Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Lake Panasoffkee is a small city located in the state of Florida. The city has a population of 4,049 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (90% White). Given that fact, Lake Panasoffkee could be considered less diverse than other cities. Based on an average age of 53, Lake Panasoffkee appears to be well-suited for seniors or retirees as the average age is well above the national average. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Lake Panasoffkee, your commute time will align closely with the national average, spanning a one-way duration of approximately 27 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Lake Panasoffkee could be a positive experience compared to other cities in Florida if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, crime, employment and other key data points, finding the best places to live in Lake Panasoffkee and in the areas around Lake Panasoffkee is a much easier task.
Lake Panasoffkee, FL receives 71 out of 100 for its livability score; this results in a ranking of #329 in Florida and #5,456 in the USA. If we dig a little deeper into each category within the livability score, we see that Lake Panasoffkee has higher than average grades for the following: crime (B+) and housing (B). On a more negative note, Lake Panasoffkee does not have favorable ranks for the following: amenities (F) and employment (F). If we take a look at the data, we can find out why.
When contemplating a move, job prospects often top the list of priorities. In Lake Panasoffkee, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.15% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Parents and families often rely on school test scores when making decisions about local public schools. Test score data serves as a crucial metric for comparing and assessing various educational institutions. In Lake Panasoffkee, the average school test scores reached an impressive 68%, significantly higher than the national average. This remarkable performance underscores the commitment of the educational system to equip students with the knowledge and resources necessary for success. It allows your children to receive the support and skills that are essential for thriving academically, making Lake Panasoffkee an excellent choice for families seeking a high-quality education.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lake Panasoffkee market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Lake Panasoffkee real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Lake Panasoffkee. Median real estate prices in Lake Panasoffkee come in at $85,800, which is 48.6% lower than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Lake Panasoffkee, the home price to income ratio is 2.5, which is 26.5% lower than the Florida average.
| Statistic | Lake Panasoffkee | Florida | National |
| Average one way commute | 27min | 27min | 26min |
| Workers who drive to work | 72.7% | 79.5% | 76.4% |
| Workers who carpool | 8.8% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 0.1% | 0.7% | 0.6% |
| Workers who walk | 0.9% | 1.5% | 2.8% |
| Working from home | 4.3% | 5.4% | 4.6% |
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