkee is 5.4% and the poverty rate is 26.2%. 9.7% of residents hold a bachelor's degree or higher. The average commute time is 29.4 minutes.
Cost of Living in Lake Panasoffkee, FL
Compared to national averages, Lake Panasoffkee has a median household income of $46,002 (39% below the national median of $75,149). Home values average $133,300, which is 46% below the national median. Monthly rent at $962 is 17% below the US average of $1,163. Within Florida, Lake Panasoffkee's income is 39% below the state average of $75,893, and home values are 62% below the state median of $353,675.
Why Live in Lake Panasoffkee, FL?
Lake Panasoffkee offers affordable housing with a median home value of $133,300, below the US average of $244,900, and rent that’s lower than the national average at $962/month.
Potential considerations include median household income ($46,002) that falls below the national average. However, Lake Panasoffkee’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Panasoffkee has a population of 4,525 with a median age of 48.9 years. Compare Lake Panasoffkee with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Panasoffkee
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Taylor Creek | 4,493 | $37,281 | $108,200 | Compare |
| Jasper | 4,485 | $41,759 | $100,100 | Compare |
| Plantation | 4,483 | $77,873 | $383,000 | Compare |
| Moon Lake | 4,572 | $36,901 | $49,400 | Compare |
| Ridge Manor | 4,478 | $55,096 | $223,000 | Compare |
| Big Pine Key | 4,584 | $92,452 | $561,500 | Compare |
| Wahneta | 4,464 | $51,795 | $70,900 | Compare |
| Charlotte Harbor | 4,456 | $41,750 | $194,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Panasoffkee
What is the population of Lake Panasoffkee, FL?
The population of Lake Panasoffkee, FL is 4,525 according to the latest Census data.
What is the median household income in Lake Panasoffkee?
The median household income in Lake Panasoffkee, FL is $46,002 per year.
What is the median home value in Lake Panasoffkee?
The median home value in Lake Panasoffkee, FL is $133,300.
What is the average rent in Lake Panasoffkee?
The median monthly rent in Lake Panasoffkee, FL is $962.
What is the unemployment rate in Lake Panasoffkee?
The unemployment rate in Lake Panasoffkee, FL is 5.4%.