Panacea is a tiny coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 735 people and just one neighborhood, Panacea is the 448th largest community in Florida.
Unlike some towns, Panacea isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Panacea are a mix of both white- and blue-collar jobs. Overall, Panacea is a town of service providers, sales and office workers, and construction workers and builders. There are especially a lot of people living in Panacea who work in food service (31.40%), sales jobs (24.15%), and healthcare (12.08%).
Another notable thing is that Panacea is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
Panacea is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
As is often the case in a small town, Panacea doesn't have a public transportation system that people use for their commute.
The education level of Panacea citizens is a little higher than the average for US cities and towns: 22.10% of adults in Panacea have at least a bachelor's degree.
The per capita income in Panacea in 2022 was $19,360, which is low income relative to Florida and the nation. This equates to an annual income of $77,440 for a family of four. However, Panacea contains both very wealthy and poor people as well.
The people who call Panacea home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Panacea residents report their race to be White. Important ancestries of people in Panacea include Irish, German, European, French, and English.
The most common language spoken in Panacea is English. Other important languages spoken here include Slavic languages and Portuguese.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 36 residents per square mile, is less crowded than 91.5% of all U.S. neighborhoods. Do you like a coastal setting? If so, this neighborhood may be to your liking. The neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 31.9%, which is higher than 96.1% of all U.S. neighborhoods.
Furthermore, the real estate in this neighborhood consists of more mobile homes than 95.5% of all neighborhoods in America, with 30.5% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
In a nation where 1 out of every 4 children lives in poverty, the neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.8% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Did you know that the neighborhood has more Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Romanian ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Panacea are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.2% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the neighborhood, 34.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.8%), and 6.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the neighborhood is English, spoken by 94.9% of households. Some people also speak Spanish (3.0%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the neighborhood in Panacea, FL, residents most commonly identify their ethnicity or ancestry as English (14.7%). There are also a number of people of Irish ancestry (7.7%), and residents who report German roots (5.6%), and some of the residents are also of Italian ancestry (2.9%), along with some Romanian ancestry residents (2.4%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (37.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (75.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.