Panama City, FL population, income and ZIP codes

Panama City city is a small city in Florida, with 34,211 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #125 of 955 ranked by population — larger than 87% of them. The median age here is 38.6 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Panama City city earn a median of $61,125 a year, 22.2% below the national figure of $78,538 and 11% below the $68,617 median for the 775 Florida cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 17.3% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Panama City city is valued at $243,200, 19.8% below the national figure and 20% below the $305,300 peer median, while median gross rent runs $1,334 a month, 5.1% below the national figure, or roughly $16,008 across a full year. A household on the local median income would put about 26.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 4×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 55.1% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.