Population 62,692 · Census ACS 2020–24
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Population and households in Panama City
Household size in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 2.40 | 2.63 | 2.68 |
| 2010–14 | 2.57 | 2.73 | 2.73 |
| 2015–19 | 2.50 | 2.75 | 2.71 |
| 2020–24 | 2.47 | 2.63 | 2.65 |
| Change | +0.07 | +0.00 | −0.03 |
Households in Panama City run small, averaging 2.47 people against 2.65 nationally, which usually means more singles and couples and fewer children. Since 2006–10, household size has crept up from 2.40, even as the national average fell. The biggest households, usually families with children, are concentrated in the northeast.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 38.7 | 40.8 | 37.7 |
| 2010–14 | 40.0 | 42.0 | 38.6 |
| 2015–19 | 40.8 | 43.0 | 39.6 |
| 2020–24 | 40.0 | 43.5 | 40.1 |
| Change | +1.3 | +2.7 | +2.3 |
At 40.0, the median age in Panama City is close to the national median of 40.1, so its age mix looks much like the country's. The population here is younger than in Florida as a whole, where the median age is 43.5. Since 2006–10, the median age has climbed from 38.7, mirroring the country.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 11.8% | 12.4% | 12.3% |
| 2010–14 | 11.6% | 12.2% | 12.3% |
| 2015–19 | 13.1% | 11.5% | 11.6% |
| 2020–24 | 12.0% | 11.4% | 11.6% |
| Change | +0.2 pts | −1.0 pts | −0.6 pts |
Single-parent households are about as common in Panama City as they are nationally: 12.0%, against 11.6%. Compared with other Florida cities, Panama City has a higher share of single-parent households than most.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Panama City
Renters in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 37.0% | 30.3% | 33.3% |
| 2010–14 | 41.7% | 33.9% | 35.6% |
| 2015–19 | 38.7% | 34.6% | 36.0% |
| 2020–24 | 33.7% | 32.4% | 34.8% |
| Change | −3.4 pts | +2.1 pts | +1.5 pts |
Renting in Panama City is about as common as it is nationally: 33.7% of households rent, against 34.8%. Among homeowners, 43.4% have no mortgage at all, above the national share of 39.8%. Rentals cluster in the center; owners are most common in the north. Since 2006–10, the renter share has fallen 3.4 points, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 13.1% | 17.2% | 11.4% |
| 2010–14 | 15.9% | 17.6% | 11.4% |
| 2015–19 | 14.9% | 15.4% | 11.1% |
| 2020–24 | 10.5% | 12.5% | 9.6% |
| Change | −2.5 pts | −4.8 pts | −1.8 pts |
About as many homes sit empty in Panama City as nationally: 10.5%, against 9.6%. The rate is lower than in Florida as a whole (12.5%). Since 2006–10, vacancy has fallen 2.5 points, mirroring the country.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 1979 | 1984 | 1974 |
| 2010–14 | 1980 | 1985 | 1975 |
| 2015–19 | 1981 | 1986 | 1977 |
| 2020–24 | 1988 | 1989 | 1980 |
| Change | +8 | +5 | +6 |
The housing in Panama City is younger than the country's: half of it was built after 1988, against 1980 nationally. The median year built has moved up from 1979 in 2006–10, a sign of steady new building. The newest homes are mostly in the northeast, the oldest in the south.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | $868 | $1,092 | $965 |
| 2010–14 | $933 | $1,123 | $1,040 |
| 2015–19 | $993 | $1,323 | $1,213 |
| 2020–24 | $1,432 | $1,816 | $1,571 |
| Change | +$564 | +$724 | +$606 |
A typical rental in Panama City costs $1,432 a month with utilities, below the national median of $1,571. Rents are up $564 a month from 2006–10, a 65% jump, roughly in step with the nation. Rent takes 33.8% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Panama City
Bachelor's degrees in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 17.3% | 26.4% | 28.4% |
| 2010–14 | 19.2% | 27.0% | 29.6% |
| 2015–19 | 20.0% | 30.0% | 32.1% |
| 2020–24 | 24.6% | 34.6% | 35.6% |
| Change | +7.4 pts | +8.2 pts | +7.2 pts |
Fewer adults in Panama City have a four-year degree than in the country as a whole: 24.6%, against 35.6% nationally. Since 2006–10, the share with a degree has risen 7.4 points, mirroring the country. College graduates are most concentrated in the northwest and least in the southeast.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 84.0% | 85.5% | 84.9% |
| 2010–14 | 85.8% | 86.5% | 86.1% |
| 2015–19 | 88.4% | 88.2% | 87.7% |
| 2020–24 | 90.1% | 90.0% | 89.3% |
| Change | +6.1 pts | +4.4 pts | +4.3 pts |
About as many adults in Panama City have finished high school as nationally: 90.1%, against 89.3%. The share with a diploma is up 6.1 points from 2006–10, mirroring the country.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Panama City
| Period | Panama City | Florida | U.S. |
|---|---|---|---|
| 2006–10 | 9.0% | 8.9% | 8.1% |
| 2010–14 | 11.9% | 11.0% | 9.4% |
| 2015–19 | 5.4% | 5.7% | 5.6% |
| 2020–24 | 4.1% | 4.8% | 5.4% |
| Change | −4.9 pts | −4.1 pts | −2.7 pts |
Unemployment in Panama City runs below the national rate: 4.1% of the labor force was out of work and looking, against 5.4% nationally. Since 2006–10, unemployment has fallen 4.9 points, in line with the national trend. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Panama City compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Panama City | 2.47 | 40.0 | 12.0% | 33.7% | 10.5% | 1988 | $1,432 | 24.6% | 90.1% | 4.1% |
| Lynn Haven | 2.49 | 39.2 | 10.1% | 28.2% | 8.3% | 1995 | $1,587 | 35.7% | 92.0% | 2.9% |
| Springfield | 2.40 | 38.2 | 16.1% | 33.4% | 9.4% | 1991 | $1,305 | 15.6% | 86.0% | 3.3% |
| Pretty Bayou | 2.22 | 44.6 | 5.7% | 31.2% | 10.6% | 1988 | $1,344 | 45.1% | 96.7% | 3.0% |
| Southport | 2.58 | 50.1 | 2.7% | 8.5% | 9.5% | 1999 | $1,194 | 34.1% | 91.1% | 3.2% |
| Parker | 2.42 | 40.0 | 13.2% | 45.5% | 14.2% | 1982 | $1,390 | 21.7% | 85.1% | 8.3% |
| Callaway | 2.50 | 36.6 | 12.0% | 37.7% | 9.9% | 1991 | $1,445 | 25.8% | 87.3% | 3.0% |
| Upper Grand Lagoon | 2.15 | 44.9 | 9.9% | 36.4% | 14.9% | 1994 | $1,702 | 36.1% | 97.3% | 2.8% |
| Lower Grand Lagoon | 1.80 | 56.5 | 7.0% | 29.2% | 67.3% | 1987 | $1,347 | 35.3% | 92.1% | 2.7% |
| West Bay | 2.53 | 35.6 | 5.2% | 47.0% | 19.0% | 2014 | $1,906 | 49.6% | 95.0% | 4.1% |
| Youngstown | 2.63 | 39.0 | 17.5% | 17.2% | 6.9% | 1994 | $1,084 | 15.7% | 89.4% | 3.0% |
All figures 2020–24.
Cities with similar populations: Arecibo, PR · Bentonville, AR · Chesterfield, VA · Coconut Creek, FL · Danville, CA · Davenport, FL · Elyria, OH · Florence, AL · Fountain Valley, CA · Piscataway, NJ
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Panama City. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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