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Panacea, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
894
Population
$37,983
Median Income
$105,600
Home Value
56.1
Median Age

Demographics

Panacea has a population of 894 with a median age of 56.1. Here is the racial and ethnic breakdown of the population:

White
96.9%
Other
3.1%
Demographic Value
Total Population894
Median Age56.1
White96.9%
Other / Two or More Races3.1%
Panacea, Florida — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.9%Other: 3.1%894PopulationWhiteWhite96.9%OtherOther3.1%

Income & Economy

The median household income in Panacea is $37,983, which is 52.9% below the national median of $80,610. The per capita income is $19,360. The poverty rate is 5.7%.

$37,983
Median Household Income
$19,360
Per Capita Income
5.7%
Poverty Rate

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Education

In Panacea, 73.4% of residents age 25+ have a high school diploma or higher, and 22.1% hold a bachelor's degree or higher (12.4% with a graduate or professional degree).

HS Diploma+
73.4%
Bachelor's+
22.1%
Graduate+
12.4%
Education Level % of Adults (25+)
High School Diploma or Higher73.4%
Bachelor's Degree or Higher22.1%
Graduate or Professional Degree12.4%

Housing

The median home value in Panacea is $105,600, below the national median of $303,400. The median monthly rent is $959. The homeownership rate is 48.9%.

$105,600
Median Home Value
$959/mo
Median Rent
48.9%
Homeownership Rate
Housing Metric Value
Median Home Value$105,600
Median Monthly Rent$959
Homeownership Rate48.9%
Vacancy Rate34.1%

Salaries in Florida

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Frequently Asked Questions

What is the population of Panacea, Florida?
The population of Panacea, Florida is 894 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Panacea, Florida?
The median household income in Panacea, Florida is $37,983. This is 52.9% below the national median of $80,610.
What is the median home value in Panacea, Florida?
The median home value in Panacea, Florida is $105,600. The median monthly rent is $959.
What percentage of people in Panacea have a college degree?
In Panacea, Florida, 22.1% of adults age 25 and older hold a bachelor's degree or higher, and 73.4% have a high school diploma or higher.
Is Panacea, Florida an affordable place to live?
The home price-to-income ratio in Panacea, Florida is 2.8x (median home value $105,600 vs. median income $37,983), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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