Panama City is a city located in Bay County Florida. Panama City has a 2024 population of 36,592. It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.61% annually and its population has increased by 11.35% 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.
According to the most recent ACS, the racial composition of Panama City was:
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% |
White
Black or African American
Two or more races
Other race
Asian
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 14,807 | 2.25 | 55.1 | 44.9 |
| Non Family | 6,193 | 1.2 | 47.9 | 52.1 |
| Married | 5,541 | 2.95 | 72.9 | 27.1 |
| Female | 2,283 | 3.23 | 28.4 | 71.6 |
| Male | 790 | 2.82 | 63.7 | 36.3 |
2.91
Average Family Size
2.25
Average Household Size
55.1%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 1,419 | 5.93% |
| Associates Degree | 2,760 | 11.53% |
| Bachelors Degree | 4,021 | 16.8% |
| Graduate Degree | 2,095 | 8.75% |
| High School Graduate | 6,591 | 27.53% |
| Less Than 9th Grade | 1,141 | 4.77% |
| Some College | 5,913 | 24.7% |
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 16,354 | 15,360 | 5,072 |
| Black | 4,456 | 3,403 | 463 |
| Hispanic | 1,844 | 1,473 | 246 |
| 2+ Races | 1,331 | 1,110 | 201 |
| Other Race | 771 | 716 | 189 |
| Asian | 266 | 173 | 107 |
| Native American | 229 | 109 | 3 |
| Islander | 48 | 48 | 0 |
The highest rate of high school graduation is among islander people with a rate of 100%.
The highest rate of bachelors degrees is among asian people with a rate of 40.23%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $49,585 | $64,175 | $43,648 |
| Graduate Degree | $92,014 | $124,609 | $59,083 |
| High School Graduate | $35,856 | $40,622 | $30,877 |
| Less Than 9th Grade | $30,375 | $40,496 | $19,821 |
| Overall | $41,519 | $48,840 | $36,565 |
| Some College | $39,690 | $51,138 | $36,250 |
$41,519
Average Earnings
$48,840
Average Male
$36,565
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
88.84% of Panama City residents speak only English, while 11.16% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 7.52% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| Black | 7,082 | 2,523 | 35.63% |
| White | 20,244 | 1,928 | 9.52% |
| Multiple | 3,123 | 821 | 26.29% |
| Hispanic | 3,230 | 569 | 17.62% |
| Other | 1,415 | 175 | 12.37% |
| Native | 347 | 100 | 28.82% |
| Asian | 350 | 20 | 5.71% |
| Islander | 87 | 17 | 19.54% |
17.34%
Overall Poverty Rate
14.37%
Male Poverty Rate
20.07%
Female Poverty Rate
The race most likely to be in poverty in Panama City is Black, with 35.63% below the poverty level.
The race least likely to be in poverty in Panama City is Asian, with 5.71% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 5.17%. Among those working part-time, it was 18.39%, and for those that did not work, the poverty rate was 24.18%.
rate
Rate | Poverty |
|---|---|
| Less Than 9th Grade | 32.02% |
| High School | 18.39% |
| Some College | 11.44% |
| Bachelors or Greater | 5.31% |
rate
Rate | Poverty |
|---|---|
| Female Unemployed | 74.07% |
| Female Employed | 11.86% |
| Male Unemployed | 11.61% |
| Male Employed | 5.9% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $73,066 | $94,422 |
| Households | $61,125 | $84,206 |
| Married Families | $95,790 | $-999,999,999 |
| Non Families | $45,794 | $64,563 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
43.4%
Overall Marriage Rate
46.0%
Male Marriage Rate
41.2%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 55-64.
Married
Widowed
Divorced
Separated
NeverMarried
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
2,804
Number of Veterans
2,376
Male Veterans
428
Female Veterans
War | Veterans |
|---|---|
| First Gulf War | 937 |
| Vietnam | 867 |
| Second Gulf War | 623 |
| Korea | 116 |
| World War II | 53 |
count
Age Group | Veterans |
|---|---|
| 35 to 54 | 716 |
| 55 to 64 | 694 |
| 65 to 74 | 680 |
| 75+ | 551 |
| 18 to 34 | 163 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 2,312 | 12.98% |
| Black | 328 | 6.22% |
| Hispanic | 89 | 4.22% |
| 2+ Races | 80 | 5.25% |
| Native American | 51 | 19.32% |
| Other Race | 24 | 2.91% |
| Asian | 9 | 2.97% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
7.03%
Veteran Poverty Rate
40.9%
Veteran Disability Rate
LaborForceParticipation
63%
Labor Force Participation
58.4%
Employment Rate
4.4%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
45.57%
Born in Panama City
91.26%
Native Born
8.74%
Foreign Born
5.16%
Non Citizen
3.59%
Naturalized
91.26% of Panama City residents were born in the United States, with 45.57% having been born in Florida. 5.16% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
Year | Population | Growth | Change |
|---|---|---|---|
| 2029 | 41,255 | 932 | 2.31% |
| 2028 | 40,323 | 933 | 2.37% |
| 2027 | 39,390 | 933 | 2.43% |
| 2026 | 38,457 | 932 | 2.48% |
| 2025 | 37,525 | 933 | 2.55% |
| 2024 | 36,592 | 932 | 2.61% |
| 2023 | 35,660 | 892 | 2.57% |
| 2022 | 34,768 | 590 | 1.73% |
| 2021 | 34,178 | 1,316 | 4% |
| 2020 | 32,862 | -1,676 | -4.85% |
| 2019 | 34,538 | -2,605 | -7.01% |
| 2018 | 37,143 | -15 | -0.04% |
| 2017 | 37,158 | -28 | -0.08% |
| 2016 | 37,186 | 118 | 0.32% |
| 2015 | 37,068 | 615 | 1.69% |
| 2014 | 36,453 | 757 | 2.12% |
| 2013 | 35,696 | 560 | 1.59% |
| 2012 | 35,136 | 378 | 1.09% |
| 2011 | 34,758 | 63 | 0.18% |
| 2010 | 34,695 | 0 | 0% |
| 2000 | 36,417 | 2,039 | 5.93% |
| 1990 | 34,378 | 1,032 | 3.09% |
| 1980 | 33,346 | 1,250 | 3.89% |
| 1970 | 32,096 | -1,179 | -3.54% |
| 1960 | 33,275 | 7,461 | 28.9% |
| 1950 | 25,814 | 14,204 | 122.34% |
| 1940 | 11,610 | 6,208 | 114.92% |
| 1930 | 5,402 | -35,853 | -86.91% |