Panacea is a CDP located in Wakulla County, Florida. Panacea has a 2025 population of 1,236 . Panacea is currently growing at a rate of 2.32% annually and its population has increased by 66.13% since the most recent census, which recorded a population of 744 in 2020.
The average household income in Panacea is $41,778 with a poverty rate of 24.16%. The median age in Panacea is 46.7 years: 55.4 years for males, and 28.6 years for females. For every 100 females there are 93.1 males.
Data after 2023 is projected based on recent change
The racial composition of Panacea includes 96.73% White, and smaller percentages for and multiracial populations.
White (96.73%)
Two or more races (3.27%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 1,005 | 96.73% |
| Two or more races | 34 | 3.27% |
Married
Widowed
Divorced
Separated
Never Married
Panacea's average per capita income is $15,791. Household income levels show a median of $36,332. The poverty rate stands at 24.16%.
Name | Median | Mean |
|---|---|---|
| Married Families | $57,990 | - |
| Households | $36,332 | $41,778 |
| Families | $35,893 | $41,797 |
| Non Families | - | - |
Average Income
Median Household Income
Poverty Rate