Apartments for rent in Lake Panasoffkee, FL

The small town of Lake Panasoffkee, Florida is home to slightly more than 3,000 residents. Retirees should fit right in, as they make up 34% of the population compared to 14% nationally, while young adults are less well-represented. At an average age of just over 51, the town's residents are older than most cities in Florida. Most residents own their homes in Lake Panasoffkee, and 25% of residents rent. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $675 per month. Over the course of a year, renters in Lake Panasoffkee will save around $5,700 compared to the state average.

Lake Panasoffkee has an average commute time of about 29 minutes. Driving is the prevailing way to get to work, selected by 30% of workers, while public transit is not used. A small percentage of commuters walk to work.

Compared to the national average, Lake Panasoffkee has a high number of residents over the age of 25 who have earned a high school degree or GED (37%). Furthermore, 5% possess a Bachelor's degree and 1% have earned a Master's degree or Doctorate. Ten percent of the population in Lake Panasoffkee works in retail, making it the most common industry. Meanwhile, looking at job function, 7% of residents work in sales, which ranks as the top career path in the town. Lake Panasoffkee workers earn an average annual income of about $40K, less than the average Florida resident. The town's average income also trails the national average of $73,345.