Panama City is a city located in Bay County, Florida. Panama City has a 2025 population of 37,525. It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.55% annually and its population has increased by 14.19% since the most recent census, which recorded a population of 32,862 in 2020.
The average household income in Panama City is $84,206 with a poverty rate of 17.34%.The median age in Panama City is 38.6 years: 34.5 years for males, and 41.5 years for females.
Data after 2023 is projected based on recent change
The racial composition of Panama City includes 63.18% White, 21.04% Black or African American, 4.14% other race, and smaller percentages for Asian, Native American, Native Hawaiian or Pacific Islander and multiracial populations.
Race | Population | Percentage (of total) |
---|---|---|
White | 21,616 | 63.18% |
Black or African American | 7,197 | 21.04% |
Two or more races | 3,199 | 9.35% |
Other race | 1,415 | 4.14% |
Asian | 350 | 1.02% |
Native American | 347 | 1.01% |
Native Hawaiian or Pacific Islander | 87 | 0.25% |
Married
Widowed
Divorced
Separated
Never Married
Panama City's average per capita income is $41,519. Household income levels show a median of $61,125. The poverty rate stands at 17.34%.
Name | Median | Mean |
---|---|---|
Married Families | $95,790 | - |
Families | $73,066 | $94,422 |
Households | $61,125 | $84,206 |
Non Families | $45,794 | $64,563 |
Average Income
Median Household Income
Poverty Rate