Lake Panasoffkee CDP, Florida Demographics & Population 2026

Population Overview

Lake Panasoffkee CDP is a small community located in Florida. The total population is 4,525. It ranks as the 506th most populous out of 953 cities and towns in Florida.

Age Demographics

The median age in Lake Panasoffkee CDP is 48.9 years. This is 15% higher than the state median of 42.6 years.

Economy, Income & Housing

The median household income in Lake Panasoffkee CDP is $46,002. This is 36% lower than the state median of $71,711. Compared to the national median of $78,538, household income here is 41% lower. The poverty rate stands at 26.2%. This is 108% higher than the state poverty rate of 12.6%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.4%. This is 12% higher than the state rate of 4.8%. The median home value is $133,300. Housing costs are 59% lower than the state median of $325,000. With a home-value-to-income ratio of just 2.9x, Lake Panasoffkee CDP is one of the most affordable housing markets in the area. 68.6% of occupied housing units are owner-occupied. This homeownership rate is 2% higher than the state average of 67.3%.

Race & Ethnicity

Lake Panasoffkee CDP has a predominantly White (non-Hispanic) population, comprising 85.9% of all residents. Black or African American residents account for 8.2%. The White (non-Hispanic) population is significantly higher than the state average (85.9% vs 51.4%). The Hispanic or Latino population (3.8%) is well below the state average of 26.8%.

Education

9.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% lower than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.3%.

Data Sources & Methodology

All demographic data for Lake Panasoffkee CDP, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.