Lake Panasoffkee is a very small town located in the state of Florida. With a population of 4,072 people and three associated neighborhoods, Lake Panasoffkee is the 306th largest community in Florida.

Residents will find that the town is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Lake Panasoffkee is worth considering.

One downside of living in Lake Panasoffkee is that it can take a long time to commute to work. In Lake Panasoffkee, the average commute to work is 31.15 minutes, which is quite a bit higher than the national average.

As is often the case in a small town, Lake Panasoffkee doesn't have a public transportation system that people use for their commute.

The population of Lake Panasoffkee has a very low overall level of education: only 9.78% of people over 25 hold a 4-year college degree or higher.

The per capita income in Lake Panasoffkee in 2022 was $27,390, which is lower middle income relative to Florida and the nation. This equates to an annual income of $109,560 for a family of four. However, Lake Panasoffkee contains both very wealthy and poor people as well.

Lake Panasoffkee is a somewhat ethnically-diverse town. The people who call Lake Panasoffkee home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Panasoffkee residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lake Panasoffkee include Irish, German, English, Italian, and Portuguese.

The most common language spoken in Lake Panasoffkee is English. Other important languages spoken here include Portuguese and Korean.