Panama City, FL

Metropolitan Statistical Area (MSA)

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    2024 Population
    211,922
    US Senator
    Rick Scott
    Republican Party
    US Senator
    Ashley Moody
    Republican Party
    2024 Median Age
    41.1
    0.725% 1-year decrease
    2024 Poverty Rate
    12.5%
    0.0185% 1-year increase
    2024 Median Household Income
    $71,514
    5.43% 1-year growth
    2024 Median Property Value
    $294,300
    11.7% 1-year growth
    2024 Employed Population
    99,717
    3.84% 1-year growth

    About

    None of the households in Panama City, FL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

    95.7% of the residents in Panama City, FL are U.S. citizens.

    The largest universities in Panama City-Panama City Beach, FL are Gulf Coast State College (1,012 degrees awarded in 2024), Tom P. Haney Technical College (266 degrees), and Florida Panhandle Technical College (230 degrees).

    In 2024, the median property value in Panama City, FL was $294,300, and the homeownership rate was 68.2%.

    Most people in Panama City, FL drove alone to work, and the average commute time was 25.1 minutes. The average car ownership in Panama City, FL was 2 cars per household.

    About the photo: Sunset over the Gulf
    Photo by Phillip Hendon
    United StatesFlorida

    Population & Diversity

    Panama City, FL is home to a population of 212k people, from which 95.7% are citizens. As of 2024, 7.88% of Panama City, FL residents were born outside of the country (16.7k people).

    In 2024, there were 7.13 times more White (Non-Hispanic) residents (155k people) in Panama City, FL than any other race or ethnicity. There were 21.7k Black or African American (Non-Hispanic) and 9.31k Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

    Population & Diversity

    Citizenship

    95.7%
    2024 Citizenship
    96.3%
    2023 Citizenship

    As of 2024, 95.7% of Panama City, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Panama City, FL was 96.3%, meaning that the rate of citizenship has been decreasing.

    The following chart shows US citizenship percentages in Panama City, FL compared to that of it's neighboring and parent geographies.

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    Diversity

    Race and Ethnicity

    The 3 largest ethnic groups in Panama City, FL
    1. White (Non-Hispanic)
      155k ± 446
    2. Black or African American (Non-Hispanic)
      21.7k ± 906
    3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
      9.31k ± 911
    8.53%
    Hispanic Population
    18.1k people

    In 2024, there were 7.13 times more White (Non-Hispanic) residents (155k people) in Panama City, FL than any other race or ethnicity. There were 21.7k Black or African American (Non-Hispanic) and 9.31k Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

    8.53% of the people in Panama City, FL are hispanic (18.1k people).

    The following chart shows the 8 races represented in Panama City, FL as a share of the total population.

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    Global Diversity

    The PUMS dataset is not available at the MSA level, so we are showing data for Florida.
    Most Common Origin
    1. Cuba
      1,051,839 ± 24,582 people
    2. Haiti
      364,479 ± 14,701 people
    3. Colombia
      327,463 ± 13,946 people

    In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

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    Foreign-Born Population

    7.88%
    2024 Foreign-Born Population
    16.7k people
    7.4%
    2023 Foreign-Born Population
    15.3k people

    As of 2024, 7.88% of Panama City, FL residents (16.7k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Panama City, FL was 7.4%, meaning that the rate has been increasing.

    The following chart shows the percentage of foreign-born residents in Panama City, FL compared to that of it's neighboring and parent geographies.

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    Military

    Veterans

    Most Common Service Period
    1. Gulf War (2001-)
      7,431 ± 803
    2. Vietnam
      5,178 ± 477
    3. Gulf War (1990s)
      4,793 ± 602

    Panama City, FL has a large population of military personnel who served in Gulf War (2001-), 1.44 times greater than any other conflict.

    The chart shows the distribution of veterans by conflict in Panama City, FL.

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    Health

    85.6% of the population of Panama City, FL has health coverage, with 33.6% on employee plans, 14.4% on Medicaid, 11.6% on Medicare, 20.5% on non-group plans, and 5.52% on military or VA plans.

