Panama City is a city located in Bay County Florida. It is also the county seat of Bay County. With a 2020 population of 29,787, it is the 90th largest city in Florida and the 1298th largest city in the United States . Panama City is currently declining at a rate of -7.57% annually and its population has decreased by -18.36% since the most recent census, which recorded a population of 36,484 in 2010. Panama City reached it's highest population of 37,187 in 2016. Spanning over 41 miles, Panama City has a population density of 851 people per square mile.
The average household income in Panama City is $60,208 with a poverty rate of 21.64%. The median rental costs in recent years comes to $945 per month, and the median house value is $155,800. The median age in Panama City is 39 years, 37.1 years for males, and 41.2 years for females.