Panama City Beach, FL Profile: Facts & Data

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Panama City Beach, Florida - Basic Facts

The City of Panama City Beach had a population of 14,868 as of July 1, 2019.

The primary coordinate point for Panama City Beach is located at latitude 30.1766 and longitude -85.8055 in Bay County. The formal boundaries for the City of Panama City Beach encompass a land area of 19.28 sq. miles and a water area of 0.2 sq. miles. Bay County is in the Central time zone (GMT -6). The elevation is 13 feet.

The City of Panama City Beach (GNIS ID: 2404469) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Panama City Beach is located within Panama City Beaches CCD of Bay County.


Jump to... (On This Page!)
  1. Panama City Beach 2019 Demographic Data
  2. Growth Rates for Panama City Beach (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Panama City Beach, FL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Panama City Beach, FL Housing Affordability Index is 124
State of Florida Housing Affordability Index is 113
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Panama City Beach, FL Wealth Index is 79
State of Florida Wealth Index is 94
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Florida address.

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  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 14,868
Population in Households 14,864
Population in Familes 10,549
Population in Group Qrtrs 4
Population Density 770
Diversity Index1 36
 

INCOME

Median Household Income $57,437
Average Household Income $77,866
Per Capita Income $34,163
Wealth Index3 79

HOUSING

Total Housing Units 17,960 (100%)
Owner Occupied HU 3,294 (18.3%)
Renter Occupied HU 3,343 (18.6%)
Vacant Housing Units 11,323 (63.0%)
Median Home Value $239,779
Housing Affordability Index2 124
 

HOUSEHOLDS

Total Households 6,637
Average Household Size 2.24
Family Households 3,814
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 2.28% 1.31%
Households 2.17% 1.22%
Families 2.34% 1.17%
Median Household Income   2.88%
Per Capita Income   3.02%

Panama City Beach, FL - Peer Comparisons by Rank and Percentile

The table below compares Panama City Beach to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 240 74th
Population Density # 641 30th
Diversity Index # 592 36th
Median Household Income # 337 63rd
Per Capita Income # 281 70th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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