Panacea is a city located in Franklin County and Wakulla County Florida. Panacea has a 2024 population of 1,356. Panacea is currently growing at a rate of 8.13% annually and its population has increased by 82.26% since the most recent census, which recorded a population of 744 in 2020.
The average household income in Panacea is $50,242 with a poverty rate of 23.52%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Panacea is 46.7 years, 51.4 years for males, and 28.9 years for females.
According to the most recent ACS, the racial composition of Panacea was:
White
Two or more races
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Other race
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 395 | 2.92 | 84.1 | 15.9 |
| Married | 175 | 2.93 | 90.9 | 9.1 |
| Female | 129 | 3.4 | 100 | 0 |
| Male | 47 | 3.34 | 0 | 100 |
| Non Family | 44 | 0 | 100 | 0 |
3.16
Average Family Size
2.92
Average Household Size
84.1%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among 2+ races people with a rate of 100%.
The highest rate of bachelors degrees is among 2+ races people with a rate of 100%.
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
100% of Panacea residents speak only English, while 0% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0% of the population.
rate
23.52%
Overall Poverty Rate
19.09%
Male Poverty Rate
28.57%
Female Poverty Rate
The race most likely to be in poverty in Panacea is White, with 23.86% below the poverty level.
The race least likely to be in poverty in Panacea is White, with 23.86% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 27.36%. Among those working part-time, it was 42.37%, and for those that did not work, the poverty rate was 0%.
Married
Widowed
Divorced
Separated
NeverMarried
36.1%
Overall Marriage Rate
32.4%
Male Marriage Rate
40.4%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 45-54.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
0%
Veteran Disability Rate
LaborForceParticipation
46.1%
Labor Force Participation
46.1%
Employment Rate
0%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
70.14%
Born in Panacea
100%
Native Born
0%
Foreign Born
0%
Non Citizen
0%
Naturalized
100% of Panacea residents were born in the United States, with 70.14% having been born in Florida. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2024 | 1,356 | 102 | 8.13% |
| 2023 | 1,254 | 102 | 8.85% |
| 2022 | 1,152 | 102 | 9.71% |
| 2021 | 1,050 | 306 | 41.13% |
| 2020 | 744 | -166 | -18.24% |
| 2019 | 910 | -91 | -9.09% |
| 2018 | 1,001 | -28 | -2.72% |
| 2017 | 1,029 | 96 | 10.29% |
| 2016 | 933 | -4 | -0.43% |
| 2015 | 937 | -115 | -10.93% |
| 2014 | 1,052 | 277 | 35.74% |
| 2013 | 775 | 110 | 16.54% |
| 2012 | 665 | -81 | -10.86% |
| 2011 | 746 | -70 | -8.58% |
| 2010 | 816 | 0 | 0% |