Panama City, FL demographics:
population, income, and more

Total population
34,979
2.2% year-over-year change
Median household income
$62,265/yr
1.9% year-over-year change
Housing units
17,104
2.8% year-over-year change

Panama City population

How many people live in Panama City

Panama City is home to 34,979 residents, according to the most recent Census data. Gender-wise, 47.3% of Panama City locals are male, and 52.7% are female.

Total population
34,979
2.2% year-over-year change
Gender ratio
Male
47.3%
16,551
Female
52.7%
18,428
Value Percent YoY change
Male 16,551 47.3% 0.8%
Female 18,428 52.7% 3.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Panama City is 40, with the population distributed as follows: about 18.2% are children under 15, then 11.1% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.1% of the population, while another 24.8% fall into the 45 to 64 bracket. Finally, around 17.8% are 65 or older.

Median age
39.5
Age breakdown
Under 15
18.2%
15 to 24
11.1%
25 to 44
28.1%
45 to 64
24.8%
Over 65
17.8%
Value Percent YoY change
Under 15 6,362 18.2% -1.6%
15 to 24 3,887 11.1% 2.2%
25 to 44 9,837 28.1% 1.8%
45 to 64 8,673 24.8% 2.7%
Over 65 6,220 17.8% 6.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Panama City, 87.8% of the population are US-born citizens, while 6.1% have gained naturalized citizenship. At the same time, 6.1% of residents are non-citizens. As for race, 63.6% of locals are Caucasian, 20.1% are African American and 1.7% have Asian roots. Another 1.1% are Indigenous American, 0.2% are Pacific Islanders, while 3.7% identify as another race. There’s also a share of 9.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
87.8%
Non-U.S.-born citizens
6.1%
Non-citizens
6.1%
Value Percent YoY change
U.S.-born citizens 30,713 87.8% 1.3%
Non-U.S.-born citizens 2,142 6.1% 0.3%
Non-citizens 2,124 6.1% 20.4%
Racial breakdown
White
63.6%
Black or African American
20.1%
American Indian and Alaska Native
1.1%
Asian
1.7%
Native Hawaiian and other Pacific Islander
0.2%
Two or more races
9.6%
Other
3.7%
Value Percent
White 22,252 63.6%
Black or African American 7,030 20.1%
American Indian and Alaska Native 383 1.1%
Asian 587 1.7%
Native Hawaiian and other Pacific Islander 61 0.2%
Two or more races 3,369 9.6%
Other 1,297 3.7%

Households in Panama City

A peek inside Panama City households

Panama City has 15,169 households, with an average of 2 members in each. Of these, 57.2% are families, while the remaining 42.8% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
15,169
2.4% year-over-year change
Average people per household
2
Non-family households
6,488
Family households
8,681
Value Percent YoY change
Non-family households 6,488 42.8% 4.8%
Family households 8,681 57.2% 0.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Panama City

The housing landscape of Panama City

Panama City's housing consists of 17,104 units, with 63.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 5.1% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 1.9% of the housing landscape.

Housing units
17,104
2.8% year-over-year change
Housing types
Value Percent
1 unit, detached 10,842 63.4%
1 unit, attached 879 5.1%
2 units 709 4.2%
3 or 4 units 818 4.8%
5 to 9 units 1,176 6.9%
10 to 19 units 779 4.6%
20 to 49 units 891 5.2%
50 or more units 673 3.9%
Mobile home 329 1.9%
Boat, RV, van, etc. 8 0%
Homes built since 2020
602
50.1% year-over-year change

The age of buildings in Panama City

In Panama City, the median construction year is 1976. About 6.1% of homes were built before the 1940s, with another 13% going up by 1949. Most development happened in the second half of the 20th century. Then, 11.8% of homes were added from 2000 to 2009, 5.6% between 2010 and 2019, and 3.5% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,044 6.1% 0.8%
Built between 1940 and 1949 2,216 13% 7.5%
Built between 1950 and 1959 2,166 12.7% 7.7%
Built between 1960 and 1969 1,441 8.4% -8.2%
Built between 1970 and 1979 2,598 15.2% 7.0%
Built between 1980 and 1989 2,491 14.6% -2.5%
Built between 1990 and 1999 1,561 9.1% -14.8%
Built between 2000 and 2009 2,022 11.8% 16.4%
Built between 2010 and 2019 963 5.6% -4.8%
Built in 2020 or later 602 3.5% 50.1%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Panama City occupancy rates

Out of the 15,169 occupied housing units in Panama City, 56.3% are owner-occupied, while 43.7% are lived in by tenants. Meanwhile, 11.3% of all homes on the local market sit vacant.

Occupied housing units
15,169
2.4% year-over-year change
Occupancy breakdown
Renter occupied
6,634
Owner occupied
8,535
Value Percent YoY
change
Renter occupied 6,634 43.7% -0.2%
Owner occupied 8,535 56.3% 4.6%
Unoccupied housing units
11.3%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Panama City housing costs

Housing costs in Panama City come to a median of $1,301 per month, while tenants specifically pay a median gross rent of $1,327.

