Panama City, FL

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Population

196,135

0.99% growth

Median Age

40


Median Household Income

$49,863

3.97% growth

Poverty Rate

15.3%


Number of Employees

86,230

1.23% growth

Median Property Value

$165,200

2.93% growth

About

In 2017, Panama City, FL had a population of 196k people with a median age of 40 and a median household income of $49,863. Between 2016 and 2017 the population of Panama City, FL grew from 194,212 to 196,135, a 0.99% increase and its median household income grew from $47,958 to $49,863, a 3.97% increase.

The population of Panama City, FL is 77.1% White Alone, 11.2% Black or African American Alone, and 5.91% Hispanic or Latino. 5.88% of the people in Panama City, FL speak a non-English language, and 97.4% are U.S. citizens.

The largest universities in Panama City, FL are Gulf Coast State College (1,405 degrees awarded in 2016) and Tom P Haney Technical Center (183 degrees).

The median property value in Panama City, FL is $165,200, and the homeownership rate is 63.3%. Most people in Panama City, FL commute by Drove Alone, and the average commute time is 22 minutes. The average car ownership in Panama City, FL is 2 cars per household.

About the photo: Sunset over the Gulf

Economy

The economy of Panama City, FL employs 86.2k people. The largest industries in Panama City, FL are Retail Trade (12,376 people), Health Care & Social Assistance (10,979 people), and Accommodation & Food Services (10,788 people), and the highest paying industries are Wholesale Trade ($50,833), Utilities ($46,648), and Professional, Scientific, & Technical Services ($46,537).

Median household income in Panama City, FL is $49,863. Males in Panama City, FL have an average income that is 1.34 times higher than the average income of females, which is $44,078. The income inequality in Panama City, FL (measured using the Gini index) is 0.473, which is lower than than the national average.

Wages

Median Household Income

$49,863

2017 value

± $1,599

3.97%

1 Year Growth

± 4.02%

Households in Panama City, FL have a median annual income of $49,863, which is less than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $47,958 in 2016, which represents a 3.97% annual growth.

Look at the chart to see how the median household income in Panama City, FL compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

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

$58,931

Average Male Salary

± $842

$44,078

Average Female Salary

± $574

In 2017, full-time male employees in Panama City, FL made 1.34 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in Panama City, FL by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

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

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $54,227 ± $3,227

  2. Alaska Native

    $50,175 ± $47,169

  3. White

    $47,927 ± $556

In 2017 the highest paid race/ethnicity of Panama City, FL workers was Asian. These workers were paid 1.08 times more than Alaska Native workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in Panama City, FL by number of full-time employees.

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Wage Distribution

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

0.473

2017 Wage GINI

0.471

2016 Wage GINI

In 2017, the income inequality in Florida was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.259% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for Florida was lower than than the national average of 0.479. 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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Income by Location

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Highest Median Household Income (Total)

In 2017, the county with the highest Median Household Income (Total) in Panama City, FL was St. Johns County, FL with a value of $73,836, followed by Nassau County, FL and Santa Rosa County, FL, with respective values of $71,489 and $66,059.

The following map shows all of the counties in Panama City, FL colored by their Median Household Income (Total).

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Poverty by Age and Gender

Females 25 - 34

Largest Demographic Living in Poverty

15.3% of the population for whom poverty status is determined in Panama City, FL (29.3k out of 191k people) live below the poverty line, a number that is higher than the national average of 13.4%. The largest demographic living in poverty are Females 25 - 34, followed by Males 18 - 24 and then Females 55 - 64.

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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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    20,977 ± 1,139

  2. Black

    5,686 ± 571

  3. Hispanic

    2,003 ± 356

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

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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Occupations

Employment by Occupations

86.2k

2017 Value

± 2,253

1.23%

1 Year growth

± 3.61%

From 2016 to 2017, employment in Panama City, FL grew at a rate of 1.23%, from 85.2k employees to 86.2k employees.

The most common job groups, by number of people living in Panama City, FL, are Sales & Related Occupations (10,774 people), Office & Administrative Support Occupations (10,659 people), and Management Occupations (7,823 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama City, FL.

