Panama City, Florida Population 2020

36,708

Panama City is a city located in Florida. With a 2020 population of 36,708, it is the 83rd largest city in Florida and the 1073rd largest city in the United States. Panama City is currently declining at a rate of -0.27% annually but its population has increased by 0.61% since the most recent census, which recorded a population of 36,484 in 2010. Panama City reached it's highest population of 37,100 in 2016. Spanning over 41 miles, Panama City has a population density of 1,048 people per square mile.

The average household income in Panama City is $58,001 with a poverty rate of 21.94%. The median rental costs in recent years comes to $903 per month, and the median house value is $153,600. The median age in Panama City is 39.7 years, 38.7 years for males, and 40.7 years for females. For every 100 females there are 84.5 males.

Panama City Demographics

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

  • White: 71.36%
  • Black or African American: 21.13%
  • Two or more races: 4.48%
  • Asian: 1.96%
  • Other race: 0.83%
  • Native American: 0.24%
  • Native Hawaiian or Pacific Islander: 0.00%
The current population of Panama City, Florida is 36,708, based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 36,908.The last official US Census in 2010 recorded the population at 36,484.

Panama City, Florida Population 2020

Year Total Population Growth Annual Growth Rate
2020204,0171,2830.63%
2019202,7341,2830.63%
2018201,4511,2830.64%
2017200,1687230.36%
2016199,4452,1301.07%
2015197,3153,0101.53%
2014194,3053,8181.96%
2013190,4872,9711.56%
2012187,5162,2171.18%
2011185,2992710.15%
2010185,0280.00%

Population by Race

Race Population Percentage
White26,31971.36%
Black or African American7,79121.13%
Two or More Races1,6544.48%
Asian7231.96%
Some Other Race3050.83%
American Indian and Alaska Native880.24%

Panama City Population Pyramid 2020

Panama City Median Age

39.7


Total

38.7


Male

40.7


Female

Panama City Adults

There are 29,013 adults, (6,807 of whom are seniors) in Panama City.

Panama City Age Dependency

66.1

Age Dependency Ratio

30.7

Old Age Dependency Ratio

35.4

Child Dependency Ratio

Panama City Sex Ratio

Female

19,993

54.21%

Male

16,887

45.79%

Panama City Households and Families

Panama City Renter vs Owner Occupied by Household Type

Panama City Household Types

Type Owner Renter
Married68.8%31.2%
All49%51%
Male43.4%56.6%
Non Family42.6%57.4%
Female31.1%68.9%

49.0%

Rate of Home Ownership

Type Count Average Size Owned
All15,1972.3849
Non Family6,6501.1942.6
Married4,9183.1568.8
Female2,7373.4231.1
Male8923.8643.4

3.18

Average Family Size

2.38

Average Household Size

6.3%

Unmarried (Opposite Sex)

0.3%

Unmarried (Same Sex)

Panama City Education

Education Attained Count Percentage
Less Than 9th Grade7462.88%
9th to 12th Grade1,8997.32%
High School Graduate8,43332.50%
Some College6,49625.04%
Associates Degree2,3208.94%
Bachelors Degree3,81614.71%
Graduate Degree2,2378.62%

Panama City Educational Attainment by Race

Name Total High School Bachelors
White18,28116,9714,868
Black4,9863,968518
Hispanic1,6881,477385
Asian612558142
Multiple Races453413191
Other Race21016853
Native American887615

The highest rate of high school graduation is among white people with a rate of 92.83%.

The highest rate of bachelors degrees is among multiple races people with a rate of 42.16%.

Name Average Male Female
Overall$29,793$34,365$26,936
Less Than High School$16,156$16,652$15,405
High School Grad$22,254$25,564$20,372
Some College$30,653$33,250$28,821
Bachelors Degree$40,135$50,250$38,022
Graduate Degree$49,491$69,183$40,402

$29,793

Average Earnings

$34,365

Average Male

$26,936

Average Female

Panama City Language

Panama City Language by Age

Panama City Language

91.14% of Panama City residents speak only English, while 8.86% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 5.45% of the population.

Panama City Poverty

Panama City Poverty by Race

Name Total In Poverty Poverty Rate
White23,5583,32214.10%
Black7,6962,66434.62%
Hispanic2,9971,30143.41%
Multiple1,64252231.79%
Asian72326937.21%
Other29918160.54%
Native884753.41%

21.94%

Overall Poverty Rate

19.88%

Male Poverty Rate

23.69%

Female Poverty Rate

Poverty in Panama City

The race most likely to be in poverty in Panama City is Other, with 60.54% below the poverty level.

The race least likely to be in poverty in Panama City is White, with 14.10% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 3.32%. Among those working part-time, it was 25.27%, and for those that did not work, the poverty rate was 29.73%.

Name Poverty
Less Than High School40.73%
High School20.92%
Some College12.98%
Bachelors or Greater5.87%
Name Poverty
Female Unemployed51.56%
Male Unemployed32.60%
Female Employed10.20%
Male Employed9.97%

Panama City Income

Panama City Income by Household Type

Name Median Mean
Households$41,161$58,001
Families$52,088$70,667
Married Families$72,771-
Non Families$27,815$38,668

Panama City Marital Status

Panama City Marital Status

Marriage Rates

37.5%

Overall Marriage Rate

41.7%

Male Marriage Rate

33.9%

Female Marriage Rate

Panama City Married by Age and Sex

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 45-54.

Panama City Marital Status by Race

Panama City Veterans

3,477

Number of Veterans

3,032

Male Veterans

445

Female Veterans

War Veterans
Vietnam1,172
First Gulf War905
Second Gulf War759
Korea323
World War II153
Name Veterans % of Total
White2,76812.82%
Black61710.74%
Hispanic1447.55%
2 or More7111.27%
Indian2123.86%

$Panama City Veterans by Education

7.42%

Veteran Poverty Rate

35.78%

Veteran Disability Rate

Panama City Employment Status

58.5%

Labor Force Participation

53.1%

Employment Rate

8.6%

Unemployment Rate

Panama City Place of Birth

Origin of Non-Citizens

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

Origin of Naturalized Citizens

47.09%

Born in Florida

92.22%

Native Born

7.78%

Foreign Born

4.66%

Non Citizen

Place of Birth

92.22% of Panama City residents were born in the United States, with 47.09% having been born in Florida. 4.66% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.

Year Population Growth Annual Growth Rate
202036,708-100-0.27%
201936,808-100-0.27%
201836,908-92-0.25%
201737,000-100-0.27%
201637,1001050.28%
201536,9955871.61%
201436,4087512.11%
201335,6575561.58%
201235,1013741.08%
201134,727580.17%
201034,669-1,748-0.49%
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%