Panama City, FL

Metropolitan Statistical Area (MSA)

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2024 Population
211,922
US Senator
Rick Scott
Republican Party
US Senator
Ashley Moody
Republican Party
2024 Median Age
41.1
0.725% 1-year decrease
2024 Poverty Rate
12.5%
0.0185% 1-year increase
2024 Median Household Income
$71,514
5.43% 1-year growth
2024 Median Property Value
$294,300
11.7% 1-year growth
2024 Employed Population
99,717
3.84% 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.

95.7% of the residents in Panama City, FL are U.S. citizens.

The largest universities in Panama City, FL are Gulf Coast State College (953 degrees awarded in 2023), Tom P. Haney Technical College (235 degrees), and Florida Panhandle Technical College (222 degrees).

In 2024, the median property value in Panama City, FL was $294,300, and the homeownership rate was 68.2%.

Most people in Panama City, FL drove alone to work, and the average commute time was 25.1 minutes. The average car ownership in Panama City, FL was 2 cars per household.

About the photo: Sunset over the Gulf
Photo by Phillip Hendon
United StatesFlorida

Population & Diversity

Panama City, FL is home to a population of 212k people, from which 95.7% are citizens. As of 2024, 7.88% of Panama City, FL residents were born outside of the country (16.7k people).

In 2024, there were 7.13 times more White (Non-Hispanic) residents (155k people) in Panama City, FL than any other race or ethnicity. There were 21.7k Black or African American (Non-Hispanic) and 9.31k Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

95.7%
2024 Citizenship
96.3%
2023 Citizenship

As of 2024, 95.7% 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 96.3%, 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.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Panama City, FL
  1. White (Non-Hispanic)
    155k ± 446
  2. Black or African American (Non-Hispanic)
    21.7k ± 906
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    9.31k ± 911
8.53%
Hispanic Population
18.1k people

In 2024, there were 7.13 times more White (Non-Hispanic) residents (155k people) in Panama City, FL than any other race or ethnicity. There were 21.7k Black or African American (Non-Hispanic) and 9.31k Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

8.53% of the people in Panama City, FL are hispanic (18.1k people).

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

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Global Diversity

The PUMS dataset is not available at the MSA level, so we are showing data for Florida.
Most Common Origin
  1. Cuba
    1,008,771 ± 24,085 people
  2. Haiti
    353,350 ± 14,476 people
  3. Colombia
    307,955 ± 13,528 people

In 2023, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,008,771 Florida residents, followed by Haiti with 353,350 and Colombia with 307,955.

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Foreign-Born Population

7.88%
2024 Foreign-Born Population
16.7k people
7.4%
2023 Foreign-Born Population
15.3k people

As of 2024, 7.88% of Panama City, FL residents (16.7k 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 7.4%, 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.

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Military

Veterans

Most Common Service Period
  1. Gulf War (2001-)
    7,431 ± 803
  2. Vietnam
    5,178 ± 477
  3. Gulf War (1990s)
    4,793 ± 602

Panama City, FL has a large population of military personnel who served in Gulf War (2001-), 1.44 times greater than any other conflict.

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

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Economy

The economy of Panama City, FL employs 99.7k people. In 2024, the largest industries in Panama City, FL were Retail Trade (13,024 people), Accommodation & Food Services (10,565 people), and Health Care & Social Assistance (9,976 people), and the highest paying industries were Management of Companies & Enterprises ($250,001), Public Administration ($63,768), and Professional, Scientific, & Technical Services ($63,672).

Employment

Occupations

99.7k
2024 Value
± 2,830
3.84%
1 Year growth
± 3.91%

From 2023 to 2024, employment in Panama City, FL grew at a rate of 3.84%, from 96k employees to 99.7k employees.

The most common job groups, by number of people living in Panama City, FL, are Sales & Related Occupations (11,988 people), Management Occupations (11,049 people), and Office & Administrative Support Occupations (10,900 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama City, FL.

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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.

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Industries

Employment by Industries

99.7k
2024 Value
± 2,830
3.84%
1 Year growth
± 3.91%

From 2023 to 2024, employment in Panama City, FL grew at a rate of 3.84%, from 96k employees to 99.7k employees.

The most common employment sectors for those who live in Panama City, FL, are Retail Trade (13,024 people), Accommodation & Food Services (10,565 people), and Health Care & Social Assistance (9,976 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.

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Median Earnings by Industry

$49,399
Median earning men ± $1,363
$35,774
Median earning women ± $921

The industries with the best median earnings for men in 2024 are Public Administration ($71,776), Agriculture, Forestry, Fishing & Hunting, & Mining ($67,250), and Educational Services, & Health Care & Social Assistance ($62,764).

The industries with the best median earnings for women in 2024 are Public Administration ($59,712), Finance & Insurance, & Real Estate & Rental & Leasing ($43,475), and Construction ($42,976).

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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.

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Establishments by Size

The industries with the most establishments
  1. 514
    Construction
  2. 380
    Professional, Scientific, and Technical Services
  3. 361
    Retail Trade

The visualization shows the distribution of establishments by industry and by size according to the number of employees.

The visualization shows the number of establishments and its share across establishment sizes.

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Payroll by Industry Sector

The industries with the highest total annual payroll
  1. $534k
    Health Care and Social Assistance
  2. $442k
    Retail Trade
  3. $312k
    Accommodation and Food Services

The chart shows the total annual payroll and the average annual payroll by industry.

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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 26 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Voting results are not available for Panama City, FL. Showing the available data for Florida.
2024 Election Results
  1. Donald J. Trump (56.1%)
    Republican Party
  2. Kamala Harris (43%)
    Democratic Party
  3. 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.

