Panacea, FL
Population 1,039 · Florida
About Panacea, FL
Panacea is a small community in Florida with a population of 1,039 residents. The median household income is $36,332 per year, which is below the national average. The median age in Panacea is 46.7 years.
Housing in Panacea has a median home value of $0 and median monthly rent of $0. Of the 553 total housing units, the majority are owner-occupied, with 262 owner-occupied and 85 renter-occupied units.
The unemployment rate in Panacea is 0.0% and the poverty rate is 24.2%. 20.5% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Panacea, FL
Compared to national averages, Panacea has a median household income of $36,332 (52% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Florida, Panacea's income is 52% below the state average of $75,893, and home values are 100% below the state median of $353,675.
Why Live in Panacea, FL?
Panacea offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($36,332) that falls below the national average. However, Panacea’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Panacea has a population of 1,039 with a median age of 46.7 years. Compare Panacea with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Panacea
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| DeLand Southwest | 1,042 | $40,670 | $262,500 | Compare |
| Avalon | 1,033 | $96,318 | $294,200 | Compare |
| Mexico Beach | 1,033 | $64,013 | $399,300 | Compare |
| Palmona Park | 1,028 | $29,912 | $0 | Compare |
| Winding Cypress | 1,053 | $142,819 | $917,400 | Compare |
| Masaryktown | 1,023 | $48,857 | $175,900 | Compare |
| Welaka | 1,059 | $51,528 | $271,200 | Compare |
| Weeki Wachee Gardens | 1,070 | $60,909 | $377,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Panacea
What is the population of Panacea, FL?
The population of Panacea, FL is 1,039 according to the latest Census data.
What is the median household income in Panacea?
The median household income in Panacea, FL is $36,332 per year.
What is the median home value in Panacea?
The median home value in Panacea, FL is $0.
What is the average rent in Panacea?
The median monthly rent in Panacea, FL is $0.
What is the unemployment rate in Panacea?
The unemployment rate in Panacea, FL is 0.0%.