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 Races Excluding Other, & Three or More Races (Non-Hispanic) (3.27%), Black or African American (Non-Hispanic) (0%), American Indian & Alaska Native (Non-Hispanic) (0%), and Asian (Non-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.