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Senator Elections

US Senators from Florida

Senatorial voting results are only available at the state level. Showing data for Florida.
Rick Scott
Senator from Florida1
Assumed office on January 8, 2019
Inauguration delayed in order to finish his term as Governor of Florida.
Ashley Moody
Senator from Florida2
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.

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Education

In 2023, universities in Panama City, FL awarded 1,410 degrees. The student population of Panama City, FL in 2023 is skewed towards women, with 2,142 male students and 3,482 female students.

Most students graduating from Universities in Panama City, FL are White (1,013 and 72%), Black or African American (148 and 10.5%), Hispanic or Latino (100 and 7.11%), and Two or More Races (68 and 4.84%).

The largest universities in Panama City, FL by number of degrees awarded are Gulf Coast State College (953 and 67.6%), Tom P. Haney Technical College (235 and 16.7%), and Florida Panhandle Technical College (222 and 15.7%).

The most popular majors in Panama City, FL are Liberal Arts & Sciences (381 and 27%), Registered Nursing (149 and 10.6%), and Licensed Practical & Vocational Nurse Training (82 and 5.82%).

The median tuition cost in Panama City, FL 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 2023 there were 5,624 students enrolled in Panama City, FL, 38.1% men and 61.9% women.

By race, the largest number of students enrolled was concentrated in White with 3,851 records, of which 61.2% were women and 38.8% men.

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Completions

Concentrations

Most Common
  1. Liberal Arts & Sciences
    381 degrees awarded
  2. Registered Nursing
    105 degrees awarded
  3. Surgical Technologist
    23 degrees awarded

In 2023, the most common concentation for Associates Degree recipients in Panama City, FL was Liberal Arts & Sciences with 381 degrees awarded.

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

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Universities

Gender
Race
Largest Universities by degrees awarded
  1. Gulf Coast State College
    953 degrees awarded
  2. Tom P. Haney Technical College
    235 degrees awarded
  3. Florida Panhandle Technical College
    222 degrees awarded

In 2023, the institution with the largest number of graduating students was Gulf Coast State College with 953 degrees awarded.

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Student Diversity

In 2023, 593 men were awarded degrees from institutions in Panama City, FL, which is 0.726 times less than the 817 female students who received degrees in the same year.

In 2023, the most common race/ethnicity group awarded degrees at institutions was White students. These 1,013 degrees mean that there were 6.84 times more degrees awarded to White students then the next closest race/ethnicity group, Black or African American, with 148 degrees awarded.

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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.

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Tuition

Average Net Price by Sector

Public, 4-year or above ($1,750) is the sector with the highest median state tuition in 2023.

Public, 4-year or above ($620) is the sector with the highest median state fee in 2023.

Public, 4-year or above ($1,056) is the sector with the highest average net price of books and supplies.

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

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Housing & Living

The median property value in Panama City, FL was $294,300 in 2024, which is 0.885 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $263,500 to $294,300, a 11.7% increase. The homeownership rate in Panama City, FL is 68.2%, which is higher than the national average of 65.2%.

People in Panama City, FL have an average commute time of 25.1 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

$294,300
Median Property Value 2024
±$7,011
$60,085
Median Property Taxes
±$2,052

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 range.

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

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Rent vs Own

68.2%
Homeownership
2024
71.4%
Homeowners with Mortgage
2024

In 2024, 68.2% of the housing units in Panama City, FL were occupied by their owner. This percentage declined from the previous year's rate of 69.5%.

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

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$71,514
Median Household Income
± $1,839
88.1k
Number of Households
± 2,511

In 2024, the median household income of the 88.1k households in Panama City, FL grew to $71,514 from the previous year's value of $67,834.

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.

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Wage Distribution

The closest comparable wage GINI for Panama City, FL is from Florida.
0.473
2023 Wage GINI in Florida
0.474
2022 Wage GINI in Florida

In 2023, the income inequality in Florida was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.136% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.476. 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.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (75.8%)
  2. Carpooled (11.2%)
  3. Worked At Home (9.81%)

In 2024, 75.8% of workers in Panama City, FL drove alone to work, followed by those who carpooled to work (11.2%) and those who worked at home (9.81%).

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.

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Commute Time

25.1 minutes
Average Travel Time

Using averages, employees in Panama City, FL have a shorter commute time (25.1 minutes) than the normal US worker (26.4 minutes). Additionally, 2.28% 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.

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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.

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Poverty

Poverty & Diversity

12.5% of the population for whom poverty status is determined in Panama City, FL (25.8k out of 206k 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 35 - 44, followed by Females 25 - 34 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.

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Health

85.6% of the population of Panama City, FL has health coverage, with 33.6% on employee plans, 14.4% on Medicaid, 11.6% on Medicare, 20.5% on non-group plans, and 5.52% 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, 48.9% were men and 51.1% were women.

Coverage

Patient to Clinician Ratios

Data is only available at the state level. Showing data for Florida.
1,370 to 1
Patient to Primary Care Physician Ratio in Florida

Primary care physicians in Florida see an average of 1,370 patients per year. This represents a 0% change from the previous year (1,370 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Florida in comparison to its neighboring geographies.

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Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 22.5% under 18 years, 19.4% between 18 and 34 years, 39.6% between 35 and 64 years, and 18.5% over 64 years.

By gender, of the total number of insured persons, 48.9% were men and 51.1% were women.

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

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Uninsured People

14.4%
Uninsured
33.6%
Employer Coverage
14.4%
Medicaid
11.6%
Medicare
20.5%
Non-Group
5.52%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Panama City, FL grew by 3.5% from 13.9% to 14.4%.

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.

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