Panama City Beach is home to 18,971 people in Florida. Since 2000 the city has more than doubled, up 11,300 people. At a median age of 45.4, this is an older place than the country as a whole. People stay put here: 79% were in the same home a year ago. 59% of homes are owner-occupied. Getting to work takes 21 minutes on average.
At a glance
Average income
median household income $80,941, near the US median
US median: $82,259
Older
median age 45.4
US median: 38.9
Average education
38% hold a bachelor's degree
US average: 36%
Less affordable
home values up 131%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Panama City Beach
What changed most since 1990
Population4,227 → 18,971(+349%)US over the same years: +35%
Median home value (2024 dollars)$152,884 → $441,300(+189%)US over the same years: +67%
Homes owned by their occupants78.3% → 59.2%(−19.0 pts)US over the same years: +0.9 pts
Panama City Beach's population equals 10% of Bay County's. Its number of people who work from home equals 15% of the county's. Its number of adults with a bachelor's degree or higher equals 14% of the county's.
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)38%(673)
US avg: 26.4%
Gulf War (1990s)33.7%(597)
US avg: 24.3%
Vietnam era26.8%(476)
US avg: 33.1%
Korean War2.7%(48)
US avg: 4.5%
World War II0.6%(10)
US avg: 1%
Share of the 1,773 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 Beach, decade by decade
Panama City Beach population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
4,227
$59,109
$152,884
15.9%
9.3
2000
7,671
$75,049
$191,274
24.1%
13.1
2010
12,018
$71,336
$368,418
22.9%
31.9
2020
18,094
$79,089
$323,493
31.0%
46.9
2024
18,971
$80,941
$441,300
38.0%
48.5
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.
