In 2019, Panama City, FL had a population of 182k people with a median age of 39.8 and a median household income of $54,316. Between 2018 and 2019 the population of Panama City, FL declined from 198,537 to 182,161, a −8.25% decrease and its median household income grew from $51,271 to $54,316, a 5.94% increase.
The 5 largest ethnic groups in Panama City, FL are White (Non-Hispanic) (76.1%), Black or African American (Non-Hispanic) (10.8%), White (Hispanic) (4.94%), Two+ (Non-Hispanic) (3.35%), and Asian (Non-Hispanic) (2.32%). 0% of the households in Panama City, FL speak a non-English language at home as their primary language.
97% of the residents in Panama City, FL are U.S. citizens.
In 2019, the median property value in Panama City, FL was $178,400, and the homeownership rate was 65.1%. Most people in Panama City, FL drove alone to work, and the average commute time was 23.1 minutes. The average car ownership in Panama City, FL was 2 cars per household.
Panama City, FL borders Crestview-Fort Walton Beach-Destin, FL.