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CITY · 2010 ACS

Panama City

Florida · 36,484 residents · 35.434 sq mi
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The short version

Panama City has lower-than-average household income, with a median household income of $39,916. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $156,200.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 39.7
US median: 37.2
Less educated
19% hold a bachelor's degree
US average: 28%
Less affordable
home values up 64%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
36,484
Unchangedsince 2000
from 36,417 in 2000
1990 – 2025
Population density
1,030 / sq mi
Unchangedsince 2000
from 1,028 / sq mi in 2000
US average: 261
Median age
39.7
+7%since 2000
from 37.2 in 2000
US average: 37.2
Population, 1990 – 2024
33K34K35K36K37K1990201020202024Panama City
202435K
1990201020202024
Section 02

Income & economy

Median household income
$39,916
Unchangedinflation adjusted, since 2000
from $31,572 in 2000
US average: $52,703
1990 – 2024
Per capita income
$22,211
+25%since 2000
from $17,830 in 2000
US average: $27,286
Households earning $100K+
20.4%
+0.3 ptssince 2009
from 20.1% in 2009
US average: 33.3%
Poverty rate
17.2%
−0.1 ptssince 2000
from 17.2% in 2000
US average: 13.8%
Income inequality (Gini)
0.443
US average: 0.461
Workforce by industry, 2010
Information12.9%
US avg: 11.5%
Wholesale trade10.6%
US avg: 7.2%
Other services7%
US avg: 7%
Retail trade5.5%
US avg: 10.9%
Finance & insurance3.6%
US avg: 5.1%
Professional, scientific, technical3.4%
US avg: 4.2%
Public administration3.1%
US avg: 4.9%
Arts, entertainment, food2.6%
US avg: 2.4%
Transportation & warehousing1.7%
US avg: 3.1%
Agriculture, forestry, fishing0.6%
US avg: 1.9%
Construction0.6%
US avg: 1.4%
Education & health services0.2%
US avg: 0.9%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$156,200
+64%inflation adjusted, since 2000
from $75,200 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$808
+21%inflation adjusted, since 2000
from $526 in 2000
US average: $853
Owner-occupied
31.8%
−25.9 ptssince 2000
from 57.8% in 2000
46.7% rent
Vacancy rate
14.8%
+1.1 ptssince 2009
from 13.8% in 2009
US average: 12.1%
Owner cost-burdened
29.8%
−0.8 ptssince 2009
from 30.6% in 2009
US average: 30.9%
Renter cost-burdened
52.5%
+6.8 ptssince 2009
from 45.7% in 2009
US average: 46.8%
Afford Score
3.9
+64%since 2000
from 2.4 in 2000
1990 – 2024
RELATED:See current rent listings in Panama City on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic72.3%(26,317)
Black21%(7,648)
Hispanic / Latino2.9%(1,060)
Asian1.5%(560)
Other0%
Diversity Score50.7%(18,470)
2010
White, non-Hispanic68.6%(25,021)
Black21.7%(7,921)
Hispanic / Latino5.1%(1,844)
Asian1.6%(587)
Other3%(1,093)
Diversity Score59.8%(21,813)
Diversity Score
60
+18%since 2000
from 51 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
19.2%
+0.3 ptssince 2000
from 18.9% in 2000
US average: 27.9%
High school or higher
85.4%
+6.2 ptssince 2000
from 79.2% in 2000
US average: 84.9%
Graduate degree
7.4%
Unchangedsince 2000
from 7.4% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
17.7 min
+53%since 2000
from 11.6 min in 2000
US average: 25.2
Drive alone to work
81.7%
+2.0 ptssince 2009
from 79.7% in 2009
US average: 76.2%
Carpooled to work
11.1%
−0.7 ptssince 2009
from 11.8% in 2009
US average: 10.4%
Public transit
1.3%
+0.4 ptssince 2009
from 1.0% in 2009
US average: 4.7%
Worked from home
1.7%
−0.9 ptssince 2009
from 2.6% in 2009
US average: 4.1%
Walked to work
1.2%
+0.1 ptssince 2009
from 1.1% in 2009
US average: 2.8%
Biked to work
0.7%
−0.1 ptssince 2009
from 0.8% in 2009
US average: 0.5%
No vehicle available
8.3%
+0.9 ptssince 2009
from 7.4% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
15.7%
+1.6 ptssince 2009
from 14.1% in 2009
US average: 12.9%
Management & professional
31.7%
−33.2 ptssince 2009
from 64.9% in 2009
US average: 35.2%
Section 08

People & community

Male
47.2%
+0.1 ptssince 2009
from 47.1% in 2009
Female
52.8%
−0.1 ptssince 2009
from 52.9% in 2009
Foreign born
5.5%
−0.6 ptssince 2009
from 6.1% in 2009
US average: 12.8%
Veterans
16.0%
−30.2 ptssince 2009
from 46.2% in 2009
US average: 9.9%
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+36%
Home value$188,600+21%
Population8,551−77%
SEE FULL COMPARISON →
PANAMA CITY VS
Upper Grand Lagoon
Income$82,157+106%
Home value$373,200+139%
Population17,232−54%
SEE FULL COMPARISON →
PANAMA CITY VS
Lynn Haven
Income$80,973+103%
Home value$320,000+105%
Population22,479−41%
SEE FULL COMPARISON →
PANAMA CITY VS
Callaway
Income$65,609+64%
Home value$250,300+60%
Population14,369−62%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama City, Florida?

Panama City, Florida has about 36,484 residents according to the 2010 American Community Survey.

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

The typical household in Panama City, Florida earns about $39,916 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 $156,200, and the typical rent is about $808 a month.

How educated are people in Panama City, Florida?

About 19.2% 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 17.2% 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 2,106 residents, a change of about 6 percent over that period.

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

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