Panacea, FL demographics:
population, income, and more

Total population
894
-14.0% year-over-year change
Median household income
$37,983/yr
4.5% year-over-year change
Housing units
599
8.3% year-over-year change

Panacea population

How many people live in Panacea

Panacea is home to 894 residents, according to the most recent Census data. Gender-wise, 46.3% of Panacea locals are male, and 53.7% are female.

Total population
894
-14.0% year-over-year change
Gender ratio
Male
46.3%
414
Female
53.7%
480
Value Percent YoY change
Male 414 46.3% -17.4%
Female 480 53.7% -10.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Panacea is 56, with the population distributed as follows: about 16.9% are children under 15, then 12.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 6.8% of the population, while another 36% fall into the 45 to 64 bracket. Finally, around 27.5% are 65 or older.

Median age
56.1
Age breakdown
Under 15
16.9%
15 to 24
12.8%
25 to 44
6.8%
45 to 64
36%
Over 65
27.5%
Value Percent YoY change
Under 15 151 16.9% -33.2%
15 to 24 114 12.8% 17.5%
25 to 44 61 6.8% -58.2%
45 to 64 322 36% 6.3%
Over 65 246 27.5% -7.9%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Panacea, 97.9% of the population are US-born citizens, while 2.1% have gained naturalized citizenship. There’s also a share of 3.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.9%
Non-U.S.-born citizens
2.1%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 875 97.9% -14.1%
Non-U.S.-born citizens 19 2.1% -9.5%
Racial breakdown
White
96.9%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.1%
Other
0%
Value Percent
White 866 96.9%
Two or more races 28 3.1%

Households in Panacea

A peek inside Panacea households

Panacea has 395 households, with an average of 2 members in each. Of these, 74.9% are families, while the remaining 25.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
395
13.8% year-over-year change
Average people per household
2
Non-family households
99
Family households
296
Value Percent YoY change
Non-family households 99 25.1% 209.4%
Family households 296 74.9% -6.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Panacea

The housing landscape of Panacea

Panacea's housing consists of 599 units, with 54.3% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 1.5% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 44.2% of the housing landscape.

Housing units
599
8.3% year-over-year change
Housing types
Value Percent
1 unit, detached 325 54.3%
1 unit, attached 9 1.5%
Mobile home 265 44.2%
Homes built since 2020
0
% year-over-year change

The age of buildings in Panacea

In Panacea, the median construction year is 1974. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built between 1950 and 1959 168 28% 46.1%
Built between 1960 and 1969 81 13.5% 161.3%
Built between 1970 and 1979 121 20.2% -4.7%
Built between 1980 and 1989 49 8.2% 48.5%
Built between 1990 and 1999 180 30% -27.1%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Panacea occupancy rates

Out of the 395 occupied housing units in Panacea, 48.9% are owner-occupied, while 51.1% are lived in by tenants. Meanwhile, 34.1% of all homes on the local market sit vacant.

Occupied housing units
395
13.8% year-over-year change
Occupancy breakdown
Renter occupied
202
Owner occupied
193
Value Percent YoY
change
Renter occupied 202 51.1% 137.7%
Owner occupied 193 48.9% -26.3%
Unoccupied housing units
34.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Panacea housing costs

Housing costs in Panacea come to a median of $604 per month, while tenants specifically pay a median gross rent of $959.

Median housing costs per month
$604/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Panacea
$959/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Panacea

Panacea education at a glance

About 52.2% of the population in Panacea went to high school, while 2.8% pursued college studies. Another 18.7% earned an associate degree and 8.2% hold a bachelor’s. Meanwhile, 10.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 56 7.5% -23.3%
High school diploma 388 52.2% -16.2%
College diploma 21 2.8% 133.3%
Associate degree 139 18.7% 14.9%
Bachelor's degree 61 8.2% -1.6%
Graduate degree 78 10.5% -8.2%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Panacea

How much people earn in Panacea

The average annual household income in Panacea was $45,461 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +8.8% change from the previous year. At the same time, the median income stood at $37,983, reflecting a +4.5% shift over the same period.

Average household income in Panacea
$45,461/year
8.8% year-over-year change
Median household income in Panacea
$37,983/year
4.5% year-over-year change

Panacea income by age

Those with someone between 45 and 64 in charge, often well established professionally, earn $36,162 overall. Overall, 94.3% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
45 - 64 $36,162 0.6%
Over 65 $57,083 11.4%
Above poverty level
839
Below poverty level
51
Value Percent YoY
change
Above poverty level 839 94.3% 6.5%
Below poverty level 51 5.7% -79.7%

Employment in Panacea

Workforce and job types in Panacea

The job market in Panacea is powered by 207 working residents, spread across a range of industries and roles. 76.3% of the working population are employed in professional or administrative positions, while 23.7% are in hands-on or service-based jobs. Also, 3.4% run their own businesses, 71.5% are employed by private companies, and 25.1% work in the public sector.

Workforce demographics

Working population
207
-30.8% year-over-year change
White collar
158
Blue collar
49
Value Percent YoY change
White collar 158 76.3% -41.0%
Blue collar 49 23.7% 58.1%
Employer type
Self employees
3.4%
Private companies
71.5%
Governmental workers
25.1%
Not for profit companies
0%
Value Percent YoY change
Self employees 7 3.4% N/A
Private companies 148 71.5% -33.9%
Governmental workers 52 25.1% -30.7%
Unemployment rate
18.5%

Available workforce

The unemployment rate in Panacea stands at 18.5%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Panacea

How people get around in Panacea

Commuting methods vary: 54.1% of residents travel by personal vehicle and 20.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 112 54.1% -16.4%
Walk 43 20.8% -4.4%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Panacea by zipcode?

Zipcode Population Number of households Median income Average income
32346 2,356 962 $61,700 $82,630

Explore more communities

FAQs about Panacea demographics 

What is the total population of Panacea?

Panacea has a total population of 894 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -14.0% compared to a year ago.

What is the gender ratio in Panacea?

The gender ratio in Panacea is as follows:
  • 46.3% males (414 residents)
  • 53.7% females (480 residents)

What is the median age in Panacea?

The median age in Panacea is 56.1.

What is the age distribution of the population in Panacea?

The age distribution in Panacea is as follows:
  • Under 15: 16.9% (151 residents)
  • Ages 15-24: 12.8% (114 residents)
  • Ages 25-44: 6.8% (61 residents)
  • Ages 45-64: 36% (322 residents)
  • Over 65: 27.5% (246 residents)

What is the racial and ethnic makeup of Panacea?

The racial and ethnic makeup of Panacea is as follows:
  • White: 96.9% (866 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 3.1% (28 residents)
  • Other: 0% (0 residents)

What percentage of the population in Panacea are U.S.-born citizens?

U.S.-born citizens represent 97.9% of the population in Panacea.

How many housing units are there in Panacea?

There are 599 housing units in Panacea, reflecting a +8.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Panacea and what is the average household size?

Panacea has a total of 395 households, with an average of 2 people in each.

What is the median household income in Panacea?

Panacea has a median household income of $37,983, representing a +4.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Panacea?

The employment rate is 81.5% in Panacea, with a workforce of 207 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76.3% (158 residents)
  • Blue-collar workers: 23.7% (49 residents)

Places of employment:
  • Self-employed: 3.4% (7 residents)
  • Private companies: 71.5% (148 residents)
  • Governmental workers: 25.1% (52 residents)
  • Not-for-profit companies: 0% (0 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025