Panama City vs Upper Grand Lagoon

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

Panama City and Upper Grand Lagoon 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 17,162 in Upper Grand Lagoon). Upper Grand Lagoon has the higher median household income ($73,438 vs $61,125 in Panama City). Upper Grand Lagoon has the higher median home value ($351,400 vs $243,200 in Panama City).

Population, income & housing

	Panama City	Upper Grand Lagoon
Population	34,211	17,162
Median age	38.6 yrs	45.8 yrs
Median household income	$61,125	$73,438
Median home value	$243,200	$351,400
Median gross rent	$1,334	$1,570
Housing units	16,643	9,214
Homeownership rate	55.1%	68.7%
Bachelor's degree or higher	25.5%	40.3%
Unemployment rate	4.4%	3.3%

Trends (ACS 5-year, 2019–2023)

	Panama City	Upper Grand Lagoon
Population	36,640 → 34,211 (-6.6%)	17,550 → 17,162 (-2.2%)
Median household income	$43,953 → $61,125 (+39.1%)	$59,698 → $73,438 (+23.0%)
Median home value	$155,800 → $243,200 (+56.1%)	$229,000 → $351,400 (+53.4%)
Median gross rent	$945 → $1,334 (+41.2%)	$1,198 → $1,570 (+31.1%)

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

Upper Grand Lagoon

Population

17,55017,162

Median household income

$59,698$73,438

Median home value

$229,000$351,400

Median gross rent

$1,198$1,570

Age & race/ethnicity

Age distribution (share)

	Panama City	Upper Grand Lagoon
Under 5	6.2%	5.1%
5 to 17	16.1%	14.8%
18 to 24	7.7%	4.1%
25 to 34	16.8%	14.2%
35 to 44	11.5%	11.2%
45 to 54	11.7%	12.3%
55 to 64	13.0%	17.2%
65 to 74	10.0%	13.8%
75 and over	7.0%	7.4%

Race & ethnicity (share)

	Panama City	Upper Grand Lagoon
White (non-Hispanic)	60.7%	77.1%
Black or African American	21.0%	4.3%
American Indian & Alaska Native	0.1%	0.2%
Asian	1.0%	2.5%
Native Hawaiian & Pacific Islander	0.2%	0.0%
Some other race	1.7%	1.2%
Two or more races	5.5%	5.3%
Hispanic or Latino	9.7%	9.5%

Educational attainment (age 25+)

Share of adults 25+

	Panama City	Upper Grand Lagoon
No high school diploma	10.7%	2.3%
High school graduate	27.5%	20.8%
Some college or associate's	36.2%	36.6%
Bachelor's degree	16.8%	27.4%
Graduate or professional degree	8.8%	12.9%

Commute to work

How workers get to work (share)

	Panama City	Upper Grand Lagoon
Drove alone	72.9%	78.5%
Carpooled	14.9%	7.6%
Public transit	0.3%	0.8%
Walked	1.2%	0.6%
Bicycle	0.2%	0.6%
Worked from home	9.3%	10.4%
Other means	1.2%	1.6%

Housing

Units in structure (share)

	Panama City	Upper Grand Lagoon
1-unit, detached	62.0%	52.4%
1-unit, attached	5.3%	9.1%
2 to 4 units	9.6%	6.7%
5 to 19 units	12.8%	10.5%
20 or more units	8.5%	11.2%
Mobile home & other	1.9%	10.1%

Poverty & households

	Panama City	Upper Grand Lagoon
Poverty rate	17.3%	8.3%
Average household size	2.25	2.20
Mean commute (minutes)	21	21
Median year structure built	1977	1996