Panama City Beach, Florida Population 2024

20,432

Panama City Beach is a city located in Bay County Florida. Panama City Beach has a 2024 population of 20,432. Panama City Beach is currently growing at a rate of 3.48% annually and its population has increased by 13.38% since the most recent census, which recorded a population of 18,021 in 2020.

The average household income in Panama City Beach is $105,373 with a poverty rate of 9.11%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Panama City Beach is 45.3 years, 44.7 years for males, and 46.2 years for females.

Panama City Beach Demographics

According to the most recent ACS, the racial composition of Panama City Beach was:

  • White: 82.59%
  • Black or African American: 8.07%
  • Two or more races: 5.15%
  • Other race: 2.54%
  • Asian: 0.9%
  • Native American: 0.75%
  • Native Hawaiian or Pacific Islander:
State
Florida
Land Area (mi²)
19.3 sq mi
Density (mi²)
1,058.60/sq mi
Growth Since 2020
13.38% (2,411)
The current population of Panama City Beach, Florida is 20,432 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 18,021.

Panama City Beach, Florida Population 2024

Population by Race

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Race
Population
Percentage (of total)
White15,09982.59%
Black or African American1,4758.07%
Two or more races9415.15%
Other race4652.54%
Asian1640.9%
Native American1370.75%
Native Hawaiian or Pacific Islander
showing: 7 rows

White

Black or African American

Two or more races

Other race

Asian

Native American

Native Hawaiian or Pacific Islander

Panama City Beach Population by Race

Panama City Beach Population Pyramid 2024

Panama City Beach Median Age

45.3

Total

44.7

Male

46.2

Female

Panama City Beach Adults

There are 15,306 adults, (3,242 of whom are seniors) in Panama City Beach.

Panama City Beach Age Dependency

51.5

Age Dependency Ratio

26.9

Old Age Dependency Ratio

24.7

Child Dependency Ratio

Panama City Beach Sex Ratio

Female9,05249.52%
Male9,22950.48%

Panama City Beach Population by Age

Panama City Beach Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All8,1632.2360.939.1
Married3,8922.6975.524.5
Non Family3,0781.3745.654.4
Female7582.7733.666.4
Male4353.2985.514.5
showing: 5 rows

2.62

Average Family Size

2.23

Average Household Size

60.9%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Panama City Beach Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Panama City Beach Educational Attainment by Sex (over 25)

Panama City Beach Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among white people with a rate of 96.13%.

The highest rate of bachelors degrees is among white people with a rate of 36.81%.

Panama City Beach Educational Attainment by Race

All

Male

Female

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$45,625

Average Earnings

$52,007

Average Male

$35,904

Average Female

Panama City Beach Earnings by Educational Attainment

Panama City Beach Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Panama City Beach Language

88.14% of Panama City Beach residents speak only English, while 11.86% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 5.86% of the population.

Panama City Beach Language

Panama City Beach Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White14,4191,0567.32%
Hispanic1,53522814.85%
Black1,45322715.62%
Multiple92321723.51%
Other46512326.45%
showing: 5 rows

9.11%

Overall Poverty Rate

5.45%

Male Poverty Rate

12.85%

Female Poverty Rate

Poverty in Panama City Beach

The race most likely to be in poverty in Panama City Beach is Other, with 26.45% below the poverty level.

The race least likely to be in poverty in Panama City Beach is White, with 7.32% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 2.44%. Among those working part-time, it was 16.96%, and for those that did not work, the poverty rate was 14.01%.

Panama City Beach Poverty

rate

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Rate
Poverty
Less Than 9th Grade26.91%
Some College10.69%
High School9.24%
Bachelors or Greater3.35%
showing: 4 rows

Panama City Beach Poverty Rate by Education

rate

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Rate
Poverty
Male Unemployed11.49%
Female Unemployed10.48%
Female Employed10.3%
Male Employed3.7%
showing: 4 rows

Panama City Beach Poverty Rate by Employment Status and Sex

Panama City Beach Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Panama City Beach Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

50.7%

Overall Marriage Rate

51.8%

Male Marriage Rate

49.7%

Female Marriage Rate

Panama City Beach Married by Age and Sex

male

female

Panama City Beach Marriage

The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 45-54.

Panama City Beach Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Panama City Beach Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

1,626

Number of Veterans

1,507

Male Veterans

119

Female Veterans

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Panama City Beach Veterans by War

count

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Panama City Beach Veterans by Age

count

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Panama City Beach Veterans by Race

Panama City Beach Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

3.14%

Veteran Poverty Rate

27.55%

Veteran Disability Rate

Panama City Beach Veterans by Education

LaborForceParticipation

67.6%

Labor Force Participation

64%

Employment Rate

2.8%

Unemployment Rate

Panama City Beach Employment by Age

LaborForceParticipation

Panama City Beach Employment by Race

LaborForceParticipation

Panama City Beach Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

24.06%

Born in Panama City Beach

88.23%

Native Born

11.77%

Foreign Born

7.1%

Non Citizen

4.67%

Naturalized

Place of Birth

88.23% of Panama City Beach residents were born in the United States, with 24.06% having been born in Florida. 7.1% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Panama City Beach Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
202923,8726882.97%
202823,1846883.06%
202722,4966883.15%
202621,8086883.26%
202521,1206883.37%
202420,4326883.48%
202319,7446883.61%
202219,0566883.75%
202118,3683471.93%
202018,0215,43443.17%
201912,587-589-4.47%
201813,1763162.46%
201712,860910.71%
201612,7691471.16%
201512,6222341.89%
201412,3883542.94%
201312,0342181.84%
201211,8161781.53%
201111,638270.23%
201011,6113,94051.36%
20007,6713,62089.36%
19904,051
showing: 22 rows

Panama City Beach Population by Year