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CITY

Panama City

Florida · 37,806 residents (2025 est.) · 35.4 sq mi
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The short version

Panama City is home to 34,979 people in Florida. About 26% of adults have finished a four-year degree. 78% were living in the same home a year earlier. Owners hold 56% of the housing stock. The typical home is worth $268,900, having more than tripled since 2000. Households here earn about 16% less than in Florida as a whole.

At a glance
Lower income
median household income $62,265, below the US median
US median: $82,259
Mid-age
median age 39.5
US median: 38.9
Less educated
26% hold a bachelor's degree
US average: 36%
Less affordable
home values up 96%, inflation adjusted
US median home: $376,019
Unique to this place

What stands out about Panama City

What changed most since 1990

  • Median home value (2024 dollars)$118,803 → $268,900 (+126%)US over the same years: +67%
  • Adults with a bachelor's degree16.7% → 26.4% (+9.7 pts)US over the same years: +15.3 pts

Among the 18 cities and towns in the Panama City metro

  • 14th in household income$62,265
  • 9th in share with a bachelor's degree26.4%
  • 8th in home value$268,900
  • 4th in diversity score70.4

Its weight in Bay County

Panama City's population equals 19% of Bay County's. Its number of residents living in poverty equals 28% of the county's. Its number of veterans equals 14% of the county's.

Section 01

Population & growth

Total population
34,979
−4%since 2000
from 36,417 in 2000
37,806 in 2025 (Census Bureau estimate)
1990 – 2025
Population density
987 / sq mi
−4%since 2000
from 1,028 / sq mi in 2000
US average: 281
Median age
39.5
+6%since 2000
from 37.2 in 2000
US average: 38.9
Land area
35.4 sq mi
Population, 1990 – 2024
33K34K35K36K37K19902000201020202024Panama City
202435K
1990201020202024
Age distribution, 2024
Under 56.3%(2,204)
US avg: 5.6%
5 to 95.1%(1,782)
US avg: 6%
10 to 146.8%(2,376)
US avg: 6.4%
15 to 195.7%(1,990)
US avg: 6.6%
20 to 245.4%(1,897)
US avg: 6.5%
25 to 3416.5%(5,768)
US avg: 13.7%
35 to 4411.6%(4,069)
US avg: 13.2%
45 to 5412.1%(4,220)
US avg: 12.2%
55 to 6412.7%(4,453)
US avg: 12.7%
65 to 7410.4%(3,628)
US avg: 10.2%
75 to 844.8%(1,672)
US avg: 5.1%
85 and over2.6%(920)
US avg: 1.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02

Income & economy

Median household income
$62,265
+8%inflation adjusted, since 2000
from $31,572 in 2000
US average: $82,259
1990 – 2024
Per capita income
$38,881
+118%since 2000
from $17,830 in 2000
US average: $44,673
Households earning $100K+
40.6%
+20.4 ptssince 2009
from 20.1% in 2009
US average: 53.3%
Poverty rate
17.6%
+0.4 ptssince 2000
from 17.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.492
+11%since 2010
from 0.443 in 2010
US average: 0.476
Workforce by industry, 2024
Information13%
US avg: 10.8%
Wholesale trade8.6%
US avg: 6.9%
Other services7.4%
US avg: 6.7%
Finance & insurance4.2%
US avg: 5.9%
Retail trade3.9%
US avg: 9.9%
Public administration3.9%
US avg: 4.8%
Professional, scientific, technical3.3%
US avg: 5.1%
Transportation & warehousing1.6%
US avg: 2.2%
Arts, entertainment, food1.5%
US avg: 1.9%
Education & health services0.9%
US avg: 0.9%
Agriculture, forestry, fishing0.5%
US avg: 1.6%
Construction0.4%
US avg: 1.2%
Manufacturing0.1%
US avg: 0.4%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03

Housing

Median home value
$268,900
+96%inflation adjusted, since 2000
from $75,200 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,327
+38%inflation adjusted, since 2000
from $526 in 2000
US average: $1,442
Owner-occupied
56.3%
−1.5 ptssince 2000
from 57.8% in 2000
43.7% rent
Vacancy rate
11.3%
−2.4 ptssince 2009
from 13.8% in 2009
US average: 10.0%
Persons per household
2.25 people
+1%since 2009
from 2.23 people in 2009
US average: 2.54
Owner cost-burdened
23.7%
−6.9 ptssince 2009
from 30.6% in 2009
US average: 22.9%
Renter cost-burdened
60.4%
+14.7 ptssince 2009
from 45.7% in 2009
US average: 47.4%
Afford Score
4.3
+11%since 2009
from 3.9 in 2009
1990 – 2024
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Gentrification Score
59
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
Section 04

