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 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.
Panama City, FL borders Crestview-Fort Walton Beach-Destin, FL.