Census Bureau data for Panama City city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Panama City city
- What is the median household income in Panama City city?
- The median household income in Panama City city is $61,125 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Panama City city?
- The poverty rate in Panama City city is 14.2% (U.S. Census Bureau ACS 2023).
- What is the median home value in Panama City city?
- $243,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in Panama City city?
- The median gross rent in Panama City city is $1,334 per month (U.S. Census Bureau ACS 2023).
- What percentage of Panama City city residents have a college degree?
- 25.5% of adults in Panama City city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
34,211
Median Income
$61,125
Median Home Value
$243,200
Poverty Rate
14.2%
Unemployment (ACS 2023)
4.4%
Median Age
38.0 yrs
Since 2019
Median Income:
+$17,172 (+39.1%)
Home Value:
+$87,400 (+56.1%)
Poverty Rate:
-2.2 pp (-13.4%)
Bachelor's+:
+1.3 pp (+5.4%)
Unemployment:
-3.2 pp (-42.1%)
Demographics
Total Population
34,211
Median Age
38.0
Female
52.0%
Race & Ethnicity
Hispanic or Latino 9.7%
White (non-Hisp.) 60.7%
Black 21.0%
Asian 1.0%
Two or More 9.4%
Other 4.1%
Asian Subgroups (% of total pop.)
Filipino
0.3%
Vietnamese
0.2%
Indian
0.1%
Korean
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
3.9%
Puerto Rican
2.5%
Cuban
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$61,125
±$3,004
-$10,586 vs. state
Per Capita Income
$79,117
Median Family Income
$73,066
Poverty Rate
14.2%
+5.3 pp vs. state
Child Poverty Rate
26.0%
Working-Age Poverty Rate
—
SNAP Recipients
17.5%
Social Security Income
—
Retirement Income
22.8%
Household Income Distribution
< $10k
6.3%
$10–15k
3.3%
$15–25k
9.0%
$25–35k
7.7%
$35–50k
13.7%
$50–75k
22.3%
$75–100k
12.5%
$100–150k
14.5%
$150–200k
4.2%
$200k+
6.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
16,643
Owner-Occupied
55.1%
Renter-Occupied
44.9%
Vacancy Rate
11.0%
Median Home Value
$243,200
-$81,800 vs. state
Median Gross Rent
$1,334
Owner Cost Burden (30%+)
22.3%
Renter Cost Burden (30%+)
43.5%
Home Value Distribution
< $50k
3.7%
$50–100k
7.7%
$100–200k
10.8%
$200–300k
32.1%
$300–500k
22.9%
$500k–$1M
6.7%
$1M+
3.3%
Gross Rent Distribution
< $500
5.1%
$500–1k
22.4%
$1–1.5k
37.8%
$1.5–2k
29.1%
$2–2.5k
3.9%
$2.5–3.5k
1.1%
$3.5k+
0.6%
Vehicle Availability
No vehicle
5.1%
1 vehicle
42.4%
2 vehicles
40.0%
3+
12.5%
Housing Type
Single-fam. det.
62.0%
Single-fam. att.
5.3%
2–4 units
4.2%
5–19 units
8.6%
20+ units
8.5%
Mobile home
1.9%
Housing Age
Pre-1940
6.2%
1940–1969
12.4%
1970–1999
14.6%
2000–2009
10.4%
2010+
6.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
89.3%
Bachelor's or Higher
25.5%
-7.7 pp vs. state
Graduate Degree
8.8%
Some College / Associate
24.7%
Less Than High School
4.8%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
63.0%
Unemployment Rate
4.4%
-0.4 pp vs. state
Work from Home
9.3%
Self-Employed
7.3%
Government Workers
17.3%
Private For-Profit
75.3%
Industry
Edu/Health
18.8%
Retail
14.3%
Prof. Services
13.9%
Arts/Entmt.
13.2%
Construction
8.9%
Public Admin
7.9%
Finance
6.9%
Manufacturing
4.4%
Transportation
3.2%
Information
1.1%
Wholesale
1.0%
Agriculture
0.6%
Occupation
Management
35.2%
Sales
25.2%
Food Prep
19.0%
Production
10.5%
Construction
10.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
20.9 min
Drove Alone
72.9%
Carpool
14.9%
Public Transit
0.3%
Work from Home
9.3%
Walked
1.2%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
14,807
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
37.4%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
13.1%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.2%
5–9
5.6%
10–14
7.1%
15–19
5.4%
20–24
5.7%
25–34
16.8%
35–44
11.5%
45–54
11.7%
55–64
6.4%
65–74
6.5%
75–84
10.0%
85+
4.7%
Under 18: 22.3%
Working age (18–64): 77.7%
65 and over: 17.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
8.7%
Naturalized Citizen
41.0%
Speaks English Less Than Very Well
5.3%
Foreign-Born Origin
Latin America
69.4%
Asia
12.6%
Europe
10.9%
Africa
4.2%
Veterans & Disability
Veteran
10.8%
With a Disability
20.0%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
81.9%
Uninsured
18.1%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
86.5%
Has a Computer
94.9%
Same House 1 Year Ago
76.7%
Moved from Abroad
0.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023