Panacea, FL Profile: Facts & Data

Advertisement

Panacea Local Links & Resources:
Resources | ALL Panacea Content
Planning to visit Panacea? See Local Hotels

Also See Panacea, FL: ZIP Codes & Maps

Panacea, Florida - Basic Facts

The Panacea CDP(1) had a population of 742 as of July 1, 2023. Panacea ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Panacea is located at latitude 30.0374 and longitude -84.3877 in Wakulla County. The formal boundaries for the Panacea Census Designated Place encompass a land area of 1.67 sq. miles and a water area of 0.11 sq. miles.

The Panacea Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Panacea Census Designated Place is located within West Wakulla CCD of Wakulla County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Panacea 2023 Demographic Data
  2. Growth Rates for Panacea (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2023 Demographics
Advertisement

Panacea, FL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 742 (100%)
Population in Households 742 (100.0%)
Population in Families 584 (78.7%)
Population in Group Quarters1 0
Population Density 445
Diversity Index2 14
 
 

INCOME

Median Household Income $33,709
Average Household Income $50,856
% of Income for Mortgage4 20%
Per Capita Income $24,331
Wealth Index5 40
Socioeconomic Status Index6 Low (39.1)
 

HOUSING

Total HU (Housing Units) 509 (100%)
Owner Occupied HU 303 (59.5%)
Renter Occupied HU 52 (10.2%)
Vacant Housing Units 154 (30.3%)
Median Home Value $112,500
Average Home Value $177,640
Housing Affordability Index3 126
 

HOUSEHOLDS

Total Households 355
Average Household Size 2.09
Family Households 233
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.29% 0.48%
Households 0.97% 0.72%
Families   0.43%
Median Household Income   2.06%
Per Capita Income   3.27%
Owner Occupied HU   0.91%

Panacea, FL - Peer Comparisons by Rank and Percentile

The table below compares Panacea to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 816 15th
Population Density # 762 20th
Median Household Income # 916 4th
Housing Affordability Index # 823 86th
Per Capita Income # 767 20th
Diversity Index # 945 1st

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

Panacea, FL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Florida Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Florida Census Data Comparison Tool

Compare Florida July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement