Panama City is a city located in Bay County, Florida. Panama City has a 2025 population of 38,065 . It is also the county seat of Bay County . Panama City is currently growing at a rate of 2.81% annually and its population has increased by 15.85% since the most recent census, which recorded a population of 32,858 in 2020.
The average household income in Panama City is $84,206 with a poverty rate of 17.34%. The median age in Panama City is 38.6 years: 34.5 years for males, and 41.5 years for females. For every 100 females there are 92.3 males.
Data after 2023 is projected based on recent change
The racial composition of Panama City includes 63.18% White, 21.04% Black or African American, 4.14% other race, and smaller percentages for Asian, Native American, Native Hawaiian or Pacific Islander and multiracial populations.
White (63.18%)
Black or African American (21.04%)
Two or more races (9.35%)
Other race (4.14%)
Asian (1.02%)
Native American (1.01%)
Native Hawaiian or Pacific Islander (0.25%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 21,616 | 63.18% |
| Black or African American | 7,197 | 21.04% |
| Two or more races | 3,199 | 9.35% |
| Other race | 1,415 | 4.14% |
| Asian | 350 | 1.02% |
| Native American | 347 | 1.01% |
| Native Hawaiian or Pacific Islander | 87 | 0.25% |
Married
Widowed
Divorced
Separated
Never Married
Panama City's average per capita income is $41,519. Household income levels show a median of $61,125. The poverty rate stands at 17.34%.
Name | Median | Mean |
|---|---|---|
| Married Families | $95,790 | - |
| Families | $73,066 | $94,422 |
| Households | $61,125 | $84,206 |
| Non Families | $45,794 | $64,563 |
Average Income
Median Household Income
Poverty Rate