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Most Common

The most common jobs held by residents of Panama City, FL, by number of employees, are Sales & Related Occupations (10,774 people), Office & Administrative Support Occupations (10,659 people), and Management Occupations (7,823 people).

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Most Specialized

Compared to other msas, Panama City, FL has an unusually high number of residents working as Law Enforcement Workers Including Supervisors (1.79 times higher than expected), Food Preparation & Serving Related Occupations (1.52 times), and Building & Grounds Cleaning & Maintenance Occupations (1.48 times).

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Highest Paid

The highest paid jobs held by residents of Panama City, FL, by median earnings, are Architecture & Engineering Occupations ($68,636), Computer, Engineering, & Science Occupations ($62,616), and Computer & Mathematical Occupations ($59,420).

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Industries

Employment by Industries

86.2k

2017 Value

± 2,253

1.23%

1 Year growth

± 3.61%

From 2016 to 2017, employment in Panama City, FL grew at a rate of 1.23%, from 85.2k employees to 86.2k employees.

The most common employment sectors for those who live in Panama City, FL, are Retail Trade (12,376 people), Health Care & Social Assistance (10,979 people), and Accommodation & Food Services (10,788 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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Most Common

The most common industries in Panama City, FL, by number of employees, are Retail Trade (12,376 people), Health Care & Social Assistance (10,979 people), and Accommodation & Food Services (10,788 people).

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Most Specialized

Compared to other msas, Panama City, FL has an unusually high number of Real Estate & Rental & Leasing (1.74 times higher than expected), Accommodation & Food Services (1.64 times), and Public Administration (1.62 times) industries.

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Highest Paying

The highest paying industries in Panama City, FL, by median earnings, are Wholesale Trade ($50,833), Utilities ($46,648), and Professional, Scientific, & Technical Services ($46,537).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Florida to other states, or from other states to Florida.

Top Domestic Production in Dollars

  1. $57.1B

  2. $44.9B

  3. $41.8B

In 2015, the top outbound Florida product (by dollars) was Mixed freight with $57.1B, followed by Pharmaceuticals with $44.9B and Gasoline and $41.8B.

The following chart shows the share of these products in relation to all outbound Florida products.

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Domestic Trade Growth

Showing data for Florida state.

$457B

2015 Value

$714B

Projected 2045 Value

56.2% growth

In 2015, total outbound Florida trade was $457B. This is expected to increase 56.2% to $714B by 2045.

The following chart shows how the domestic outbound Florida trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Florida to other states, or from other states to Florida.

Most Common Trade Partners

  1. $17.7B

  2. $15.1B

  3. $10.7B

In 2015, the top outbound Florida domestic partner for goods and services (by dollars) was Georgia with $17.7B, followed by Texas with $15.1B and California and $10.7B.

The following map shows the amount of trade that Florida shares with each state (excluding itself).

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Health

85.1% of the population of Panama City, FL has health coverage, with 32.5% on employee plans, 16.1% on Medicaid, 10.3% on Medicare, 18.9% on non-group plans, and 7.16% on military or VA plans.

Per capita personal health care spending in the msa of Panama City, FL was $8,076 in 2014. This is a 5.05% increase from the previous year ($7,688).

Primary care physicians in Panama City, FL see 1376 patients per year on average, which represents a 0.218% decrease from the previous year (1379 patients). Compare this to dentists who see 1735 patients per year, and mental health providers who see 703 patients per year.

Comparing across all counties in the state, Gadsden County has the highest prevalence of diabetes (16.9%). Additionally, Liberty County has the highest prevalence of adult obesity (39.6%)

Patient to Clinician Ratios

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

1,376 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in Florida see an average of 1,376 patients per year. This represents a 0.218% decrease from the previous year (1,379 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 neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

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

$8,076

Total Per Capita Spending on Personal Health Care 

$4,606

Per Enrollee Private Health Insurance Spending on Personal Health Care

$5,175

Per Enrollee Medicaid Spending on Personal Health Care

$12,229

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in Florida (including private, Medicare, and Medicaid) grew 5.05%, from $7,688 to $8,076.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

14.9%

Uninsured

32.5%

Employer Coverage

16.1%

Medicaid

10.3%

Medicare

18.9%

Non-Group

7.16%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Panama City, FL declined by 7.03% from 16% to 14.9%.

