Panama City vs Springfield

A side-by-side comparison of Panama City and Springfield: population, income, housing, and more.

Panama City and Springfield are places in Florida. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Panama City has the higher population (34,211 vs 8,157 in Springfield). Panama City has the higher median household income ($61,125 vs $51,640 in Springfield). Panama City has the higher median home value ($243,200 vs $177,500 in Springfield).

Population, income & housing

	Panama City	Springfield
Population	34,211	8,157
Median age	38.6 yrs	41.9 yrs
Median household income	$61,125	$51,640
Median home value	$243,200	$177,500
Median gross rent	$1,334	$1,329
Housing units	16,643	3,850
Homeownership rate	55.1%	69.6%
Bachelor's degree or higher	25.5%	11.9%
Unemployment rate	4.4%	0.7%

Trends (ACS 5-year, 2019–2023)

	Panama City	Springfield
Population	36,640 → 34,211 (-6.6%)	9,319 → 8,157 (-12.5%)
Median household income	$43,953 → $61,125 (+39.1%)	$38,841 → $51,640 (+33.0%)
Median home value	$155,800 → $243,200 (+56.1%)	$111,700 → $177,500 (+58.9%)
Median gross rent	$945 → $1,334 (+41.2%)	$886 → $1,329 (+50.0%)

Panama City

Population

36,64034,211

Median household income

$43,953$61,125

Median home value

$155,800$243,200

Median gross rent

$945$1,334

Springfield

Population

9,3198,157

Median household income

$38,841$51,640

Median home value

$111,700$177,500

Median gross rent

$886$1,329

Age & race/ethnicity

Age distribution (share)

	Panama City	Springfield
Under 5	6.2%	5.2%
5 to 17	16.1%	11.1%
18 to 24	7.7%	10.7%
25 to 34	16.8%	10.3%
35 to 44	11.5%	15.0%
45 to 54	11.7%	13.0%
55 to 64	13.0%	12.1%
65 to 74	10.0%	14.0%
75 and over	7.0%	8.5%

Race & ethnicity (share)

	Panama City	Springfield
White (non-Hispanic)	60.7%	61.1%
Black or African American	21.0%	17.2%
American Indian & Alaska Native	0.1%	0.3%
Asian	1.0%	4.7%
Native Hawaiian & Pacific Islander	0.2%	0.5%
Some other race	1.7%	0.3%
Two or more races	5.5%	7.5%
Hispanic or Latino	9.7%	8.4%

Educational attainment (age 25+)

Share of adults 25+

	Panama City	Springfield
No high school diploma	10.7%	17.1%
High school graduate	27.5%	41.7%
Some college or associate's	36.2%	29.3%
Bachelor's degree	16.8%	7.4%
Graduate or professional degree	8.8%	4.5%

Commute to work

How workers get to work (share)

	Panama City	Springfield
Drove alone	72.9%	72.6%
Carpooled	14.9%	16.9%
Public transit	0.3%	1.3%
Walked	1.2%	0.6%
Bicycle	0.2%	0.8%
Worked from home	9.3%	6.7%
Other means	1.2%	1.1%

Housing

Units in structure (share)

	Panama City	Springfield
1-unit, detached	62.0%	51.9%
1-unit, attached	5.3%	4.3%
2 to 4 units	9.6%	9.8%
5 to 19 units	12.8%	4.6%
20 or more units	8.5%	3.2%
Mobile home & other	1.9%	26.1%

Poverty & households

	Panama City	Springfield
Poverty rate	17.3%	17.2%
Average household size	2.25	2.30
Mean commute (minutes)	21	24
Median year structure built	1977	1984