    Primary care physicians in Florida see 1,370 patients per year on average, which represents a 0% change from the previous year (1,370 patients). Compare this to dentists who see 1563 patients per year, and mental health providers who see 459 patients per year.

    By gender, of the total number of insured persons, 48.9% were men and 51.1% were women.

    Coverage

    Patient to Clinician Ratios

    Data is only available at the state level. Showing data for Florida.
    1,370 to 1
    Patient to Primary Care Physician Ratio in Florida

    Primary care physicians in Florida see an average of 1,370 patients per year. This represents a 0% change from the previous year (1,370 patients).

    The following chart shows how the number of patients seen by primary care physicians has been changing over time in Florida in comparison to its neighboring geographies.

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    Health Care Diversity

    In 2024, insured persons according to age ranges were distributed in 22.5% under 18 years, 19.4% between 18 and 34 years, 39.6% between 35 and 64 years, and 18.5% over 64 years.

    By gender, of the total number of insured persons, 48.9% were men and 51.1% were women.

    The following chart shows the number of people with health coverage by gender.

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    Uninsured People

    14.4%
    Uninsured
    33.6%
    Employer Coverage
    14.4%
    Medicaid
    11.6%
    Medicare
    20.5%
    Non-Group
    5.52%
    Military or VA

    Between 2023 and 2024, the percent of uninsured citizens in Panama City, FL grew by 3.5% from 13.9% to 14.4%.

    The following chart shows how the percent of uninsured individuals in Panama City, FL changed over time compared with the percent of individuals enrolled in various types of health insurance.

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    Economy

    The economy of Panama City, FL employs 99.7k people. In 2024, the largest industries in Panama City, FL were Retail Trade (13,024 people), Accommodation & Food Services (10,565 people), and Health Care & Social Assistance (9,976 people), and the highest paying industries were Management of Companies & Enterprises ($250,001), Public Administration ($63,768), and Professional, Scientific, & Technical Services ($63,672).

    Employment

    Occupations

    99.7k
    2024 Value
    ± 2,830
    3.84%
    1 Year growth
    ± 3.91%

    From 2023 to 2024, employment in Panama City, FL grew at a rate of 3.84%, from 96k employees to 99.7k employees.

    The most common job groups, by number of people living in Panama City, FL, are Sales & Related Occupations (11,988 people), Management Occupations (11,049 people), and Office & Administrative Support Occupations (10,900 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama City, FL.

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    Unemployment Insurance Claims

    Data is only available at the state level. Showing data for Florida.

    This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

    The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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    Industries

    Employment by Industries

    99.7k
    2024 Value
    ± 2,830
    3.84%
    1 Year growth
    ± 3.91%

    From 2023 to 2024, employment in Panama City, FL grew at a rate of 3.84%, from 96k employees to 99.7k employees.

    The most common employment sectors for those who live in Panama City, FL, are Retail Trade (13,024 people), Accommodation & Food Services (10,565 people), and Health Care & Social Assistance (9,976 people). This chart shows the share breakdown of the primary industries for residents of Panama City, FL, though some of these residents may live in Panama City, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

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    Median Earnings by Industry

    $49,399
    Median earning men ± $1,363
    $35,774
    Median earning women ± $921

    The industries with the best median earnings for men in 2024 are Public Administration ($71,776), Agriculture, Forestry, Fishing & Hunting, & Mining ($67,250), and Educational Services, & Health Care & Social Assistance ($62,764).

    The industries with the best median earnings for women in 2024 are Public Administration ($59,712), Finance & Insurance, & Real Estate & Rental & Leasing ($43,475), and Construction ($42,976).

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    Employment by Industry Sector

    Data is only available at the state level. Showing data for Florida.
    Y-Axis
    4.23%
    Year-over-year growth
    Employment change between February 2022 and February 2023

    As of February 2023, there are 9.69M people employed in Florida. This represents a 4.23% increase in employment when compared to February 2022.

    Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 12.6%.

    The following chart shows monthly employment numbers for each industry sector in Florida.

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    Establishments by Size

    The industries with the most establishments
    1. 514
      Construction
    2. 380
      Professional, Scientific, and Technical Services
    3. 361
      Retail Trade

    The visualization shows the distribution of establishments by industry and by size according to the number of employees.

    The visualization shows the number of establishments and its share across establishment sizes.

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    Payroll by Industry Sector

    The industries with the highest total annual payroll
    1. $534k
      Health Care and Social Assistance
    2. $442k
      Retail Trade
    3. $312k
      Accommodation and Food Services

    The chart shows the total annual payroll and the average annual payroll by industry.

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    Civics

    In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

    Rick Scott and Ashley Moody are the senators currently representing the state of Florida. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

    Florida is currently represented by 28 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

    Presidential Elections

    Voting results are not available for Panama City, FL. Showing the available data for Florida.
    2024 Election Results
    1. Donald J. Trump (56.1%)
      Republican Party
    2. Kamala Harris (43%)
      Democratic Party
    3. Jill Stein (0.396%)
      Green Party

    In the 2024 presidential election, the popular vote in Florida went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (43%), followed by Jill Stein (0.396%).

    The following chart shows the popular vote results in Florida for each registered party from 1976 to 2024.

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    Senator Elections

    US Senators from Florida

    Senatorial voting results are only available at the state level. Showing data for Florida.
    Rick Scott
    Senator from Florida1
    Assumed office on January 8, 2019
    Inauguration delayed in order to finish his term as Governor of Florida.
    Ashley Moody
    Senator from Florida2
    Assumed office on January 21, 2025
    While elections for full class 3 terms will take place in 2028, Florida will hold a special election in 2026 to elect a senator to complete the remainder of Marco Rubio's term.

    Rick Scott and Ashley Moody are the senators currently representing Florida.

    In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

    The following chart shows elected senators in Florida over time, excluding special elections, colored by their political party.

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    Education

    In 2024, universities in Panama City, FL awarded 1,508 degrees. The student population of Panama City, FL in 2024 is skewed towards women, with 2,316 male students and 3,761 female students.

    Most students graduating from Universities in Panama City, FL are White (1,050 and 70.4%), Black or African American (195 and 13.1%), Hispanic or Latino (108 and 7.24%), and Two or More Races (77 and 5.16%).

    The largest universities in Panama City, FL by number of degrees awarded are Gulf Coast State College (1,012 and 67.1%), Tom P. Haney Technical College (266 and 17.6%), and Florida Panhandle Technical College (230 and 15.3%).

    The most popular majors in Panama City-Panama City Beach, FL are Liberal Arts & Sciences (385 and 25.5%), Registered Nursing (150 and 9.95%), and Corrections (109 and 7.23%).

    The median tuition cost for a public four year colleges is $1,750 for in-state students and $7,065 for out-of-state students.

    Admissions & Enrollments

    Enrollments by Gender and Races

    In 2024 there were 6,077 students enrolled in Panama City, FL, 38.1% men and 61.9% women.

    By race, the largest number of students enrolled was concentrated in White with 4,070 records, of which 60.4% were women and 39.6% men.

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    Completions

    Concentrations

    Most Common
    1. Liberal Arts & Sciences
      385 degrees awarded
    2. Registered Nursing
      117 degrees awarded
    3. Surgical Technologist
      18 degrees awarded

    In 2024, the most common concentation for Associates Degree recipients in Panama City-Panama City Beach, FL was Liberal Arts & Sciences with 385 degrees awarded.

    This visualization illustrates the percentage of students graduating with a Associates Degree from schools in Panama City-Panama City Beach, FL according to their major.

