Panama City

Population: 34,211
Median household income: $61,125
Median home value: $243,200

Panama City is a community in Bay County, Florida, home to 34,211 residents. At $61,125, its median household income sits below Bay County's $70,188.

From 2019 to 2023, Panama City's population declined 6.6% from 36,640 to 34,211, while its median home value rose 56.1% from $155,800 to $243,200.

17.3% of residents live below the poverty line. Households average 2.25 people.

Demographics

ACS 2019–2023

Population: 34,211
Median age: 38.6 yrs
Median household income: $61,125
Median home value: $243,200
Median gross rent: $1,334
Housing units: 16,643
Homeownership rate: 55.1%
Bachelor's degree or higher: 25.5%
Unemployment rate: 4.4%

Trends

ACS 5-year · 2019–2023

Population

36,64034,211

Median household income

$43,953$61,125

Median home value

$155,800$243,200

Median gross rent

$945$1,334

Year	Population	Median household income	Median home value	Median gross rent
2019	36,640	$43,953	$155,800	$945
2020	35,952	$48,185	$169,100	$964
2021	34,521	$51,569	$175,800	$1,074
2022	34,254	$57,221	$213,600	$1,221
2023	34,211	$61,125	$243,200	$1,334

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.2%

5 to 1716.1%

18 to 247.7%

25 to 3416.8%

35 to 4411.5%

45 to 5411.7%

55 to 6413.0%

65 to 7410.0%

75 and over7.0%

	Count	Share
Under 5	2,118	6.2%
5 to 17	5,524	16.1%
18 to 24	2,629	7.7%
25 to 34	5,737	16.8%
35 to 44	3,926	11.5%
45 to 54	4,011	11.7%
55 to 64	4,431	13.0%
65 to 74	3,428	10.0%
75 and over	2,407	7.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	20,783	60.7%
Black or African American	7,171	21.0%
American Indian & Alaska Native	46	0.1%
Asian	350	1.0%
Native Hawaiian & Pacific Islander	70	0.2%
Some other race	598	1.7%
Two or more races	1,888	5.5%
Hispanic or Latino (any race)	3,305	9.7%

Educational attainment (age 25+)

No high school diploma10.7%

High school graduate27.5%

Some college or associate's36.2%

Bachelor's degree16.8%

Graduate or professional degree8.8%

	Count	Share
No high school diploma	2,560	10.7%
High school graduate	6,591	27.5%
Some college or associate's	8,673	36.2%
Bachelor's degree	4,021	16.8%
Graduate or professional degree	2,095	8.8%

Commute to work

Mean travel time to work: 21 min

Drove alone72.9%

Carpooled14.9%

Public transit0.3%

Walked1.2%

Bicycle0.2%

Worked from home9.3%

Other means1.2%

How workers get to work

	Count	Share
Drove alone	11,789	72.9%
Carpooled	2,408	14.9%
Public transit	48	0.3%
Walked	196	1.2%
Bicycle	38	0.2%
Worked from home	1,504	9.3%
Other means	190	1.2%

Travel time

	Count	Share
Under 15 min	5,750	39.2%
15 to 29 min	5,373	36.6%
30 to 44 min	2,491	17.0%
45 to 59 min	394	2.7%
60+ min	661	4.5%

Households

Average household size: 2.25
Poverty rate: 17.3% (5,802 of 33,454)

	Count	Share
Family households	8,614	58.2%
Nonfamily households	6,193	41.8%

Housing

Median year structure built: 1977

Occupancy

	Count	Share
Occupied	14,807	89.0%
Vacant	1,836	11.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	8,157	55.1%
Renter-occupied	6,650	44.9%

1-unit, detached62.0%

1-unit, attached5.3%

2 to 4 units9.6%

5 to 19 units12.8%

20 or more units8.5%

Mobile home & other1.9%

Units in structure

	Count	Share
1-unit, detached	10,314	62.0%
1-unit, attached	877	5.3%
2 to 4 units	1,604	9.6%
5 to 19 units	2,124	12.8%
20 or more units	1,416	8.5%
Mobile home & other	308	1.9%

Geography

Place GEOID: 1254700
Type (LSAD): 25
Land area: 35 sq mi
Water area: 6.14 sq mi
Center point: 30.1663, -85.6702