Panama City

County:: Bay County
County Seat:: Yes
Area (mi²):: 35.434
State:: Florida

Panama City is a city located in Bay County, Florida. Panama City has a 2025 population of 37,525. It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.55% annually and its population has increased by 14.19% since the most recent census, which recorded a population of 32,862 in 2020.

The average household income in Panama City is $84,206 with a poverty rate of 17.34%. The median age in Panama City is 38.6 years: 34.5 years for males, and 41.5 years for females.

Demographics

The racial composition of Panama City includes 63.18% White, 21.04% Black or African American, 4.14% other race, and smaller percentages for Asian, Native American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Black or African American

Two or more races

Other race

Asian

Native American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	21,616	63.18%
Black or African American	7,197	21.04%
Two or more races	3,199	9.35%
Other race	1,415	4.14%
Asian	350	1.02%
Native American	347	1.01%
Native Hawaiian or Pacific Islander	87	0.25%

Panama City Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Panama City's average per capita income is $41,519. Household income levels show a median of $61,125. The poverty rate stands at 17.34%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$95,790	-
Families	$73,066	$94,422
Households	$61,125	$84,206
Non Families	$45,794	$64,563

$41,519

Average Income

$61,125

Median Household Income

17.34%

Poverty Rate