In 2023, Panacea, FL had a population of 1.04k people with a median age of 46.7 and a median household income of $36,332. Between 2022 and 2023 the population of Panacea, FL declined from 1,152 to 1,039, a −9.81% decrease and its median household income grew from $36,250 to $36,332, a 0.226% increase.
The 5 largest ethnic groups in Panacea, FL are White (Non-Hispanic) (96.7%), Two+ (Non-Hispanic) (3.27%), White (Hispanic) (0%), Black or African American (Non-Hispanic) (0%), and Black or African American (Hispanic) (0%).
None of the households in Panacea, FL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Panacea, FL are U.S. citizens.
In 2022, the median property value in Panacea, FL was $102,100, and the homeownership rate was 75.5%.
Most people in Panacea, FL carpooled to work, and the average commute time was 26.6 minutes. The average car ownership in Panacea, FL was 0 cars per household.