Panacea, Florida Population 2024

1,152

Panacea is a city located in Wakulla County Florida. Panacea has a 2024 population of 1,152. Panacea is currently declining at a rate of annually and its population has increased by 54.84% 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.

Panacea Demographics

According to the most recent ACS, the racial composition of Panacea was:

  • White: 98.61%
  • Two or more races: 1.39%
  • Black or African American:
  • Native American:
  • Asian:
  • Native Hawaiian or Pacific Islander:
  • Other race:
State
Florida
Land Area (mi²)
1.7 sq mi
Density (mi²)
690.80/sq mi
Growth Since 2020
54.84% (408)
The current population of Panacea, Florida is 1,152 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 744.

Panacea, Florida Population 2024

Population by Race

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Race
Population
Percentage (of total)
White1,13698.61%
Two or more races161.39%
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Other race
showing: 7 rows

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

Panacea Population by Race

Panacea Population Pyramid 2024

Panacea Median Age

46.7

Total

51.4

Male

28.9

Female

Panacea Adults

There are 945 adults, (306 of whom are seniors) in Panacea.

Panacea Age Dependency

80.3

Age Dependency Ratio

47.9

Old Age Dependency Ratio

32.4

Child Dependency Ratio

Panacea Sex Ratio

Female53946.79%
Male61353.21%

Panacea Population by Age

Panacea Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All3952.9284.115.9
Married1752.9390.99.1
Female1293.41000
Male473.340100
Non Family4401000
showing: 5 rows

3.16

Average Family Size

2.92

Average Household Size

84.1%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Panacea Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Panacea Educational Attainment by Sex (over 25)

Panacea Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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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%.

Panacea Educational Attainment by Race

All

Male

Female

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$

Average Earnings

$

Average Male

$17,056

Average Female

Panacea Earnings by Educational Attainment

Panacea Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Panacea Language

100% of Panacea residents speak only English, while speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by of the population.

Panacea Language

Panacea Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White1,13627123.86%
showing: 1 rows

23.52%

Overall Poverty Rate

19.09%

Male Poverty Rate

28.57%

Female Poverty Rate

Poverty in Panacea

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 .

Panacea Poverty

rate

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Rate
Poverty
High School36.36%
Less Than 9th Grade
Some College
Bachelors or Greater
showing: 4 rows

Panacea Poverty Rate by Education

rate

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Rate
Poverty
Male Employed17.36%
Male Unemployed
Female Employed60.81%
Female Unemployed
showing: 4 rows

Panacea Poverty Rate by Employment Status and Sex

Panacea Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Panacea Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

36.1%

Overall Marriage Rate

32.4%

Male Marriage Rate

40.4%

Female Marriage Rate

Panacea Married by Age and Sex

male

female

Panacea Marriage

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.

Panacea Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Panacea Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

15

Number of Veterans

Male Veterans

15

Female Veterans

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Panacea Veterans by War

count

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Panacea Veterans by Age

count

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Panacea Veterans by Race

Panacea Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

Veteran Poverty Rate

Veteran Disability Rate

Panacea Veterans by Education

LaborForceParticipation

46.1%

Labor Force Participation

46.1%

Employment Rate

0%

Unemployment Rate

Panacea Employment by Age

LaborForceParticipation

Panacea Employment by Race

LaborForceParticipation

Panacea Employment by Education

Origin of Non-Citizens

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.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

70.14%

Born in Panacea

100%

Native Born

Foreign Born

Non Citizen

Naturalized

Place of Birth

100% of Panacea residents were born in the United States, with 70.14% having been born in Florida. of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Panacea Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20241,152
20231,152
20221,1521029.71%
20211,05030641.13%
2020744-166-18.24%
2019910-91-9.09%
20181,001-28-2.72%
20171,0299610.29%
2016933-4-0.43%
2015937-115-10.93%
20141,05227735.74%
201377511016.54%
2012665-81-10.86%
2011746-70-8.58%
2010816
showing: 15 rows

Panacea Population by Year