Panama City, Florida Population 2024

35,858

Panama City is a city located in Bay County Florida. Panama City has a 2024 population of 35,858. It is also the county seat of Bay County.Panama City is currently growing at a rate of 1.66% annually and its population has increased by 9.36% since the most recent census, which recorded a population of 32,788 in 2020.

The average household income in Panama City is $77,946 with a poverty rate of 18.65%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Panama City is 38.5 years, 35.4 years for males, and 41.1 years for females.

Panama City Demographics

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

  • White: 64.47%
  • Black or African American: 21.14%
  • Two or more races: 7.84%
  • Other race: 3.81%
  • Asian: 1.29%
  • Native American: 1.22%
  • Native Hawaiian or Pacific Islander: 0.24%
State
Florida
Land Area (mi²)
35.0 sq mi
Density (mi²)
1,024.0/sq mi
Growth Since 2020
9.36% (3,070)
The current population of Panama City, Florida is 35,858 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 32,788.

Panama City, Florida Population 2024

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Panama City Metro Area Population by Year

Population by Race

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Race
Population
Percentage (of total)
White22,08364.47%
Black or African American7,24321.14%
Two or more races2,6847.84%
Other race1,3043.81%
Asian4421.29%
Native American4171.22%
Native Hawaiian or Pacific Islander810.24%
showing: 7 rows

White

Black or African American

Two or more races

Other race

Asian

Native American

Native Hawaiian or Pacific Islander

Panama City Population by Race

Panama City Population Pyramid 2024

Panama City Median Age

38.5

Total

35.4

Male

41.1

Female

Panama City Adults

There are 26,304 adults, (6,176 of whom are seniors) in Panama City.

Panama City Age Dependency

70.2

Age Dependency Ratio

30.7

Old Age Dependency Ratio

39.5

Child Dependency Ratio

Panama City Sex Ratio

Female18,01452.59%
Male16,24047.41%

Panama City Population by Age

Panama City Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All14,5502.355.344.7
Non Family6,1691.2149.250.8
Married5,1813.0274.225.8
Female2,4913.3128.171.9
Male7092.8465.434.6
showing: 5 rows

2.98

Average Family Size

2.3

Average Household Size

55.3%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Panama City 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 Educational Attainment by Sex (over 25)

Panama City Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among islander people with a rate of 100%.

The highest rate of bachelors degrees is among asian people with a rate of 42.73%.

Panama City Educational Attainment by Race

All

Male

Female

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$40,018

Average Earnings

$46,546

Average Male

$35,452

Average Female

Panama City Earnings by Educational Attainment

Panama City Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Panama City Language

90.09% of Panama City residents speak only English, while 9.91% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 6.5% of the population.

Panama City Language

Panama City Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
Black7,1302,47834.75%
White20,5902,11210.26%
Multiple2,63199237.7%
Hispanic2,89661021.06%
Other1,29421216.38%
Native41711928.54%
Asian4428318.78%
Islander811012.35%
showing: 8 rows

18.65%

Overall Poverty Rate

16.05%

Male Poverty Rate

21%

Female Poverty Rate

Poverty in Panama City

The race most likely to be in poverty in Panama City is Multiple, with 37.7% below the poverty level.

The race least likely to be in poverty in Panama City is White, with 10.26% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 5.15%. Among those working part-time, it was 22.57%, and for those that did not work, the poverty rate was 24.87%.

Panama City Poverty

rate

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Rate
Poverty
Less Than 9th Grade31.57%
High School20.23%
Some College12.18%
Bachelors or Greater4.28%
showing: 4 rows

Panama City Poverty Rate by Education

rate

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Rate
Poverty
Female Unemployed62.82%
Female Employed12.91%
Male Unemployed9.64%
Male Employed7.94%
showing: 4 rows

Panama City Poverty Rate by Employment Status and Sex

Panama City Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Panama City Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

41.0%

Overall Marriage Rate

45.5%

Male Marriage Rate

37.3%

Female Marriage Rate

Panama City Married by Age and Sex

male

female

Panama City 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 35-44.

Panama City Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Panama City Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

2,865

Number of Veterans

2,534

Male Veterans

331

Female Veterans

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Panama City Veterans by War

count

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Panama City Veterans by Age

count

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Panama City Veterans by Race

Panama City Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

5.91%

Veteran Poverty Rate

41.01%

Veteran Disability Rate

Panama City Veterans by Education

LaborForceParticipation

62.2%

Labor Force Participation

57.6%

Employment Rate

5.1%

Unemployment Rate

Panama City Employment by Age

LaborForceParticipation

Panama City Employment by Race

LaborForceParticipation

Panama City 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

47.58%

Born in Panama City

92.67%

Native Born

7.33%

Foreign Born

4.62%

Non Citizen

2.72%

Naturalized

Place of Birth

92.67% of Panama City residents were born in the United States, with 47.58% having been born in Florida. 4.62% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Panama City Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
202938,7785841.53%
202838,1945841.55%
202737,6105841.58%
202637,0265841.6%
202536,4425841.63%
202435,8585841.66%
202335,2745841.68%
202234,6905841.71%
202134,1061,3184.02%
202032,788-1,750-5.07%
201934,538-2,605-7.01%
201837,143-15-0.04%
201737,158-28-0.08%
201637,1861180.32%
201537,0686151.69%
201436,4537572.12%
201335,6965601.59%
201235,1363781.09%
201134,758630.18%
201034,695-1,722-4.73%
200036,4172,0395.93%
199034,3781,0323.09%
198033,3461,2503.89%
197032,096-1,179-3.54%
196033,2757,46128.9%
195025,81414,204122.34%
194011,6106,208114.92%
19305,402
showing: 28 rows

Panama City Population by Year