Is Lake Panasoffkee, FL a Good Place to Live?
Lake Panasoffkee is a small town of 4,173 in Florida, with a median household income of $45,222 and a 4.2% unemployment rate. Its cost of living index is 96 (US average = 100), which is 4% below the national average.
Strengths: Lake Panasoffkee stands out for an affordable cost of living, below-average home prices.
Trade-offs: Potential downsides include longer commutes. Whether Lake Panasoffkee is right for you depends on your priorities — the full breakdown is below.
All Lake Panasoffkee city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 96.3Lake Panasoffkee's overall cost of living index is 96.3, where 100 represents the US national average. Living in Lake Panasoffkee costs roughly 4% less than the average American city.
| Metric | Lake Panasoffkee, FL | National Avg |
|---|---|---|
| Median Home Value | $129,400 | $244,900 |
| Median Monthly Rent | $936 | $1,163 |
| Homeownership Rate | 73.3% | 65.9% |
| Median Household Income | $45,222 | $74,755 |
Crime & Safety
Crime data for Lake Panasoffkee is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
Lake Panasoffkee is served primarily by SUMTER. The student-to-teacher ratio is 15.4:1 (better than the national average of ~16:1).
| Metric | Lake Panasoffkee, FL | National Avg |
|---|---|---|
| School District | SUMTER | — |
| Elementary Schools | 5 | — |
| Middle Schools | 1 | — |
| High Schools | 2 | — |
| Student/Teacher Ratio | 15.4:1 | 16:1 |
| Bachelor's Degree or Higher | 9.8% | 35.4% |
| High School Diploma or Higher | 79.2% | 91.1% |
Weather & Climate
Lake Panasoffkee sees average highs of 69.3°F in January and 90.8°F in July, with 50.7 inches of annual precipitation .
| Metric | Lake Panasoffkee, FL |
|---|---|
| Average High — January | 69.3°F |
| Average High — July | 90.8°F |
| Annual Precipitation | 50.7" |
| Annual Snowfall | Trace / None |
Demographics
| Metric | Lake Panasoffkee, FL | National Avg |
|---|---|---|
| Population | 4,173 | — |
| Median Age | 49.4 | 38.9 |
| Unemployment Rate | 4.2% | 3.7% |
| Avg Commute Time | 31.8 min | 26 min |
| White (non-Hispanic) | 86.4% | 59.3% |
| Black or African American | 7.3% | 13.6% |
| Hispanic or Latino | 5.0% | 18.9% |
| Asian | 0.4% | 6.3% |
| Under 18 | 19.7% | 22.2% |
| 65 and over | 21.5% | 16.8% |
Nearby Cities
ZIP Codes in Lake Panasoffkee
Lake Panasoffkee, FL is covered by 1 ZIP code: