Cost of Living in Panacea, FL

With a cost of living index of 98, Panacea, FL is right around the national average in cost. Living here is 2% cheaper than the national average and 12% below the Florida state average of 110. Panacea is a small community of 1,039 residents.

The median household income in Panacea is $36,332, which is 52% lower than the national median of $75,149.

Climate is another factor for anyone considering a move to Panacea. The area sees an average annual temperature of 68.5°F, with summers averaging 82°F and winters around 54°F. Annual rainfall totals 58.8 inches spread over roughly 114 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Tallahassee, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.