Panama City, FL Profile: Facts & Data

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Panama City, Florida - Basic Facts

The City of Panama City had a population of 34,979 as of 2020-2024 American Community Survey 5-Year Estimates.

The primary coordinate point for Panama City is located at latitude 30.1588 and longitude -85.6602 in Bay County. The formal boundaries for the City of Panama City encompass a land area of 29.32 sq. miles and a water area of 6.16 sq. miles. Bay County is in the Central time zone (GMT -6).

The City of Panama City 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 is located within Panama City CCD of Bay County.


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  1. Panama City Demographic Data
  2. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
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Panama City, FL Data & Demographics

Source: 2020-2024 American Community Survey 5-Year Estimates

POPULATION

Total Population 34,979 (100%)
Population Density 985 per sq mi
Diversity Index1 56
 
 

INCOME

Median Household Income $62,265
Per Capita Income $38,881
Median Home Value $268,900
 

HOUSING

Total HU (Housing Units) 17,104 (100%)
Owner Occupied HU 8,535 (49.9%)
Renter Occupied HU 6,634 (38.8%)
Vacant Housing Units 1,935 (11.3%)
 

HOUSEHOLDS

Total Households 15,169
Average Household Size 2.25
Family Households 8,681 (57.2%)
NOTES
  1. The Diversity Index estimates the likelihood that two persons chosen at random from the same area belong to different race or ethnic groups, based on five groups: Hispanic/Latino, Non-Hispanic White, Non-Hispanic Black, Non-Hispanic Asian, and Non-Hispanic Other/Multiracial. A value of 0 indicates the population belongs entirely to one group. Higher values indicate a more evenly mixed population. Calculated from U.S. Census Bureau ACS 5-year estimates (table B03002).

Panama City, FL - Peer Comparisons by Rank and Percentile

The table below compares Panama City to the other 956 incorporated cities, towns and CDPs in Florida by rank and percentile using 2020-2024 American Community Survey 5-Year Estimates 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 # 125 87th
Population Density # 611 36th
Median Household Income # 636 34th
Per Capita Income # 454 53rd
Diversity Index # 269 72nd

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

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