Panama City is a city located in Bay County Florida. It is also the county seat of Bay County. With a 2020 population of 32,231, it is the 127th largest city in Florida and the 1414th largest city in the United States. Panama City is currently declining at a rate of -1.09% annually and its population has decreased by -10.35% since the most recent census, which recorded a population of 35,952 in 2020. Spanning over 41 miles, Panama City has a population density of 920 people per square mile.
The average household income in Panama City is $60,208 with a poverty rate of 17.49%. The median rental costs in recent years comes to $964 per month, and the median house value is $169,100. The median age in Panama City is 39 years, 37.1 years for males, and 41.2 years for females.
According to the most recent ACS, the racial composition of Panama Citywas:
2021 and 2022 population is estimated by projecting the 2019 numbers.
Rate of Home Ownership
Average Family Size
Average Household Size
The highest rate of high school graduation is among native american people with a rate of 100.00%.
The highest rate of bachelors degrees is among native american people with a rate of 44.09%.
92.21% of Panama City residents speak only English, while 7.79% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 5.40% of the population.
Overall Poverty Rate
Male Poverty Rate
Female Poverty Rate
The race most likely to be in poverty in Panama City is Multiple, with 38.47% below the poverty level.
The race least likely to be in poverty in Panama City is Other, with NaN% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 4.01%. Among those working part-time, it was 19.77%, and for those that did not work, the poverty rate was 24.77%.
Number of Veterans
Veteran Poverty Rate
Veteran Disability Rate
Labor Force Participation
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Born in Panama City
93.10% of Panama City residents were born in the United States, with 46.73% having been born in Florida. 4.71% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.