Panama City is a city located in Bay County, Florida. Panama City has a 2026 population of 39,107. It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.74% annually and its population has increased by 19.02% since the most recent census, which recorded a population of 32,858 in 2020.
The median household income in Panama City is $62,265 with a poverty rate of 17.62%. The median age in Panama City is 39.5 years: 36.3 years for males, and 41.4 years for females. For every 100 females there are 89.8 males.
Data after 2023 is projected based on recent change
Overall: 39.5 years
Female: 41.4 years
Male: 36.3 years
There are 27,378 adults, (6,220 of whom are seniors) in Panama City.
Female: 18,428 (52.7%)
Male: 16,551 (47.3%)
The racial composition of Panama City includes 63.62% White, 20.1% Black or African American, 3.71% other race, and smaller percentages for Asian, Native American, Native Hawaiian or Pacific Islander and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 22,252 | 63.62% |
| Black or African American | 7,030 | 20.1% |
| Two or more races | 3,369 | 9.63% |
| Other race | 1,297 | 3.71% |
| Asian | 587 | 1.68% |
| Native American | 383 | 1.09% |
| Native Hawaiian or Pacific Islander | 61 | 0.17% |
Panama City 's average per capita income is $43,309. Household income levels show a median of $62,265. The poverty rate stands at 17.62%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $101,795 | - |
| Families | $78,326 | $105,277 |
| Households | $62,265 | $89,311 |
| Non Families | $43,034 | $64,118 |
Average Income
Median Household Income
Poverty Rate