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    Universities

    Gender
    Race
    Largest Universities by degrees awarded
    1. Gulf Coast State College
      1,012 degrees awarded
    2. Tom P. Haney Technical College
      266 degrees awarded
    3. Florida Panhandle Technical College
      230 degrees awarded

    In 2024, the institution with the largest number of graduating students was Gulf Coast State College with 1,012 degrees awarded.

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    Student Diversity

    In 2024, 681 men were awarded degrees from institutions in Panama City, FL, which is 0.823 times less than the 827 female students who received degrees in the same year.

    In 2024, the most common race/ethnicity group awarded degrees at institutions was White students. These 1,050 degrees mean that there were 5.38 times more degrees awarded to White students then the next closest race/ethnicity group, Black or African American, with 195 degrees awarded.

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    Awarded Degrees over Time

    The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

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    Tuition

    Average Net Price by Sector

    Public, 4-year or above ($1,750) is the sector with the highest median state tuition in 2024.

    Public, 4-year or above ($620) is the sector with the highest median state fee in 2024.

    Public, 4-year or above ($1,200) is the sector with the highest average net price of books and supplies.

    The graph shows the average net price by sector and year.

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    Housing & Living

    The median property value in Panama City, FL was $294,300 in 2024, which is 0.885 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $263,500 to $294,300, a 11.7% increase. The homeownership rate in Panama City, FL is 68.2%, which is higher than the national average of 65.2%.

    People in Panama City, FL have an average commute time of 25.1 minutes, and they drove alone to work. Car ownership in Panama City, FL is approximately the same as the national average, with an average of 2 cars per household.

    Housing

    Property

    $294,300
    Median Property Value 2024
    ±$7,011
    $60,085
    Median Property Taxes
    ±$2,052

    The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Panama City, FL the largest share of households pay taxes in the < $800 range.

    The chart underneath the paragraph shows the property taxes in Panama City, FL compared to it's parent and neighbor geographies.

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    Rent vs Own

    68.2%
    Homeownership
    2024
    71.4%
    Homeowners with Mortgage
    2024

    In 2024, 68.2% of the housing units in Panama City, FL were occupied by their owner. This percentage declined from the previous year's rate of 69.5%.

    This chart shows the percentage of owner in Panama City, FL compared it's parent and neighboring geographies.

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    Equity

    Household Income

    Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
    $71,514
    Median Household Income
    ± $1,839
    88.1k
    Number of Households
    ± 2,511

    In 2024, the median household income of the 88.1k households in Panama City, FL grew to $71,514 from the previous year's value of $67,834.

    The following chart displays the households in Panama City, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

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    Wage Distribution

    The closest comparable wage GINI for Panama City, FL is from Florida.
    0.471
    2024 Wage GINI in Florida
    0.473
    2023 Wage GINI in Florida

    In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

    This chart shows the number of workers in Florida across various wage buckets compared to the national average.

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    Transportation

    Commuter Transportation

    Most Common Commute in 2024
    1. Drove Alone (75.8%)
    2. Carpooled (11.2%)
    3. Worked At Home (9.81%)

    In 2024, 75.8% of workers in Panama City, FL drove alone to work, followed by those who carpooled to work (11.2%) and those who worked at home (9.81%).

    The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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    Commute Time

    25.1 minutes
    Average Travel Time

    Using averages, employees in Panama City, FL have a shorter commute time (25.1 minutes) than the normal US worker (26.4 minutes). Additionally, 2.28% of the workforce in Panama City, FL have "super commutes" in excess of 90 minutes.

    The chart below shows how the median household income in Panama City, FL compares to that of it's neighboring and parent geographies.

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    Car Ownership

    2 cars
    Average Number

    The following chart displays the households in Panama City, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Panama City, FL have 2 cars.

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    Poverty

    Poverty & Diversity

    12.5% of the population for whom poverty status is determined in Panama City, FL (25.8k out of 206k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 35 - 44, followed by Females 25 - 34 and then Males 6 - 11.

    The most common racial or ethnic group living below the poverty line in Panama City, FL is White, followed by Black and Two Or More.

    The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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