Panama City Beach

Population: 18,493
Median household income: $78,921
Median home value: $417,800

Located in Bay County, Florida, Panama City Beach is a community with a population of 18,493. At $78,921, its median household income sits above Bay County's $70,188.

Between 2019 and 2023, Panama City Beach's population grew 45.0% from 12,751 to 18,493, while its median home value rose 71.7% from $243,300 to $417,800.

8.2% of residents live below the poverty line. Households average 2.17 people.

Demographics

ACS 2019–2023

Population: 18,493
Median age: 45.2 yrs
Median household income: $78,921
Median home value: $417,800
Median gross rent: $1,737
Housing units: 21,078
Homeownership rate: 62.1%
Bachelor's degree or higher: 36.8%
Unemployment rate: 2.5%

Trends

ACS 5-year · 2019–2023

Population

12,75118,493

Median household income

$63,912$78,921

Median home value

$243,300$417,800

Median gross rent

$1,268$1,737

Year	Population	Median household income	Median home value	Median gross rent
2019	12,751	$63,912	$243,300	$1,268
2020	12,747	$65,253	$266,900	$1,358
2021	17,882	$70,131	$290,700	$1,462
2022	18,281	$76,091	$363,900	$1,646
2023	18,493	$78,921	$417,800	$1,737

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

Age distribution

Under 53.5%

5 to 1713.3%

18 to 247.4%

25 to 3412.5%

35 to 4413.1%

45 to 5413.9%

55 to 6418.4%

65 to 7411.0%

75 and over7.0%

	Count	Share
Under 5	655	3.5%
5 to 17	2,451	13.3%
18 to 24	1,365	7.4%
25 to 34	2,303	12.5%
35 to 44	2,416	13.1%
45 to 54	2,574	13.9%
55 to 64	3,399	18.4%
65 to 74	2,031	11.0%
75 and over	1,299	7.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	14,379	77.8%
Black or African American	1,305	7.1%
American Indian & Alaska Native	67	0.4%
Asian	375	2.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	78	0.4%
Two or more races	707	3.8%
Hispanic or Latino (any race)	1,582	8.6%

Educational attainment (age 25+)

No high school diploma5.5%

High school graduate20.6%

Some college or associate's37.1%

Bachelor's degree21.7%

Graduate or professional degree15.0%

	Count	Share
No high school diploma	778	5.5%
High school graduate	2,886	20.6%
Some college or associate's	5,203	37.1%
Bachelor's degree	3,049	21.7%
Graduate or professional degree	2,106	15.0%

Commute to work

Mean travel time to work: 24 min

Drove alone75.8%

Carpooled9.0%

Public transit0.1%

Walked2.6%

Bicycle0.0%

Worked from home10.7%

Other means1.8%

How workers get to work

	Count	Share
Drove alone	7,584	75.8%
Carpooled	898	9.0%
Public transit	13	0.1%
Walked	260	2.6%
Bicycle	0	0.0%
Worked from home	1,069	10.7%
Other means	175	1.8%

Travel time

	Count	Share
Under 15 min	2,835	31.7%
15 to 29 min	3,360	37.6%
30 to 44 min	1,789	20.0%
45 to 59 min	368	4.1%
60+ min	578	6.5%

Households

Average household size: 2.17
Poverty rate: 8.2% (1,505 of 18,379)

	Count	Share
Family households	5,432	64.1%
Nonfamily households	3,038	35.9%

Housing

Median year structure built: 2000

Occupancy

	Count	Share
Occupied	8,470	40.2%
Vacant	12,608	59.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	5,259	62.1%
Renter-occupied	3,211	37.9%

1-unit, detached25.7%

1-unit, attached3.3%

2 to 4 units3.4%

5 to 19 units13.8%

20 or more units52.0%

Mobile home & other1.8%

Units in structure

	Count	Share
1-unit, detached	5,421	25.7%
1-unit, attached	705	3.3%
2 to 4 units	710	3.4%
5 to 19 units	2,902	13.8%
20 or more units	10,961	52.0%
Mobile home & other	379	1.8%

Geography

Place GEOID: 1254725
Type (LSAD): 25
Land area: 19 sq mi
Water area: 0.2 sq mi
Center point: 30.2332, -85.8771