Median Income
$36,250
household / year
Median Home Value
$102,100
owner-occupied
Median Rent
N/A
gross / month
Cost of Living
95
national avg = 100

Is Panacea, FL a Good Place to Live?

Panacea is a small town of 1,152 in Florida, with a median household income of $36,250 . Its cost of living index is 95 (US average = 100), which is 5% below the national average.

Strengths: Panacea stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Panacea is right for you depends on your priorities — the full breakdown is below.

All Panacea city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 95.3

Panacea's overall cost of living index is 95.3, where 100 represents the US national average. Living in Panacea costs roughly 5% less than the average American city.

Metric Panacea, FL National Avg
Median Home Value $102,100 $244,900
Median Monthly Rent N/A $1,163
Homeownership Rate 84.1% 65.9%
Median Household Income $36,250 $74,755

Crime & Safety

Crime data for Panacea is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Panacea, FL National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 15.5% 35.4%
High School Diploma or Higher 63.9% 91.1%

Weather & Climate

Panacea sees average highs of 64.3°F in January and 91.8°F in July, with 59.8 inches of annual precipitation .

MetricPanacea, FL
Average High — January64.3°F
Average High — July91.8°F
Annual Precipitation59.8"
Annual SnowfallTrace / None

Demographics

MetricPanacea, FLNational Avg
Population1,152—
Median Age46.738.9
Unemployment Rate0.0%3.7%
Avg Commute Time20.9 min26 min
White (non-Hispanic)98.6%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1818.0%22.2%
65 and over26.6%16.8%

Nearby Cities

Sopchoppy, FL 6 mi Crawfordville, FL 12 mi St. Marks, FL 15 mi Carrabelle, FL 20 mi Woodville, FL 21 mi

ZIP Codes in Panacea

Panacea, FL is covered by 1 ZIP code:

32346

Panacea vs Other Cities

Panacea, FL vs Sopchoppy, FL Panacea, FL vs Crawfordville, FL Panacea, FL vs St. Marks, FL Panacea, FL vs Carrabelle, FL Panacea, FL vs Woodville, FL

Frequently Asked Questions

Panacea's cost of living index is 95, where 100 is the national average. That makes Panacea roughly 5% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $102,100 and median rent is N/A/month.
Crime data for Panacea is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Panacea, FL has a population of 1,152, a median household income of $36,250, and an unemployment rate of 0.0%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Panacea averages 64.3°F in January and 91.8°F in July. Annual rainfall is 59.8 inches . Based on NOAA 30-year climate normals (1991–2020).
Panacea, FL is covered by 1 ZIP code: 32346.
The population of Panacea, Florida is 1,152 with a median age of 46.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Panacea: cost of living index 95 (100 = US average), median home $102,100, median household income $36,250. Whether these are benefits or drawbacks depends on where you're coming from — compare Panacea side by side with your current city to see the trade-offs.