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CITY · 2020 ACS

Panama City Beach

Florida · 18,094 residents · 19.305 sq mi
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The short version

Panama City Beach has roughly average household income, with a median household income of $65,253. The city has more than doubled in size since 2000, adding 10,423 residents. Median home value has more than doubled since 2000, reaching $266,900. With a median age of 45.7, the population is older than the US median of 38.8.

At a glance
Average income
near the US median
US median: $66,278
Older
median age 45.7
US median: 38.8
Average education
31% hold a bachelor's degree
US average: 33%
Less affordable
home values up 69%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
18,094
+136%since 2000
from 7,671 in 2000
1990 – 2025
Population density
937 / sq mi
+136%since 2000
from 397 / sq mi in 2000
US average: 280
Median age
45.7
+3%since 2000
from 44.4 in 2000
US average: 38.8
Population, 1990 – 2024
3K7K12K16K20K1990201020202024Panama City Beach
202419K
1990201020202024
Section 02

Income & economy

Median household income
$65,253
+5%inflation adjusted, since 2000
from $41,198 in 2000
US average: $66,278
1990 – 2024
Per capita income
$37,789
+41%since 2000
from $26,734 in 2000
US average: $35,364
Households earning $100K+
41.0%
+7.6 ptssince 2009
from 33.4% in 2009
US average: 43.9%
Poverty rate
7.4%
+2.5 ptssince 2000
from 5.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Information18.3%
US avg: 11.1%
Other services8%
US avg: 6.6%
Wholesale trade7.1%
US avg: 6.7%
Retail trade3.2%
US avg: 10%
Public administration2.8%
US avg: 4.7%
Finance & insurance2%
US avg: 5.5%
Transportation & warehousing1.6%
US avg: 2.5%
Professional, scientific, technical1.6%
US avg: 4.7%
Arts, entertainment, food1.1%
US avg: 2%
Education & health services0.4%
US avg: 0.8%
Agriculture, forestry, fishing0.1%
US avg: 1.7%
Construction0.1%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$266,900
+69%inflation adjusted, since 2000
from $105,000 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,358
+35%inflation adjusted, since 2000
from $671 in 2000
US average: $1,124
Owner-occupied
58.4%
−15.4 ptssince 2000
from 73.8% in 2000
41.6% rent
Afford Score
4.1
+60%since 2000
from 2.5 in 2000
1990 – 2024
RELATED:See current rent listings in Panama City Beach on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic94.6%(7,253)
Black0.8%(59)
Hispanic / Latino2.2%(169)
Asian0.8%(59)
Other0%
Diversity Score9.3%(710)
2020
White, non-Hispanic78.4%(14,181)
Black5.2%(947)
Hispanic / Latino7.5%(1,363)
Asian3.1%(556)
Other3.6%(647)
Diversity Score43.3%(7,838)
Diversity Score
43
+368%since 2000
from 9 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
31.0%
+6.9 ptssince 2000
from 24.1% in 2000
US average: 32.9%
High school or higher
91.5%
+3.9 ptssince 2000
from 87.5% in 2000
US average: 88.5%
Graduate degree
10.8%
+1.8 ptssince 2000
from 9.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
21.7 min
+68%since 2000
from 12.9 min in 2000
US average: 26.9
Drive alone to work
83.1%
−3.6 ptssince 2009
from 86.7% in 2009
US average: 75.1%
No vehicle available
2.2%
−0.1 ptssince 2009
from 2.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.6%
−4.4 ptssince 2011
from 7.0% in 2011
US average: 5.4%
Labor force participation
66.7%
−1.7 ptssince 2011
from 68.4% in 2011
US average: 63.4%
Management & professional
40.0%
−24.4 ptssince 2009
from 64.3% in 2009
US average: 39.3%
Section 08

People & community

Male
52.1%
+2.6 ptssince 2009
from 49.6% in 2009
Female
47.9%
−2.6 ptssince 2009
from 50.4% in 2009
Foreign born
14.3%
+7.2 ptssince 2009
from 7.1% in 2009
US average: 13.5%
Uninsured
14.6%
−64.6 ptssince 2013
from 79.2% in 2013
US average: 8.8%
Drill deeper

Places similar to Panama City Beach

Lynn Haven
Pop 22,479
Punta Gorda
Pop 20,383
Auburndale
Pop 21,369
Gibsonton
Pop 18,754
Places similar to Panama City Beach
Head to head

Compare Panama City Beach to nearby cities

PANAMA CITY BEACH VS
Upper Grand Lagoon
Income$82,157+26%
Home value$373,200+40%
Population17,232−15%
SEE FULL COMPARISON →
PANAMA CITY BEACH VS
Panama City
Income$62,265−5%
Home value$268,900+1%
Population37,806+86%
SEE FULL COMPARISON →
PANAMA CITY BEACH VS
Lynn Haven
Income$80,973+24%
Home value$320,000+20%
Population22,479+10%
SEE FULL COMPARISON →
PANAMA CITY BEACH VS
Springfield
Income$54,462−17%
Home value$188,600−29%
Population8,551−58%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama City Beach, Florida?

Panama City Beach, Florida has about 18,094 residents according to the 2020 American Community Survey.

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

The typical household in Panama City Beach, Florida earns about $65,253 a year. Half of households make more than that, and half make less.

Is Panama City Beach, Florida expensive?

In Panama City Beach, Florida, the median home is worth about $266,900, and the typical rent is about $1,358 a month.

How educated are people in Panama City Beach, Florida?

About 31.0% of adults age 25 and over in Panama City Beach, Florida hold a bachelor's degree or higher.

What is the poverty rate in Panama City Beach, Florida?

About 7.4% of people in Panama City Beach, Florida live below the federal poverty line.

Has Panama City Beach, Florida grown since 1990?

Yes, Panama City Beach, Florida has grown since 1990. The population has added about 13,867 residents, a change of about 328 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 →