The Lake Panasoffkee Census Designated Place had a population of 4,094 as of July 1, 2020. Lake Panasoffkee ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.
The primary coordinate point for Lake Panasoffkee is located at latitude 28.7558 and longitude -82.0948 in Sumter County. The formal boundaries for the Lake Panasoffkee Census Designated Place encompass a land area of 3.96 sq. miles and a water area of 0.25 sq. miles. Sumter County is in the Eastern time zone (GMT -5). The elevation is 59 feet.
The Lake Panasoffkee Census Designated Place (GNIS ID: 2403202) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Lake Panasoffkee Census Designated Place is located within Bushnell-Center Hill CCD of Sumter County.
Alternate Unofficial Names for Lake Panasoffkee: Panasoffkee, Panasofkee.
|Total Population||4,094 (100%)|
|Population in Households||4,094 (100.0%)|
|Population in Families||3,108 (75.9%)|
|Population in Group Quarters1||0|
|Median Household Income||$41,573|
|Average Household Income||$48,127|
|% of Income for Mortgage4||12%|
|Per Capita Income||$22,317|
|Total HU (Housing Units)||2,754 (100%)|
|Owner Occupied HU||1,483 (53.8%)|
|Renter Occupied HU||439 (15.9%)|
|Vacant Housing Units||831 (30.2%)|
|Median Home Value||$114,394|
|Average Home Value||$165,695|
|Housing Affordability Index3||214|
|Average Household Size||2.13|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.78%|
|Per Capita Income||2.02%|
|Owner Occupied HU||2.24%|
The table below compares Lake Panasoffkee to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 522||43rd|
|Population Density||# 587||36th|
|Median Household Income||# 699||24th|
|Housing Affordability Index||# 774||84th|
|Per Capita Income||# 673||27th|
|Diversity Index||# 802||13th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.