Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.4 yrs |
|---|---|
| Avg HH Size | 2.38 |
| Below Poverty | 12.2% ▲ 22% above avg |
| College Grads | 39.0% ≈ Avg |
| Unemployment | 3.6% ▼ 26% below avg |
| No HS Diploma | 1,207 (1.5%) |
| HS Graduate | 21,992 (27.8%) |
| Some College | 11,988 (15.1%) |
| Associates | 12,827 (16.2%) |
| Bachelors | 9,582 (12.1%) |
| Graduate Degree | 21,571 (27.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,407 ▼ 12% below avg |
|---|---|
| Median Home Value | $254,110 ▼ 9% below avg |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $1,339/mo |
| Total Housing Units | 63,482 |
| Vacant Units | 13,717 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Panama City is a city in Florida, located in Bay County. The city spans 11 ZIP codes and is home to approximately 119,493 residents. It is a middle-aged city, with a median age of 40.42 years.
Economically, Panama City is a solidly middle-class community. The median household income of $67,406 is near the national average. Approximately 12.2% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Panama City is a mid-range housing market. Median home values stand at $254,110, which is near the national average. Renters typically pay around $1,338 per month. Homeownership is high at 68.3%, typical of suburban and family-oriented communities.
The population of Panama City is moderately educated. 39.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (70.76%).
Panama City, FL offers residents a cost-conscious lifestyle within Florida. Spread across 11 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 32401 | 18,394 | $49,901 | $207,000 | $1,194 | 5.2% | 31.5% | 58.9% |
| 32403 | 379 | $61,500 | — | $1,955 | 0.9% | 47.0% | 0.0% |
| 32404 | 42,117 | $72,208 | $239,700 | $1,355 | 3.1% | 35.0% | 72.9% |
| 32405 | 29,336 | $71,002 | $255,100 | $1,418 | 2.6% | 42.4% | 59.8% |
| 32408 | 18,326 | $72,322 | $352,400 | $1,453 | 3.9% | 52.5% | 68.2% |
| 32409 | 10,941 | $60,687 | $221,500 | $1,097 | 5.8% | 35.4% | 91.7% |