Panaca, NV
Population 1,272 · Nevada
About Panaca, NV
Panaca is a small town located in Nevada with a population of 1,272 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,935 per year, which is 18% below the national median of $75,149. The median age of 31.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Panaca features a median home value of $277,800, which is 13% above the national median of $244,900. This positions Panaca in a moderately priced market relative to the rest of the country. Median monthly rent is $902, 22% below the national average of $1,163/month. Of the 444 total housing units, 66% are owner-occupied (258 units) and 34% are renter-occupied (134 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Panaca shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Panaca have an average one-way commute time of 21.9 minutes.
Education & Demographics
31.3% of Panaca residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 10.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Panaca Ranks in Nevada
Cost of Living in Panaca, NV
Compared to national averages, Panaca has a median household income of $61,935 (18% below the national median of $75,149). Home values average $277,800, which is 13% above the national median. Monthly rent at $902 is 22% below the US average of $1,163. Within Nevada, Panaca's income is 24% below the state average of $81,841, and home values are 36% below the state median of $433,389.
Why Live in Panaca, NV?
Panaca offers rent that’s lower than the national average at $902/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 5.7%, better than the national average. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($61,935) that falls below the national average. However, Panaca’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Panaca has a population of 1,272 with a median age of 31.2 years. Compare Panaca with other cities to see how it stacks up, or explore all cities in Nevada.
Similar Cities Near Panaca
Cities in Nevada with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fallon Station | 1,250 | $0 | $0 | Compare |
| Genoa | 1,231 | $125,952 | $1,040,700 | Compare |
| Grass Valley | 1,216 | $95,852 | $116,400 | Compare |
| Pioche | 1,213 | $76,194 | $196,800 | Compare |
| East Valley | 1,341 | $111,932 | $884,400 | Compare |
| Golden Valley | 1,184 | $102,757 | $514,700 | Compare |
| Wells | 1,184 | $75,962 | $213,500 | Compare |
| Amargosa Valley | 1,408 | $55,573 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nevada
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Panaca With Other Cities
Frequently Asked Questions about Panaca
What is the population of Panaca, NV?
The population of Panaca, NV is 1,272 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Nevada.
What is the median household income in Panaca?
The median household income in Panaca, NV is $61,935 per year, which is 18% below the national median of $75,149.
What is the median home value in Panaca?
The median home value in Panaca, NV is $277,800, which is 13% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Panaca?
The median monthly rent in Panaca, NV is $902, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Panaca?
The unemployment rate in Panaca, NV is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Panaca, NV a good place to live?
Panaca offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,272 and a median age of 31.2, the city appeals to young professionals and families.
How educated is Panaca, NV?
31.3% of residents in Panaca aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Panaca?
Key cost-of-living indicators for Panaca, NV: median home value is $277,800 (13% above national), median rent is $902/month, and median household income is $61,935. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Panaca?
The poverty rate in Panaca, NV is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Panaca, NV?
Panaca's population is 0.0% White, 10.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.