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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Health Risks

Data available at the county level.

Most at risk counties

  1. 16.9% prevalence

  2. 15.8% prevalence

  3. 15.5% prevalence

Gadsden County has the highest prevalence of diabetes in Florida, at 16.9%.

The following map shows the prevalence of diabetes in Florida by county over multiple years.

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Diversity

Panama City, FL is home to a population of 196k people, from which 97.4% are citizens. As of 2017, 5.46% of Panama City, FL residents were born outside of the country.

The ethnic composition of the population of Panama City, FL is composed of 151k White Alone residents (77.1%), 22.1k Black or African American Alone residents (11.2%), 11.6k Hispanic or Latino residents (5.91%), 5.4k Two or More Races residents (2.75%), 4.23k Asian Alone residents (2.16%), 1.37k American Indian & Alaska Native Alone residents (0.7%), 283 Some Other Race Alone residents (0.144%), and 73 Native Hawaiian & Other Pacific Islander Alone residents (0.0372%).

The most common foreign languages spoken in Panama City, FL are Spanish or Spanish Creole (5,208 speakers), Vietnamese (1,019 speakers), and Tagalog (504 speakers).

Age

Age by Nativity

40

Median Native-Born Age

± 0.4

44

Median Foreign-Born Age

± 1.4

In 2017, the median age of all people in Panama City, FL was 40. Native-born citizens, with a median age of 40, were generally younger than than foreign-born citizens, with a median age of 44. But people in Panama City, FL are getting getting younger. In 2016, the average age of all Panama City, FL residents was 40.

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Heritage

Foreign-Born Population

5.46%

2017 Foreign-Born Population

5.19%

2016 Foreign-Born Population

As of 2017, 5.46% of Panama City, FL residents were born outside of the United States, which is lower than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Panama City, FL was 5.19%, 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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Global Diversity

Most Common Origin

  1. Cuba

    951,787 ± 23,383 people

  2. Haiti

    321,904 ± 13,819 people

  3. Mexico

    272,262 ± 12,724 people

In 2017, the most common birthplace for the foreign-born residents of Panama City, FL was Cuba, the natal country of 951,787 Panama City, FL residents, followed by Haiti with 321,904 and Mexico with 272,262.

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Citizenship

97.4%

2017 Citizenship

97.5%

2016 Citizenship

As of 2017, 97.4% of Panama City, FL residents were US citizens, which is higher than the national average of 93.1%. In 2016, the percentage of US citizens in Panama City, FL was 97.5%, 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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Race and Ethnicity

Most Common

  1. White Alone

    151k ± 142

  2. Black or African American Alone

    22.1k ± 582

  3. Hispanic or Latino

    11.6k ± 833

In 2017, there were 6.85 times more White Alone residents (151k people) in Panama City, FL than any other race or ethnicity. There were 22.1k Black or African American Alone and 11.6k Hispanic or Latino residents, the second and third most common racial or ethnic groups.

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

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Non-English Speakers

Most Common Languages

  1. Spanish or Spanish Creole

    5,208 speakers (2.9%)

  2. Vietnamese

    1,019 speakers (0.567%)

  3. Tagalog

    504 speakers (0.281%)

5.88% of Panama City, FL citizens are speakers of a non-English language, which is lower than the national average of 21.5%. In 2015, the most common non-English language spoken in Panama City, FL was Spanish or Spanish Creole. 2.9% of the overall population of Panama City, FL are native Spanish or Spanish Creole speakers. 0.567% speak Vietnamese and 0.281% speak Spanish or Spanish Creole, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    7,262 ± 461

  2. Gulf War (2001-)

    5,883 ± 748

  3. Gulf War (1990s)

    4,070 ± 477

Panama City, FL has a large population of military personnel who served in Vietnam, 1.23 times greater than any other conflict.

