Panacea, FL Profile: Facts, Map & Data

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Panacea, Florida - Basic Facts

The Panacea Census Designated Place had a population of 906 as of July 1, 2015. 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 30.0264 and longitude -84.3926 in Wakulla County. The formal boundaries for the Panacea Census Designated Place (see map below) encompass a land area of 1.67 sq. miles and a water area of 0.11 sq. miles. Wakulla County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

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.

Beneath the boundary map are tables with Panacea population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2015.

Panacea Census Designated Place, FL Boundary Map

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Boundary Maps: West Wakulla CCD | Wakulla County | Florida Counties

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Panacea, FL Data & Demographics (As of July 1, 2015)

POPULATION

Total Population 906
Population in Households 906
Population in Familes 705
Population in Group Qrtrs 0
Population Density1 543
Diversity Index2 14
 

HOUSEHOLDS

Total Households 380
Average Household Size 2.38
Family Households 236
Average Family Size 3

HOUSING

Total Housing Units 579 (100%)
Owner Occupied HU 252 (43.5%)
Renter Occupied HU 128 (22.1%)
Vacant Housing Units 199 (34.4%)
Median Home Value $118,125
Average Home Value $165,711
 

INCOME

Median Household Income $39,679
Average Household Income $46,734
Per Capita Income $20,385
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2015 2015-2020
Population 2.01% 1.48%
Households 1.97% 1.43%
Families 2.06% 1.32%
Median Household Income   4.27%
Per Capita Income   2.66%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race 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.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

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Panacea, FL - Peer Comparisons by Rank and Percentile

The table below compares Panacea to the other 920 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2015 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 # 757 18th
Population Density1 # 696 24th
Diversity Index2 # 860 7th
Median Household Income # 584 37th
Per Capita Income # 589 36th

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