Last updated: 2024 BLS data · Page refreshed:
Panacea has a population of 894 with a median age of 56.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 894 |
| Median Age | 56.1 |
| White | 96.9% |
| Other / Two or More Races | 3.1% |
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%.
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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).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 73.4% |
| Bachelor's Degree or Higher | 22.1% |
| Graduate or Professional Degree | 12.4% |
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%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $105,600 |
| Median Monthly Rent | $959 |
| Homeownership Rate | 48.9% |
| Vacancy Rate | 34.1% |
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