Panacea, FL Profile: Facts, Map & Data

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Panacea, Florida - Basic Facts

The Panacea Census Designated Place is a community or populated place (Class Code U5) located in Wakulla County at latitude 30.0264 and longitude -84.3926. Wakulla County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

The formal official name is the Panacea Census Designated Place, but most people and references simply refer to it as Panacea, Florida.

The U5 Census Class Code for Panacea indicates a populated place that is also a census designated place with the same name. The Census Designated Place has a Functional Status Code "S" which identifies a statistical entity.

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.

Panacea Census Designated Place, FL Boundary Map


Also See: BIG Map | Driving Directions | FL Congressional Districts
Boundary Maps: West Wakulla CCD | Wakulla County | Florida Counties

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Panacea, FL Data & Demographics (As of July 1, 2014)

POPULATION

Total Population 899
Population in Households 899
Population in Familes 698
Population in Group Qrtrs 0
Population Density1 539
Diversity Index2 14
 

HOUSEHOLDS

Total Households 378
Average Household Size 2.38
Family Households 235
Average Family Size 3

HOUSING

Total Housing Units 574 (100%)
Owner Occupied HU 251 (43.7%)
Renter Occupied HU 127 (22.1%)
Vacant Housing Units 196 (34.1%)
Median Home Value $111,667
Average Home Value $174,300
 

INCOME

Median Household Income $39,156
Average Household Income $48,181
Per Capita Income $21,014
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2014 2014-2019
Population 2.31% 1.74%
Households 2.31% 1.69%
Families 2.45% 1.57%
Median Household Income   4.77%
Per Capita Income   2.43%
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.

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, 2014 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 # 755 18th
Population Density1 # 695 25th
Diversity Index2 # 862 6th
Median Household Income # 574 38th
Per Capita Income # 554 40th

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