Panama City, FL

Census Place

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2024 Population

34,979

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

39.5

2.33% 1-year increase

2024 Poverty Rate

17.6%

1.57% 1-year increase

2024 Median Household Income

$62,265

1.87% 1-year growth

2024 Median Property Value

$268,900

10.6% 1-year growth

2024 Employed Population

16,728

4.65% 1-year growth

About

None of the households in Panama City, FL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

93.9% of the residents in Panama City, FL are U.S. citizens.

The largest universities in Panama City, FL are Gulf Coast State College (1,012 degrees awarded in 2024).

In 2024, the median property value in Panama City, FL was $268,900, and the homeownership rate was 56.3%.

Most people in Panama City, FL drove alone to work, and the average commute time was 21.4 minutes. The average car ownership in Panama City, FL was 2 cars per household.

Photo by Phillip Hendon

United States Florida Bay County, FL Panama City, FL Bay County PUMA, FL

Population & Diversity

Panama City, FL is home to a population of 35k people, from which 93.9% are citizens. As of 2024, 9.94% of Panama City, FL residents were born outside of the country (3.48k people).

In 2024, there were 3.08 times more White (Non-Hispanic) residents (21.6k people) in Panama City, FL than any other race or ethnicity. There were 7.02k Black or African American (Non-Hispanic) and 1.71k Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

93.9%

2024 Citizenship

94.8%

2023 Citizenship

As of 2024, 93.9% of Panama City, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Panama City, FL was 94.8%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Panama City, FL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Panama City, FL

White (Non-Hispanic)
21.6k ± 1.05k
Black or African American (Non-Hispanic)
7.02k ± 892
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
1.71k ± 398

9.73%

Hispanic Population

3.41k people

9.73% of the people in Panama City, FL are hispanic (3.41k people).

The following chart shows the 8 races represented in Panama City, FL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

9.94%

2024 Foreign-Born Population

3.48k people

8.72%

2023 Foreign-Born Population

2.98k people

As of 2024, 9.94% of Panama City, FL residents (3.48k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Panama City, FL was 8.72%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Panama City, FL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
705 ± 196
Gulf War (2001-)
673 ± 185
Gulf War (1990s)
638 ± 182

Panama City, FL has a large population of military personnel who served in Vietnam, 1.05 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Panama City, FL.

Health

82.2% of the population of Panama City, FL has health coverage, with 31.2% on employee plans, 19.4% on Medicaid, 11.8% on Medicare, 16.5% on non-group plans, and 3.31% on military or VA plans.

Primary care physicians in Florida see 1,370 patients per year on average, which represents a 0% change from the previous year (1,370 patients). Compare this to dentists who see 1563 patients per year, and mental health providers who see 459 patients per year.

By gender, of the total number of insured persons, 46.6% were men and 53.4% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 23% under 18 years, 23.2% between 18 and 34 years, 36.7% between 35 and 64 years, and 17.1% over 64 years.

By gender, of the total number of insured persons, 46.6% were men and 53.4% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

17.8%

Uninsured

31.2%

Employer Coverage

19.4%

Medicaid

11.8%

Medicare

16.5%

Non-Group

3.31%

Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Panama City, FL declined by 1.58% from 18.1% to 17.8%.

The following chart shows how the percent of uninsured individuals in Panama City, FL changed over time compared with the percent of individuals enrolled in various types of health insurance.

Economy

The economy of Panama City, FL employs 16.7k people. In 2024, the largest industries in Panama City, FL were Retail Trade (2,178 people), Accommodation & Food Services (1,975 people), and Health Care & Social Assistance (1,947 people), and the highest paying industries were Agriculture, Forestry, Fishing & Hunting ($78,841), Agriculture, Forestry, Fishing & Hunting, & Mining ($78,409), and Professional, Scientific, & Technical Services ($67,328).

Employment

Occupations

16.7k

2024 Value

± 1,181

4.65%

1 Year growth

± 9.58%

From 2023 to 2024, employment in Panama City, FL grew at a rate of 4.65%, from 16k employees to 16.7k employees.

The most common job groups, by number of people living in Panama City, FL, are Office & Administrative Support Occupations (1,932 people), Management Occupations (1,907 people), and Sales & Related Occupations (1,677 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama City, FL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

16.7k

2024 Value

± 1,181

4.65%

1 Year growth

± 9.58%

From 2023 to 2024, employment in Panama City, FL grew at a rate of 4.65%, from 16k employees to 16.7k employees.

The most common employment sectors for those who live in Panama City, FL, are Retail Trade (2,178 people), Accommodation & Food Services (1,975 people), and Health Care & Social Assistance (1,947 people). This chart shows the share breakdown of the primary industries for residents of Panama City, FL, though some of these residents may live in Panama City, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$45,890

Median earning men ± $4,352

$39,552

Median earning women ± $2,049

The industries with the best median earnings for men in 2024 are Agriculture, Forestry, Fishing & Hunting, & Mining ($78,409), Public Administration ($77,057), and Wholesale Trade ($75,656).

The industries with the best median earnings for women in 2024 are Public Administration ($60,295), Professional, Scientific, & Management, & Administrative & Waste Management Services ($49,127), and Manufacturing ($42,330).

Employment by Industry Sector

Data is only available at the state level. Showing data for Florida.

