Living in Panaca, Nevada
Cost of living, income, home prices, rent and demographics of Panaca · Census data 2020–2024
Panaca has 1,015 residents with a median age of 32.7. The median household income is $64,083 (18% lower than the Nevada median), the median home value is $263,300, the median rent is $920/month.
Panaca is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Panaca at a glance
- Population
- 1,015
- Median age
- 32.7State: 39.1
- Median household income
- $64,083State: $78,260
- Median home value
- $263,300State: $435,400
- Median rent
- $920/moState: $1,597
- Homeowners
- 63.4%
- Bachelor's degree or higher
- 36.3%
- Average commute
- 7 min
Is Panaca a good place to live?
Pros: Home values 40% lower than the state median; an average commute of 7 minutes; a poverty rate of 1.4%.
Cons: Median household income 18% lower than the Nevada median.
The weather is best in May–June and September–October.
Cost of living in Panaca
Housing is the biggest part of the cost of living. In Panaca the median home value is $263,300, 21% lower than the U.S. median. Renters pay a median of $920 per month, which is 25.4% of household income. Homeowners with a mortgage pay $997 a month in housing costs.
Panaca median household income
The median household income in Panaca is $64,083 and the income per person is $39,860. 1.4% of residents live below the poverty line (Nevada: 12.4%).
Housing in Panaca: homes for sale and rent
- Housing units
- 514
- Owner-occupied
- 63.4%
- Renter-occupied
- 36.6%
- Vacant
- 12.3%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.25
Panaca demographics
- Population
- 1,015
- Median age
- 32.7
- Under 18
- 24.5%
- 65 and older
- 28.5%
- Households
- 451
- Foreign-born
- 3.2%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Panaca ›
Education in Panaca
36.3% of adults 25 and older in Panaca have a bachelor's degree or higher (Nevada: 27.9%), and 11.1% have a graduate or professional degree.
Jobs and commute in Panaca
- Unemployment rate
- 0%State: 7%
- Average commute
- 7 minState: 25 min
- Work from home
- 6.1%
- Drive alone
- 55.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.7%
Panaca vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Panaca | 1,015 | $64,083 | $263,300 | $920 |
| Pioche | 1,031 | $88,493 | $203,800 | — |
| Enterprise | 1,955 | $91,250 | $378,300 | $1,309 |
| Newcastle | 367 | $86,739 | $280,400 | — |
| Central | 660 | $115,486 | $368,800 | — |
| Veyo | 355 | $68,182 | $440,900 | — |
More for people moving to Panaca
Panaca ZIP code ›Weather and climate ›Living in Panaca: FAQ
What is the median household income in Panaca, NV?
The median household income in Panaca is $64,083, 18% lower than the Nevada median of $78,260 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Panaca?
The median home value in Panaca is $263,300, compared with $435,400 in Nevada.
How much is rent in Panaca?
The median gross rent in Panaca is $920 per month, about 25.4% of household income.
Is Panaca, NV a good place to live?
Pluses: home values 40% lower than the state median; an average commute of 7 minutes; a poverty rate of 1.4%. Minuses: median household income 18% lower than the Nevada median.
What is the median age in Panaca?
The median age in Panaca is 32.7 years (Nevada: 39.1).
How long is the commute in Panaca?
The average commute to work in Panaca is 7 minutes; 6.1% of workers work from home.
What is the unemployment rate in Panaca?
The unemployment rate in Panaca is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Panaca?
36.3% of adults in Panaca have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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