Race & ethnicity

2000
White, non-Hispanic72.3%(26,317)
Black21%(7,648)
Hispanic / Latino2.9%(1,060)
Asian1.5%(560)
Other0%
2024
White, non-Hispanic61.8%(21,627)
Black20.1%(7,015)
Hispanic / Latino9.7%(3,405)
Asian1.7%(587)
Other6.7%(2,345)
Diversity Score
70
+18%since 2009
from 60 in 2009
1990 – 2024
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins

Detailed origins & ancestry

Hispanic origin
Mexican4.2%(1,481)
Puerto Rican2.1%(737)
Cuban1.1%(402)
Honduran0.4%(139)
Nicaraguan0.4%(124)
Costa Rican0.3%(89)
Peruvian0.2%(77)
Venezuelan0.2%(73)
Dominican0.1%(52)
Guatemalan0.1%(36)
+ 3 more hispanic origin groups with data
Spaniard0.1%(19)
Asian origin
Vietnamese0.7%(235)
Filipino0.4%(123)
Korean0.3%(122)
Pakistani0.1%(51)
Thai0.1%(19)
Asian Indian0.1%(19)
Chinese0%(5)
Pacific Islander origin
Marshallese0.1%(40)
Ancestry
English12.4%(4,349)
Irish11.7%(4,079)
German9.8%(3,436)
American6.3%(2,200)
Italian4%(1,409)
Scottish3.3%(1,139)
French2.7%(960)
Polish2%(689)
Jamaican1.7%(594)
Dutch1.2%(436)
British1.2%(424)
+ 27 more ancestry groups with data
Norwegian0.9%(329)
Scotch-Irish0.9%(313)
Swedish0.6%(194)
Welsh0.4%(157)
Arab0.3%(102)
Greek0.3%(95)
Danish0.3%(92)
Portuguese0.3%(88)
Czech0.2%(78)
Russian0.2%(68)
Ukrainian0.2%(53)
Egyptian0.1%(52)
Swiss0.1%(43)
Canadian0.1%(42)
Hungarian0.1%(37)
Finnish0.1%(31)
Syrian0.1%(27)
Austrian0.1%(25)
Haitian0.1%(24)
Romanian0.1%(23)
Slovene0.1%(19)
Lebanese0%(15)
Belgian0%(13)
Slovak0%(8)
Section 05

Education

Bachelor's degree or higher
26.4%
+7.6 ptssince 2000
from 18.9% in 2000
US average: 35.6%
High school or higher
90.4%
+11.2 ptssince 2000
from 79.2% in 2000
US average: 89.6%
Graduate degree
10.0%
+2.6 ptssince 2000
from 7.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
21.4 min
+85%since 2000
from 11.6 min in 2000
US average: 26.5
Drive alone to work
72.6%
−7.1 ptssince 2009
from 79.7% in 2009
US average: 68.9%
Carpooled to work
13.6%
+1.8 ptssince 2009
from 11.8% in 2009
US average: 8.5%
Public transit
0.2%
−0.8 ptssince 2009
from 1.0% in 2009
US average: 3.2%
Worked from home
10.9%
+8.4 ptssince 2009
from 2.6% in 2009
US average: 15.0%
Walked to work
1.2%
+0.1 ptssince 2009
from 1.1% in 2009
US average: 2.4%
Biked to work
0.3%
−0.5 ptssince 2009
from 0.8% in 2009
US average: 0.4%
No vehicle available
5.4%
−2.0 ptssince 2009
from 7.4% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.5%
−4.8 ptssince 2011
from 9.2% in 2011
US average: 5.2%
Labor force participation
63.2%
+0.8 ptssince 2011
from 62.4% in 2011
US average: 63.5%
Women 20-64 in the labor force
73.1%
+0.8 ptssince 2020
from 72.3% in 2020
US average: 74.6%
Self-employed
13.6%
−0.5 ptssince 2009
from 14.1% in 2009
US average: 13.1%
Management & professional
38.1%
+5.1 ptssince 2009
from 33.0% in 2009
US average: 42.5%
Section 08

