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ZipNumbers

Florida · Census place 54700

Panama City city, FL

Quick answer

Panama City city has 34,211 residents, ranking #125 of 955 places in Florida. Median household income is $61,125, the median home is worth $243,200 and median gross rent runs $1,334 a month.

Population
34,211Panama City city residents
Median household income
$61,125Past 12 months, inflation adjusted
Median home value
$243,200Owner-occupied units
Median gross rent
$1,334Rent plus utilities, monthly
Median age
38.6 yrsAll residents
Homeownership rate
55.1%Owner-occupied households

What the numbers mean in Panama City city

Housing cost measured against local earnings.

A household earning the Panama City city median would spend about 26.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.3% of residents and 55.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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