Panama City, FL Demographics
What is the population of Panama City?
There are 34,254 residents in Panama City, with a median age of 38.5. Of this, 47.41% are males and 52.59% are females. US-born citizens make up 90.41% of the resident pool in Panama City, while non-US-born citizens account for 4.97%. Additionally, 4.62% of the population is represented by non-citizens.
A total of 25,545 people in Panama City currently live in the same house as they did last year.
| Y-o-Y Change | ||
| Total Population | 34,254 | -0.8% |
| Male Population | 16,240 | -0.2% |
| Female Population | 18,014 | -1.2% |
Male Population 47.41%
Female Population 52.59%
| Y-o-Y Change | ||
| Median Age | 38.5 | -1.8% |
| Citizen U.S. Born | 30,969 | -0.0% |
| Citizen not U.S. Born | 1,703 | 2.9% |
| Not Citizen | 1,582 | -16.3% |
Citizen U.S. Born 90.41%
Citizen not U.S. Born 4.97%
Not Citizen 4.62%
| Y-o-Y Change | ||
| Moved from Abroad | 135 | -11.2% |
| Moved from Same County | 4,716 | -6.7% |
| Moved from Same State | 2,259 | 22.7% |
| Moved from Different State | 1,177 | -4.5% |
| Same House as Last Year | 25,545 | -1.0% |
Moved from Abroad 0.4%
Moved from Same County 13.94%
Moved from Same State 6.68%
Moved from Different State 3.48%
Same House as Last Year 75.51%
What are the employment statistics in Panama City?
White-collar workers make up 79.08% of the working population in Panama City, while blue-collar employees account for 20.92%. There are also 1,925 entrepreneurs in Panama City (12.35% of the workforce); 10,217 workers employed in private companies (65.55%); and 2,674 people working in governmental institutions (17.16%).
| Y-o-Y Change | ||
| White Collar | 12,325 | 3.1% |
| Blue Collar | 3,261 | 0.6% |
White Collar 79.08%
Blue Collar 20.92%
| Y-o-Y Change | ||
| Self Employees | 1,925 | 4.8% |
| Private Companies | 10,217 | -0.8% |
| Governmental Workers | 2,674 | 9.9% |
| Not for Profit Companies | 770 | 23.2% |
Self Employees 12.35%
Private Companies 65.55%
Governmental Workers 17.16%
Not for Profit Companies 4.94%
How many households are there in Panama City?
There are a total of 14,550 households in Panama City, each made up of around 2 members. Family establishments represent 57.6% of these Panama City households, while non-family units account for the remaining 42.4%. Additionally, 28.02% of households have children and 71.98% of households are without children.
| Y-o-Y Change | ||
| Total households | 14,550 | -0.8% |
| Average People per Household | 2 | N/A |
| Family Households | 8,381 | 0.3% |
| Non-Family Households | 6,169 | -2.2% |
Family Households 57.6%
Non-Family Households 42.4%
| Y-o-Y Change | ||
| Households with Children | 4,077 | 0.7% |
| Households without Children | 10,473 | -1.4% |
Households with Children 28.02%
Households without Children 71.98%
What are the median and average incomes in Panama City?
The average annual household income in Panama City is $77,946, while the median household income sits at $57,221 per year. Residents aged 25 to 44 earn $69,180, while those between 45 and 64 years old have a median wage of $56,299. In contrast, people younger than 25 and those older than 65 earn less, at $39,688 and $45,202, respectively.
| Y-o-Y Change | ||
| Average Household Income | $77,946 | 10.4% |
| Median Household Income | $57,221 | 11.0% |
| People below Poverty Level | 3 | N/A |
| People above Poverty Level | 26,913 | -2.6% |
How many homeowners and renters are there in Panama City?
There are 16,117 housing units in Panama City, and the median year in which these properties were built is 1977. Of the 14,550 occupied housing units in Panama City, 55.3% are owner-occupied, while 44.7% have renters living in them.
Meanwhile, properties bought with mortgages account for 59.35% of the units, and the median value of a home with a mortgage is $237,200. In general, housing costs reach $1,169 per month in Panama City.
| Y-o-Y Change | ||
| Housing Units | 16,117 | -1.0% |
| Median Year Built | 1977 | 0.1% |
| Built in 1939 or Earlier | 967 | -11.0% |
| Built between 1940 and 1949 | 1,879 | -0.6% |
| Built between 1950 and 1959 | 2,020 | -7.6% |
| Built between 1960 and 1969 | 1,418 | -10.7% |
| Built between 1970 and 1979 | 2,433 | -0.9% |
| Built between 1980 and 1989 | 2,546 | 6.0% |
| Built between 1990 and 1999 | 2,014 | -5.9% |
| Built between 2000 and 2009 | 1,742 | 5.1% |
| Built between 2010 and 2019 | 1,035 | 19.2% |
| Built in 2020 or Later | 63 | 600.0% |
| Y-o-Y Change | ||
| Occupied Housing Units | 14,550 | -0.8% |
| Owner Occupied | 8,046 | 0.5% |
| Renter Occupied | $6,504 | -2.3% |
Owner Occupied 55.3%
Renter Occupied 44.7%
| Y-o-Y Change | ||
| With Mortgage | 4,775 | 5.9% |
| Without Mortgage | 3,271 | -6.5% |
| Median Value with Mortgage | $237,200 | 15.7% |
| Median Value without Mortgage | $178,700 | 13.2% |
| Median Housing Costs per Month | $1,169 | 13.6% |
With Mortgage 59.35%
Without Mortgage 40.65%
What is the level of education in Panama City?
Approximately 35.39% of the population in Panama City holds a high school degree (that's 9,308 residents), while 24.48% have attained a college certificate (8,462 locals) and 15.26% have a bachelor's degree (4,015 people).
| Y-o-Y Change | ||
| No High School | 1,260 | -4.5% |
| Some High School | 9,308 | -3.3% |
| Some College | 8,462 | 1.2% |
| Associate Degree | 3,055 | 6.0% |
| Bachelor's Degree | 4,015 | -6.4% |
| Graduate Degree | 2,227 | -6.3% |
No High School 4.79%
Some High School 35.39%
Some College 24.48%
Associate Degree 11.61%
Bachelor's Degree 15.26%
Graduate Degree 8.47%
What is the marital status of Panama City residents?
A total of 8,987 people in Panama City have never been married (which represents 32.76% of the total population), while 11,838 of them are wedded (43.15%). Separated and divorced residents are in smaller numbers, at 588 (2.14%) and 4,262 (15.54%), respectively.
| Y-o-Y Change | ||
| Never Married | 8,987 | -0.5% |
| Married | 11,838 | -0.5% |
| Separated | 588 | -9.5% |
| Widowed | 2,346 | -6.9% |
| Divorced | 4,262 | 4,262.0% |
Never Married 32.76%
Married 43.15%
Separated 2.14%
Widowed 8.55%
Divorced 15.54%
What are the most common means of transportation in Panama City?
The top three means of transportation people in Panama City use to get to work are: car, walking and bus or trolley bus. A total of 14,065 residents commute by car, 244 prefer going to work by walking and 91 by bus or trolley bus
| Y-o-Y Change | ||
| Car | 14,065 | 0.6% |
| Bus or TrolleyBus | 91 | -2.1% |
| Bicycle | 41 | 41.4% |
| Motorcycle | 19 | -40.6% |
| TaxiCab | 7 | -36.4% |
| Walk | 244 | 34.8% |
What is the median and average household income in Panama City by zipcode?
Methodology & Disclaimers
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.