People & community

Male
47.3%
+0.2 ptssince 2009
from 47.1% in 2009
Female
52.7%
−0.2 ptssince 2009
from 52.9% in 2009
Foreign born
10.0%
+3.9 ptssince 2009
from 6.1% in 2009
US average: 14.1%
Veterans
10.2%
−6.1 ptssince 2009
from 16.4% in 2009
US average: 6.2%
With a disability
19.2%
+1.7 ptssince 2012
from 17.5% in 2012
US average: 13.3%
Uninsured
17.8%
−3.6 ptssince 2013
from 21.4% in 2013
US average: 8.4%
Broadband at home
87.9%
+11.6 ptssince 2017
from 76.3% in 2017
US average: 91.0%
Computer in household
95.2%
+3.8 ptssince 2020
from 91.4% in 2020
US average: 95.5%
Same house as last year
78.2%
+1.2 ptssince 2020
from 77.0% in 2020
US average: 87.7%
English only at home
88.2%
−2.4 ptssince 2016
from 90.6% in 2016
US average: 77.7%
Spanish at home
7.2%
+2.4 ptssince 2016
from 4.9% in 2016
US average: 13.6%
Marital status
Men 15+
Never married35.1%(4,603)
Married49.2%(6,457)
Widowed3.3%(428)
Divorced12.5%(1,643)
Women 15+
Never married29.5%(4,570)
Married43%(6,661)
Widowed10.4%(1,610)
Divorced17.1%(2,645)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Section 09

Health coverage

Uninsured
17.8%
−3.6 ptssince 2013
from 21.4% in 2013
US average: 8.4%
Employer-based
37.6%
−1.1 ptssince 2020
from 38.7% in 2020
US average: 54.8%
Direct-purchase
15.1%
+0.1 ptssince 2020
from 15.0% in 2020
US average: 13.8%
Medicare
20.0%
−0.9 ptssince 2020
from 20.9% in 2020
US average: 18.4%
Medicaid
22.5%
+0.1 ptssince 2020
from 22.4% in 2020
US average: 20.9%
VA health care
2.7%
−0.9 ptssince 2020
from 3.6% in 2020
US average: 2.2%
Any private
55.1%
−2.3 ptssince 2020
from 57.4% in 2020
US average: 67.1%
Any public
39.6%
−1.0 ptssince 2020
from 40.6% in 2020
US average: 36.7%

Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.

Section 09 · Service history

Veterans

Veterans by period of service, 2024
Gulf War (2001 or later)24.3%(673)
US avg: 26.4%
Gulf War (1990s)34.4%(950)
US avg: 24.3%
Vietnam era27.8%(769)
US avg: 33.1%
Korean War3.8%(104)
US avg: 4.5%
World War II1.7%(48)
US avg: 1%

Share of the 2,764 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.

BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time

Panama City, decade by decade

Panama City population, inflation-adjusted income and home value, education, and diversity by year
YearPopulationMedian household incomeMedian home valueBachelor's degree+Diversity score
199034,378$52,516$118,80316.7%49.2
200036,417$57,513$136,98818.9%54.0
201036,484$57,422$224,70519.2%59.9
202032,939$58,402$204,95625.3%70.9
202434,979$62,265$268,90026.4%70.4

Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.

Drill deeper

Places similar to Panama City

Dalton
Pop 35,322
South Miami Heights
Pop 38,766
Dover
Pop 40,592
Casselberry
Pop 31,872
Places similar to Panama City
Head to head

Compare Panama City to nearby cities

PANAMA CITY VS
Springfield
Income$54,462−13%
Home value$188,600−30%
Population8,551−77%
SEE FULL COMPARISON →
PANAMA CITY VS
Upper Grand Lagoon
Income$82,157+32%
Home value$373,200+39%
Population17,232−54%
SEE FULL COMPARISON →
PANAMA CITY VS
Lynn Haven
Income$80,973+30%
Home value$320,000+19%
Population22,479−41%
SEE FULL COMPARISON →
PANAMA CITY VS
Callaway
Income$65,609+5%
Home value$250,300−7%
Population14,369−62%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama City, Florida?

Panama City, Florida has about 34,979 residents according to the 2024 American Community Survey.

What is the median household income in Panama City, Florida?

The typical household in Panama City, Florida earns about $62,265 a year. Half of households make more than that, and half make less.

Is Panama City, Florida expensive?

In Panama City, Florida, the median home is worth about $268,900, and the typical rent is about $1,327 a month.

How educated are people in Panama City, Florida?

About 26.4% of adults age 25 and over in Panama City, Florida hold a bachelor's degree or higher.

What is the poverty rate in Panama City, Florida?

About 17.6% of people in Panama City, Florida live below the federal poverty line.

Has Panama City, Florida grown since 1990?

Yes, Panama City, Florida has grown since 1990. The population has added about 601 residents, a change of about 2 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →