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CITY

Panacea

Florida · 894 residents · 1.668 sq mi
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The short version

Panacea has notably lower household income than the US average, with a median household income of $37,983. Population has declined 14% since 2023. 22% of adults hold a bachelor's degree or higher, below the national rate of 36%. With a median age of 56.1, the population is older than the US median of 38.9. Poverty is rare here, at 5.7% of residents. Households here earn about 49% less than the Florida median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 56.1
US median: 38.9
Less educated
22% hold a bachelor's degree
US average: 36%
Renter-heavy
49% owner-occupied
US average: 65%
Section 01

Population & growth

894
−14%since 2023
from 1,039 in 2023
2010 – 2024
536 / sq mi
−14%since 2023
from 623 / sq mi in 2023
US average: 281
56.1
+20%since 2023
from 46.7 in 2023
US average: 38.9
Population, 20102024
6167629091K1K201020202024Panacea
2024894
201020202024
Section 02

Income & economy

$37,983
+2%inflation adjusted, since 2023
from $36,332 in 2023
US average: $82,259
2010 – 2024
$19,360
+36%since 2023
from $14,216 in 2023
US average: $44,673
Households earning $100K+
9.6%
+2.7 ptssince 2023
from 6.9% in 2023
US average: 53.3%
5.7%
−18.5 ptssince 2023
from 24.2% in 2023
US average: 12.5%
0.302
+20%since 2023
from 0.252 in 2023
US average: 0.476
Workforce by industry, 2024
Information24.2%
US avg: 10.8%
Arts, entertainment, food14%
US avg: 1.9%
Finance & insurance6.3%
US avg: 5.9%
Professional, scientific, technical6.3%
US avg: 5.1%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Retail trade0%
US avg: 9.9%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$105,600
US average: $376,019
2010 – 2024
$959
US average: $1,442
48.9%
−26.6 ptssince 2023
from 75.5% in 2023
51.1% rent
34.1%
−3.2 ptssince 2023
from 37.3% in 2023
US average: 10.0%
0.0%
−35.9 ptssince 2023
from 35.9% in 2023
US average: 22.9%
76.2%
+16.2 ptssince 2023
from 60.0% in 2023
US average: 47.4%
2.8
2010 – 2024
RELATED:See current rent listings in Panacea on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic96.7%(1,005)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other3.3%(34)
Diversity Score7.9%(82)
2024
White, non-Hispanic96.9%(866)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other3.1%(28)
Diversity Score7.6%(68)
8
−4%since 2023
from 8 in 2023
2010 – 2024
Section 05

Education

22.1%
+1.6 ptssince 2023
from 20.5% in 2023
US average: 35.6%
High school or higher
73.4%
−3.6 ptssince 2023
from 77.1% in 2023
US average: 89.6%
12.4%
+0.5 ptssince 2023
from 11.9% in 2023
US average: 14.0%
Section 06

Commute & transportation

20.2 min
US average: 26.5
54.1%
+32.5 ptssince 2023
from 21.7% in 2023
US average: 68.9%
0.0%
−31.1 ptssince 2023
from 31.1% in 2023
US average: 8.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 15.0%
20.8%
+3.1 ptssince 2023
from 17.7% in 2023
US average: 2.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
41.8%
−7.2 ptssince 2023
from 49.0% in 2023
US average: 8.3%
Section 07

Work & employment

18.5%
+18.5 ptssince 2023
from 0.0% in 2023
US average: 5.2%
34.2%
−2.6 ptssince 2023
from 36.8% in 2023
US average: 63.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.1%
16.4%
+8.4 ptssince 2023
from 8.0% in 2023
US average: 42.5%
Section 08

People & community

46.3%
−1.9 ptssince 2023
from 48.2% in 2023
53.7%
+1.9 ptssince 2023
from 51.8% in 2023
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.1%
4.2%
+1.7 ptssince 2023
from 2.5% in 2023
US average: 6.2%
40.6%
−1.3 ptssince 2023
from 41.9% in 2023
US average: 13.3%
6.7%
−0.9 ptssince 2023
from 7.6% in 2023
US average: 8.4%
85.8%
+0.5 ptssince 2023
from 85.3% in 2023
US average: 91.0%
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
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Frequently asked

How many people live in Panacea, Florida?

Panacea, Florida has about 894 residents according to the 2024 American Community Survey.

What is the median household income in Panacea, Florida?

The typical household in Panacea, Florida earns about $37,983 a year. Half of households make more than that, and half make less.

Is Panacea, Florida expensive?

In Panacea, Florida, the median home is worth about $105,600, and the typical rent is about $959 a month.

How educated are people in Panacea, Florida?

About 22.1% of adults age 25 and over in Panacea, Florida hold a bachelor's degree or higher.

What is the poverty rate in Panacea, Florida?

About 5.7% of people in Panacea, Florida live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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