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Education

In 2016, universities in Panama City, FL awarded 1,588 degrees. The student population of Panama City, FL is skewed towards women, with 2,381 male students and 3,515 female students.

Most students graduating from Universities in Panama City, FL are White (1,176 and 74.6%), followed by Black or African American (152 and 9.64%), Hispanic or Latino (83 and 5.26%), and Unknown (58 and 3.68%).

The largest universities in Panama City, FL by number of degrees awarded are Gulf Coast State College (1,405 and 88.5%) and Tom P Haney Technical Center (183 and 11.5%).

The most popular majors in Panama City, FL are Liberal Arts & Sciences (603 and 38%), Registered Nursing (122 and 7.68%), and Emergency Medical Technician (EMT Paramedic) (79 and 4.97%).

The median tuition costs in Panama City, FL are $N/A for private four year colleges, and $1,750 and $7,064 respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. 112 degrees awarded

  2. 18 degrees awarded

  3. 603 degrees awarded

In 2015, the most common concentation for Associates Degree recipients in Panama City, FL was Registered Nursing with 112 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

Largest Universities by degrees awarded

  1. 1,405 degrees awarded

  2. 183 degrees awarded

$1,750

Median In-State Public

$N/A

Median Private

In 2016, the Panama City, FL institution with the largest number of graduating students was Gulf Coast State College with 1,405 degrees awarded.

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Student Gender for Common Institutions

664

Degrees Awarded to Men

924

Degrees Awarded to Women

In 2016, 664 men were awarded degrees from institutions in Panama City, FL, which is 0.719 times less than the 924 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Panama City, FL by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    1,176 degrees awarded

  2. Black or African American

    152 degrees awarded

  3. Hispanic or Latino

    83 degrees awarded

In 2016 the majority of degrees awarded at institutions in Panama City, FL were to White students. These 1,176 degrees mean that there were 7.74 times more White students then the next closest race/ethnicity group, Black or African American, with 152 degrees awarded.

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Housing & Living

The median property value in Panama City, FL was $165,200 in 2017, which is 0.759 times smaller than the national average of $217,600. Between 2016 and 2017 the median property value increased from $160,500 to $165,200, a 2.93% increase. The homeownership rate in Panama City, FL is 63.3%, which is lower than the national average of 63.9%. People in Panama City, FL have an average commute time of 22 minutes, and they commute by Drove Alone. Car ownership in Panama City, FL is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

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

$49,863

Median Household Income

± $1,599

74k

Number of Households

± 1,803

In 2017, the median household income of the 74k households in Panama City, FL grew to $49,863 from the previous year's value of $47,958.

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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Housing

Property Value

$165,200

2017 Median

± $3,071

$160,500

2016 Median

± $3,269

In 2017, the median property value in Panama City, FL grew to to $165,200 from the previous year's value of $160,500.

The following charts display, first, the property values in Panama City, FL compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Panama City, FL the largest share of households have a property value in the $200k - $250k range.

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Property Taxes

< $800

Average Range

This chart shows the households in Panama City, FL 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.

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Rent vs Own

63.3%

2017 Homeownership

62.7%

2016 Homeownership

In 2017, 63.3% of the housing units in Panama City, FL were occupied by their owner. This percentage grew from the previous year's rate of 62.7%.

This percentage of owner-occupation is lower than the national average of 63.9%. This chart shows the ownership percentage in Panama City, FL compared it's parent and neighboring geographies.

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Transportation

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, followed by 1 car.

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Commute Time

22 minutes

Average Travel Time

Using averages, employees in Panama City, FL have a shorter commute time (22 minutes) than the normal US worker (25.1 minutes). Additionally, 1.73% 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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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    81%

  2. Carpooled

    11%

  3. Worked At Home

    3.47%

In 2017, the most common method of travel for workers in Panama City, FL was Drove Alone, followed by those who Carpooled and those who Worked At Home.

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