Panama City-Panama City Beach, FL Metro Area

Metro Area

Population: 206,627 (2023 estimate)

Core-Based Statistical Area (CBSA)

Metro area data from the U.S. Census Bureau. Core-Based Statistical Areas (CBSAs) are defined by the Office of Management and Budget and group counties with a central urban core plus surrounding communities that are economically tied to it. Metro areas often cross county and state lines, making them the best unit for understanding regional labor markets, housing costs, and commute patterns.

Metro income rankings Compare to another metro

Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured

Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Panama City-Panama City Beach, FL Metro Area

What is the median household income in Panama City-Panama City Beach, FL Metro Area?: The median household income in Panama City-Panama City Beach, FL Metro Area is $67,834 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Panama City-Panama City Beach, FL Metro Area?: The poverty rate in Panama City-Panama City Beach, FL Metro Area is 9.0% (U.S. Census Bureau ACS 2023).
What is the median home value in Panama City-Panama City Beach, FL Metro Area?: $263,500 (U.S. Census Bureau ACS 2023).
What is the average rent in Panama City-Panama City Beach, FL Metro Area?: The median gross rent in Panama City-Panama City Beach, FL Metro Area is $1,390 per month (U.S. Census Bureau ACS 2023).
What percentage of Panama City-Panama City Beach, FL Metro Area residents have a college degree?: 26.1% of adults in Panama City-Panama City Beach, FL Metro Area hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

206,627

Median Income

$67,834

Median Home Value

$263,500

Poverty Rate

9.0%

Unemployment (ACS 2023)

3.6%

Median Age

41.0 yrs

Since 2019 Median Income: +$13,518 (+24.9%) Home Value: +$85,100 (+47.7%) Poverty Rate: -1.5 pp (-14.3%) Bachelor's+: +2.4 pp (+10.1%) Unemployment: -1.5 pp (-29.4%)

Demographics

Total Population 206,627

Median Age 41.0

Female 50.0%

Race & Ethnicity

Hispanic or Latino 7.8% White (non-Hisp.) 74.1% Black 10.4% Asian 1.8% Two or More 8.0% Other 2.4%

Asian Subgroups (% of total pop.)

Filipino

0.5%

Vietnamese

0.4%

Indian

0.3%

Korean

0.2%

Chinese

0.1%

Hispanic Subgroups (% of total pop.)

Mexican

2.3%

Puerto Rican

2.0%

Cuban

0.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $67,834 ±$1,956

Per Capita Income $84,597

Median Family Income $79,141

Poverty Rate 9.0%

Child Poverty Rate 14.4%

Working-Age Poverty Rate —

SNAP Recipients 12.6%

Social Security Income —

Retirement Income 28.1%

Household Income Distribution

< $10k

4.3%

$10–15k

3.4%

$15–25k

7.2%

$25–35k

7.5%

$35–50k

12.5%

$50–75k

20.7%

$75–100k

14.0%

$100–150k

16.2%

$150–200k

6.5%

$200k+

7.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 117,171

Owner-Occupied 69.5%

Renter-Occupied 30.5%

Vacancy Rate 27.1%

Median Home Value $263,500

Median Gross Rent $1,390

Owner Cost Burden (30%+) 24.0%

Renter Cost Burden (30%+) 43.2%

Home Value Distribution

< $50k

6.7%

$50–100k

8.0%

$100–200k

9.2%

$200–300k

23.3%

$300–500k

28.2%

$500k–$1M

10.5%

$1M+

2.3%

Gross Rent Distribution

< $500

2.8%

$500–1k

17.8%

$1–1.5k

37.2%

$1.5–2k

28.8%

$2–2.5k

9.5%

$2.5–3.5k

2.7%

$3.5k+

1.2%

Vehicle Availability

No vehicle

3.8%

1 vehicle

34.9%

2 vehicles

40.6%

20.7%

Housing Type

Single-fam. det.

51.7%

Single-fam. att.

4.4%

2–4 units

2.3%

5–19 units

4.1%

20+ units

16.2%

Mobile home

13.5%

Housing Age

Pre-1940

1.8%

1940–1969

2.8%

1970–1999

12.2%

2000–2009

22.3%

2010+

10.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 89.8%

Bachelor's or Higher 26.1%

Graduate Degree 9.6%

Some College / Associate 23.0%

Less Than High School 3.1%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 60.8%

Unemployment Rate 3.6%

Work from Home 8.6%

Self-Employed 7.9%

Government Workers 18.3%

Private For-Profit 73.5%

Industry

Edu/Health

17.3%

Retail

12.8%

Arts/Entmt.

12.3%

Prof. Services

11.5%

Construction

10.0%

Public Admin

9.2%

Finance

7.3%

Manufacturing

6.0%

Transportation

4.5%

Wholesale

2.1%

Information

1.0%

Agriculture

0.6%

Occupation

Management

36.7%

Sales

22.9%

Food Prep

18.1%

Construction

11.4%

Production

10.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 25.5 min

Drove Alone 76.9%

Carpool 11.3%

Public Transit 0.5%

Work from Home 8.6%

Walked 1.1%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 85,400

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 47.4%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 15.1%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

5.5%

5–9

5.5%

10–14

6.3%

15–19

5.4%

20–24

5.5%

25–34

13.4%

35–44

12.7%

45–54

12.7%

55–64

7.0%

65–74

7.7%

75–84

11.0%

85+

5.3%

Under 18: 20.9% Working age (18–64): 79.1% 65 and over: 18.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 7.4%

Naturalized Citizen 50.0%

Speaks English Less Than Very Well 3.6%

Foreign-Born Origin

Latin America

54.5%

Europe

19.2%

Asia

18.6%

Africa

4.2%

Veterans & Disability

Veteran 13.1%

With a Disability 18.4%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 86.1%

Uninsured 13.9%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 90.7%

Has a Computer 96.4%

Same House 1 Year Ago 82.0%

Moved from Abroad 0.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023