Panama City, FL Demographics

Population - Employment - Households - Income / Financial - Housing - Education - Marital Status - Means of Transport to Work - Median Income by Zipcode

What is the population of Panama City?

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There are 34,521 residents in Panama City, with a median age of 39.2. Of this, 47.16% are males and 52.84% are females. US-born citizens make up 89.73% of the resident pool in Panama City, while non-US-born citizens account for 4.79%. Additionally, 5.47% of the population is represented by non-citizens.
A total of 25,805 people in Panama City currently live in the same house as they did last year.
Y-o-Y Change
Total Population 34,521 -4.0%
Male Population 16,279 -0.8%
Female Population 18,242 -6.7%
Male population 47.16%
Female population 52.84%
Y-o-Y Change
Median Age 39.2 -1.5%
Citizen US Born 30,976 -5.1%
Citizen not US Born 1,655 3.2%
Not Citizen 1,890 11.5%
Citizen US Born 89.73%
Citizen not US Born 4.79%
Not Citizen 5.47%
Y-o-Y Change
Moved from Abroad 152 -22.4%
Moved from Same County 5,055 -10.7%
Moved from Same State 1,841 39.4%
Moved from Different State 1,232 24.1%
Same House as Last Year 25,805 -5.8%
Moved from Abroad 0.45%
Moved from Same County 14.83%
Moved from Same State 5.4%
Moved from Different State 3.61%
Same House as Last Year 75.71%

What are the employment statistics in Panama City?

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White-collar workers make up 78.67% of the working population in Panama City, while blue-collar employees account for 21.33%. There are also 1,837 entrepreneurs in Panama City (12.09% of the workforce); 10,305 workers employed in private companies (67.8%); and 2,433 people working in governmental institutions (16.01%).
Y-o-Y Change
White Collar 11,958 -7.2%
Blue Collar 3,242 -7.5%
White Collar 78.67%
Blue Collar 21.33%
Y-o-Y Change
Self Employees 1,837 7.4%
Private Companies 10,305 -8.7%
Governmental Workers 2,433 -8.4%
Not for Profit Companies 625 -15.1%
Self Employees 12.09%
Private Companies 67.8%
Governmental Workers 16.01%
Not for Profit Companies 4.11%

How many households are there in Panama City?

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There are a total of 14,667 households in Panama City, each made up of around 2 members. Family establishments represent 56.99% of these Panama City households, while non-family units account for the remaining 43.01%. Additionally, 27.6% of households have children and 72.4% of households are without children.
Y-o-Y Change
Total Households 14,667 -6.8%
Average People Per Household 2 3.1%
Family Households 8,359 -5.6%
Non-family Households 6,308 -8.3%
Family Households 56.99%
Non-family Households 43.01%
Y-o-Y Change
Households with Children 4,048 -5.1%
Households without Children 10,619 -7.4%
Households with Children 27.6%
Households without Children 72.4%

What are the median and average incomes in Panama City?

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The average annual household income in Panama City is $70,585, while the median household income sits at $51,569 per year. Residents aged 25 to 44 earn $63,813, while those between 45 and 64 years old have a median wage of $52,037. In contrast, people younger than 25 and those older than 65 earn less, at $33,962 and $42,190, respectively.
Y-o-Y Change
Average Household Income $70,585 6.9%
Median Household Income $51,569 7.0%
People below Poverty Level 5,970 -2.7%
People above Poverty Level 27,640 -4.3%

How many homeowners and renters are there in Panama City?

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There are 16,280 housing units in Panama City, and the median year in which these properties were built is 1976. Of the 14,667 occupied housing units in Panama City, 54.61% are owner-occupied, while 45.39% have renters living in them.
Meanwhile, properties bought with mortgages account for 56.3% of the units, and the median value of a home with a mortgage is $205,000. In general, housing costs reach $1,029 per month in Panama City.
Y-o-Y Change
Housing Units 16,280 -8.5%
Median Year Built 1976 0.1%
Built in 1939 or Earlier 1,086 -3.1%
Built between 1940 and 1949 1,890 -12.6%
Built between 1950 and 1959 2,186 -13.7%
Built between 1960 and 1969 1,587 -5.7%
Built between 1970 and 1979 2,454 -9.2%
Built between 1980 and 1989 2,402 -18.6%
Built between 1990 and 1999 2,140 -4.9%
Built between 2000 and 2009 1,658 -1.1%
Built between 2010 and 2019 868 N/A
Built in 2020 or Later 9 N/A
Y-o-Y Change
Occupied Housing Units 14,667 -6.8%
Owner Occupied 8,010 -3.1%
Renter Occupied 6,657 -10.8%
Owner Occupied 54.61%
Renter Occupied 45.39%
Y-o-Y Change
With Mortgage 4,510 -3.8%
Without Mortgage 3,500 -2.2%
Median Value with Mortgage $205,000 12.3%
Median Value without Mortgage $157,900 2.1%
Median Housing Costs per Month $1,029 8.2%
With Mortgage 56.3%
Without Mortgage 43.7%

What is the level of education in Panama City?

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Approximately 35.91% of the population in Panama City holds a high school degree (that's 9,629 residents), while 23.56% have attained a college certificate (8,360 locals) and 16% have a bachelor's degree (4,290 people).
Y-o-Y Change
No High School 1,319 56.3%
Some High School 9,629 -8.8%
Some College 8,360 -7.5%
Associate Degree 2,882 -8.9%
Bachelor's Degree 4,290 -3.7%
Graduate Degree 2,378 9.0%
No High School 4.92%
Some High School 35.91%
Some College 23.56%
Associate Degree 10.75%
Bachelor's Degree 16%
Graduate Degree 8.87%

What is the marital status of Panama City residents?

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A total of 9,028 people in Panama City have never been married (which represents 32.39% of the total population), while 11,899 of them are wedded (42.69%). Separated and divorced residents are in smaller numbers, at 650 (2.33%) and 4,429 (15.89%), respectively.
Y-o-Y Change
Never Married 9,028 -1.7%
Married 11,899 -4.0%
Separated 650 -9.7%
Widowed 2,520 -10.1%
Divorced 4,429 -9.7%
Never Married 32.39%
Married 42.69%
Separated 2.33%
Widowed 9.04%
Divorced 15.89%

What are the most common means of transportation in Panama City?

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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 13,987 residents commute by car, 181 prefer going to work by walking and 93 by bus or trolley bus.
Y-o-Y Change
Car 13,987 -7.4%
Bus or TrolleyBus 93 -38.0%
Bicycle 29 -34.1%
Motorcycle 32 -45.8%
TaxiCab 11 -15.4%
Walk 181 -7.7%

What is the median and average household income in Panama City by zipcode?

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ZipCode Population Number of Households Median Income Average Income
32401 19,208 8,804 $41,484.00 $57,580.00
32404 39,832 14,273 $58,853.00 $73,106.00
32405 29,999 12,216 $61,947.00 $78,259.00
32444 21,148 7,600 $76,712.00 $88,997.00

Methodology & Disclaimers


Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2021 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.

Zip codes included in this demographic data: 32401 32404 32405 32444

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