Median housing costs per month
$1,301/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Panama City
$1,327/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Panama City

Panama City education at a glance

About 33.8% of the population in Panama City went to high school, while 25.2% pursued college studies. Another 12% earned an associate degree and 15.4% hold a bachelor’s. Meanwhile, 9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1,277 4.7% 0.5%
High school diploma 9,256 33.8% -1.4%
College diploma 6,895 25.2% 3.1%
Associate degree 3,274 12% 12.9%
Bachelor's degree 4,202 15.4% -0.6%
Graduate degree 2,474 9% 18.1%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Panama City

How much people earn in Panama City

The average annual household income in Panama City was $89,311 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +6.1% change from the previous year. At the same time, the median income stood at $62,265, reflecting a +1.9% shift over the same period.

Average household income in Panama City
$89,311/year
6.1% year-over-year change
Median household income in Panama City
$62,265/year
1.9% year-over-year change

Panama City income by age

In Panama City, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $65,523. Those with someone between 45 and 64 in charge, often well established professionally, earn $65,976 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $67,727, while those led by someone over 65, many of whom may be retired, have about $50,938 in earnings. Overall, 82.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $67,727 -0.1%
25 - 44 $65,523 -3.5%
45 - 64 $65,976 6.0%
Over 65 $50,938 4.3%
Above poverty level
27,886
Below poverty level
5,951
Value Percent YoY
change
Above poverty level 27,886 82.4% 2.1%
Below poverty level 5,951 17.6% 4.1%

Employment in Panama City

Workforce and job types in Panama City

The job market in Panama City is powered by 16,728 working residents, spread across a range of industries and roles. 79.8% of the working population are employed in professional or administrative positions, while 20.2% are in hands-on or service-based jobs. Also, 12.8% run their own businesses, 63.4% are employed by private companies, and 16.6% work in the public sector.

Workforce demographics

Working population
16,728
4.7% year-over-year change
White collar
13,351
Blue collar
3,377
Value Percent YoY change
White collar 13,351 79.8% 5.2%
Blue collar 3,377 20.2% 2.7%
Employer type
Self employees
12.8%
Private companies
63.4%
Governmental workers
16.6%
Not for profit companies
7.2%
Value Percent YoY change
Self employees 2,141 12.8% 2.2%
Private companies 10,607 63.4% 4.5%
Governmental workers 2,782 16.6% 0.7%
Not for profit companies 1,198 7.2% 22.9%
Unemployment rate
4.5%
5.3% year-over-year change

Available workforce

The unemployment rate in Panama City stands at 4.5%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Panama City

How people get around in Panama City

Commuting methods vary: 86.3% of residents travel by personal vehicle and 1.2% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 14,447 86.3% 1.8%
Taxicab 11 0.1% 57.1%
Bus or trolleybus 23 0.1% -41.0%
Motorcycle 43 0.3% -10.4%
Bicycle 47 0.3% 23.7%
Walk 208 1.2% 6.1%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

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

Zipcode Population Number of households Median income Average income
32401 18,947 8,951 $52,523 $79,622
32404 42,514 16,158 $74,708 $88,935
32405 29,984 12,433 $73,373 $94,902
32444 21,459 8,682 $83,160 $109,293

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FAQs about Panama City demographics 

What is the total population of Panama City?

Panama City has a total population of 34,979 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.2% compared to a year ago.

What is the gender ratio in Panama City?

The gender ratio in Panama City is as follows:
  • 47.3% males (16,551 residents)
  • 52.7% females (18,428 residents)

What is the median age in Panama City?

The median age in Panama City is 39.5.

What is the age distribution of the population in Panama City?

The age distribution in Panama City is as follows:
  • Under 15: 18.2% (6,362 residents)
  • Ages 15-24: 11.1% (3,887 residents)
  • Ages 25-44: 28.1% (9,837 residents)
  • Ages 45-64: 24.8% (8,673 residents)
  • Over 65: 17.8% (6,220 residents)

What is the racial and ethnic makeup of Panama City?

The racial and ethnic makeup of Panama City is as follows:
  • White: 63.6% (22,252 residents)
  • Black or African American: 20.1% (7,030 residents)
  • American Indian and Alaska Native: 1.1% (383 residents)
  • Asian: 1.7% (587 residents)
  • Native Hawaiian and Other Pacific Islander: 0.2% (61 residents)
  • Two or More Races: 9.6% (3,369 residents)
  • Other: 3.7% (1,297 residents)

What percentage of the population in Panama City are U.S.-born citizens?

U.S.-born citizens represent 87.8% of the population in Panama City.

How many housing units are there in Panama City?

There are 17,104 housing units in Panama City, reflecting a +2.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Panama City and what is the average household size?

Panama City has a total of 15,169 households, with an average of 2 people in each.

What is the median household income in Panama City?

Panama City has a median household income of $62,265, representing a +1.9% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Panama City?

The employment rate is 95.5% in Panama City, with a workforce of 16,728 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 79.8% (13,351 residents)
  • Blue-collar workers: 20.2% (3,377 residents)

Places of employment:
  • Self-employed: 12.8% (2,141 residents)
  • Private companies: 63.4% (10,607 residents)
  • Governmental workers: 16.6% (2,782 residents)
  • Not-for-profit companies: 7.2% (1,198 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025