Y-Axis

4.23%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 9.69M people employed in Florida. This represents a 4.23% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 12.6%.

The following chart shows monthly employment numbers for each industry sector in Florida.

Civics

In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

Rick Scott and Ashley Moody are the senators currently representing the state of Florida. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Florida is currently represented by 28 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Presidential Popular Vote Over Time

Voting results are not available for Panama City, FL. Showing the available data for Florida.

2024 Election Results

Donald J. Trump (56.1%)
Republican Party
Kamala Harris (43%)
Democratic Party
Jill Stein (0.396%)
Green Party

In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

The following chart shows the popular vote results in Florida for each registered party from 1976 to 2024.

Senator Elections

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.

Rick Scott

Senator from Florida

Assumed office on January 8, 2019
Inauguration delayed in order to finish his term as Governor of Florida.

Ashley Moody

Senator from Florida

Assumed office on January 21, 2025
While elections for full class 3 terms will take place in 2028, Florida will hold a special election in 2026 to elect a senator to complete the remainder of Marco Rubio's term.

Rick Scott and Ashley Moody are the senators currently representing Florida.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Florida over time, excluding special elections, colored by their political party.

Education

In 2024, universities in Panama City, FL awarded 1,012 degrees. The student population of Panama City, FL in 2024 is skewed towards women, with 1,922 male students and 3,504 female students.

Most students graduating from Universities in Panama City, FL are White (717 and 71.6%), Black or African American (104 and 10.4%), Hispanic or Latino (74 and 7.39%), and Two or More Races (51 and 5.09%).

The largest universities in Panama City, FL by number of degrees awarded are Gulf Coast State College (1,012 and 100%).

The most popular majors in Panama City, FL are Liberal Arts & Sciences (385 and 38%), Registered Nursing (150 and 14.8%), and Emergency Medical Technician (EMT Paramedic) (73 and 7.21%).

The median tuition cost for a public four year colleges is $1,750 for in-state students and $7,065 for out-of-state students.

Admissions & Enrollments

Enrollments by Gender and Races

In 2024 there were 5,426 students enrolled in Panama City, FL, 35.4% men and 64.6% women.

By race, the largest number of students enrolled was concentrated in White with 3,632 records, of which 63.7% were women and 36.3% men.

Completions

Concentrations

Most Common

Liberal Arts & Sciences
385 degrees awarded
Registered Nursing
117 degrees awarded
Surgical Technologist
18 degrees awarded

In 2024, the most common concentation for Associates Degree recipients in Panama City, FL was Liberal Arts & Sciences with 385 degrees awarded.

This visualization illustrates the percentage of students graduating with a Associates Degree from schools in Panama City, FL according to their major.

Universities

Gender

Race

Gulf Coast State College

Largest Universities by degrees awarded

1,012 degrees awarded

In 2024, the institution with the largest number of graduating students was Gulf Coast State College with 1,012 degrees awarded.

Student Diversity

In 2024, 382 men were awarded degrees from institutions in Panama City, FL, which is 0.606 times less than the 630 female students who received degrees in the same year.

In 2024, the most common race/ethnicity group awarded degrees at institutions was White students. These 717 degrees mean that there were 6.89 times more degrees awarded to White students then the next closest race/ethnicity group, Black or African American, with 104 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Public, 4-year or above ($1,750) is the sector with the highest median state tuition in 2024.

Public, 4-year or above ($620) is the sector with the highest median state fee in 2024.

Public, 4-year or above ($1,200) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Housing & Living

The median property value in Panama City, FL was $268,900 in 2024, which is 0.808 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $243,200 to $268,900, a 10.6% increase. The homeownership rate in Panama City, FL is 56.3%, which is lower than the national average of 65.2%.

People in Panama City, FL have an average commute time of 21.4 minutes, and they drove alone to work. Car ownership in Panama City, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$268,900

Median Property Value 2024

±$16,269

$8,535

Median Property Taxes

±$708

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Panama City, FL the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Panama City, FL compared to it's parent and neighbor geographies.

Rent vs Own

56.3%

Homeownership

2024

66.5%

Homeowners with Mortgage

2024

In 2024, 56.3% of the housing units in Panama City, FL were occupied by their owner. This percentage grew from the previous year's rate of 55.1%.

This chart shows the percentage of owner in Panama City, FL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$62,265

Median Household Income

± $3,031

15.2k

Number of Households

± 1,036

In 2024, the median household income of the 15.2k households in Panama City, FL grew to $62,265 from the previous year's value of $61,125.

The following chart displays the households in Panama City, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Panama City, FL is from Florida.

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (72.6%)
Carpooled (13.6%)
Worked At Home (10.9%)

In 2024, 72.6% of workers in Panama City, FL drove alone to work, followed by those who carpooled to work (13.6%) and those who worked at home (10.9%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

21.4 minutes

Average Travel Time

Using averages, employees in Panama City, FL have a shorter commute time (21.4 minutes) than the normal US worker (26.4 minutes). Additionally, 2.93% of the workforce in Panama City, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Panama City, FL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Panama City, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Panama City, FL have 2 cars.

Poverty

Poverty & Diversity

17.6% of the population for whom poverty status is determined in Panama City, FL (6.03k out of 34.2k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Females 35 - 44 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Panama City, FL is White, followed by Black and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.