Panama City, Florida Population 2021

29,787
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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.

Panama City Demographics

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

  • White: 71.86%
  • Black or African American: 20.83%
  • Two or more races: 3.50%
  • Asian: 1.99%
  • Other race: 1.37%
  • Native American: 0.25%
  • Native Hawaiian or Pacific Islander: 0.20%
The current population of Panama City, Florida is 29,787 based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 37,107.The last official US Census in 2010 recorded the population at 36,484.

Panama City, Florida Population 2021

2019 and 2020 population is estimated by projecting the raw 2018 numbers.

Year Population Growth Growth Rate
2021151,635-11,535-7.61%
2020163,170-11,535-7.07%
2019174,705-11,535-6.60%
2018186,2401,5040.81%
2017184,7361,1020.60%
2016183,6342,1461.17%
2015181,4883,1991.76%
2014178,2893,6932.07%
2013174,5962,8391.63%
2012171,7572,2021.28%
2011169,5553490.21%
2010169,2060.00%

Panama City Metro Area Population by Year

Population by Race

Race Population Percentage
White26,32971.86%
Black or African American7,63120.83%
Two or More Races1,2833.50%
Asian7301.99%
Some Other Race5031.37%
American Indian and Alaska Native920.25%
Native Hawaiian and Other Pacific Islander720.20%
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Panama City Population by Race

Panama City Population Pyramid $2021

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Panama City Median Age

39


Total

37.1


Male

41.2


Female

Panama City Adults

There are 28,921 adults, (6,916 of whom are seniors) in Panama City.

Panama City Age Dependency

66.5

Age Dependency Ratio

31.4

Old Age Dependency Ratio

35.1

Child Dependency Ratio

Panama City Sex Ratio

Female

19,413

52.98%

Male

17,227

47.02%

Panama City Population by Age

Panama City Renter vs Owner Occupied by Household Type

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Panama City Household Types

Type Owner Renter
Married72%28%
All50.5%49.5%
Non Family43.4%56.6%
Male43.2%56.8%
Female33.6%66.4%

50.5%

Rate of Home Ownership

Panama City Households and Families

Type Count Average Size Owned
All15,3932.3450.5
Non Family7,0001.243.4
Married4,7593.1272
Female2,8073.4833.6
Male8273.5543.2

3.16

Average Family Size

2.34

Average Household Size

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Panama City Households by Type

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Education Attained Count Percentage
Less Than 9th Grade7763.01%
9th to 12th Grade1,7576.81%
High School Graduate8,39732.55%
Some College6,12123.73%
Associates Degree2,4929.66%
Bachelors Degree3,91915.19%
Graduate Degree2,3369.05%
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Panama City Educational Attainment by Sex (over 25)

Panama City Educational Attainment by Race

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Race Total High School Bachelors
White18,09416,9284,993
Black4,8653,860491
Hispanic1,7801,578441
Asian611523123
2+ Races430372202
Other Race319281117
Native American927816
Islander4141

The highest rate of high school graduation is among islander people with a rate of 100.00%.

The highest rate of bachelors degrees is among 2+ races people with a rate of 46.98%.

Panama City Educational Attainment by Race

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Name Average Male Female
Overall$30,463$35,854$26,863
Less Than 9th Grade$17,478$21,543$14,909
High School Graduate$23,856$26,019$21,124
Some College$30,756$35,101$28,027
Bachelors Degree$40,261$43,996$37,591
Graduate Degree$67,614$69,219$45,000

$30,463

Average Earnings

$35,854

Average Male

$26,863

Average Female

Panama City Earnings by Educational Attainment

Panama City Language by Age

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Panama City Language

90.95% of Panama City residents speak only English, while 9.05% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 5.62% of the population.

Panama City Language

Panama City Poverty by Race

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Name Total In Poverty Poverty Rate
White23,6963,04712.86%
Black7,5103,02540.28%
Hispanic2,9211,08137.01%
Multiple1,27740731.87%
Asian73033145.34%
Other49718938.03%
Native921415.22%

21.64%

Overall Poverty Rate

20.02%

Male Poverty Rate

23.08%

Female Poverty Rate

Poverty in Panama City

The race most likely to be in poverty in Panama City is Asian, with 45.34% below the poverty level.

The race least likely to be in poverty in Panama City is White, with 12.86% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 3.76%. Among those working part-time, it was 24.90%, and for those that did not work, the poverty rate was 29.72%.

Panama City Poverty

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Name Poverty
Less Than 9th Grade42.01%
High School19.80%
Some College13.46%
Bachelors or Greater5.60%

Panama City Poverty Rate by Education

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Rate Poverty
Female Unemployed55.18%
Male Unemployed41.18%
Female Employed11.42%
Male Employed9.81%

Panama City Poverty Rate by Employment Status and Sex

Panama City Income by Household Type

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Name Median Mean
Households$43,953$60,208
Families$55,638$72,709
Married Families$76,530-
Non Families$31,177$42,438
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Income by Household Type

Panama City Marital Status

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Marriage Rates

36.2%

Overall Marriage Rate

40.5%

Male Marriage Rate

32.4%

Female Marriage Rate

Panama City Married by Age and Sex

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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

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Panama City Marital Status

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3,506

Number of Veterans

2,932

Male Veterans

574

Female Veterans

War Veterans
Vietnam1,309
First Gulf War925
Second Gulf War721
Korea226
World War II99

Panama City Veterans by War

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Age Group Veterans
35 to 541,007
65 to 74812
75+709
55 to 64646
18 to 34332

Panama City Veterans by Age

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Name Veterans % of Total
White2,88613.43%
Black4828.54%
Hispanic1306.54%
2+ Races9817.19%
Native American4043.48%

Panama City Veterans by Race

Panama City Veterans by Education

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5.66%

Veteran Poverty Rate

36.85%

Veteran Disability Rate

Panama City Veterans by Education

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60.4%

Labor Force Participation

55.5%

Employment Rate

7.6%

Unemployment Rate

Panama City Employment by Age

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Panama City Employment by Race

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Panama City Employment by Education

Origin of Non-Citizens

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

Origin of Naturalized Citizens

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46.58%

Born in Panama City

91.62%

Native Born

8.38%

Foreign Born

5.47%

Non Citizen

2.91%

Naturalized

Place of Birth

91.62% of Panama City residents were born in the United States, with 46.58% having been born in Florida. 5.47% 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

Year Population Growth Annual Growth Rate
202129,787-2,440-7.57%
202032,227-2,440-7.04%
201934,667-2,440-6.58%
201837,107-57-0.15%
201737,164-23-0.06%
201637,1871310.35%
201537,0566061.66%
201436,4507482.10%
201335,7025521.57%
201235,1503711.07%
201134,779580.17%
201034,721-1,696-0.48%
200036,4172,0390.58%
199034,3781,0320.31%
198033,3461,2500.38%
197032,096-1,179-0.36%
196033,2757,4612.57%
195025,81414,2048.32%
194011,6106,2087.95%
19305,4020.00%

Panama City Population by Year