Panacea, FL is a small town located in the North West area of Florida. It is known for its relaxed vibes and peaceful community. The 2 bedroom rent in Panacea, FL is slightly higher than the US average, costing an average of $1,650 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Panacea is slightly higher than the national average at 102 versus 100 respectively. Popular local businesses in Panacea include The Fish House Restaurant, Panecea Bait & Tackle Shop and Coastal Sportsman's Supply Store.
Panacea has an unemployment rate of 3.6%. The US average is 6.0%.
Panacea has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Panacea
- The Sales Tax Rate for Panacea is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Panacea is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Panacea
- The average income of a Panacea resident is $17,685 a year. The US average is $37,638 a year.
- The Median household income of a Panacea resident is $31,976 a year. The US average is $69,021 a year.