Panama City is in Bay County. According to the U.S. Census Bureau, it has about 36,000 residents, a median age of 39 and a median household income of $58,000. The figures below compare it on the same terms as every city on this site, each with its source, so you can check them yourself.
Population and income from the U.S. Census · housing from public listing data
| PopulationU.S. Census | 36,000 |
|---|---|
| Median AgeU.S. Census | 39 |
| Median Household IncomeU.S. Census | $58,000 |
| Median Home PricePublic listing data | $290,000 |
| Average Rent (2BR)Public listing data | $1,450 / month |
| Cost of LivingBEA regional price parities | 3% below U.S. average |
| Summer Avg TempNOAA climate normals | 90°F |
| Winter Avg TempNOAA climate normals | 55°F |
| Commute to Nearest City CenterEstimated drive time | Downtown core |
| Commute to Nearest BeachEstimated drive time | Close to beach |
| County | Bay County |
| Flood riskFEMA flood maps | Check FEMA map ↗ |
| Unemployment 2024U.S. Bureau of Labor Statistics | 3.4% |
| Cost of living 2024Bureau of Economic Analysis | 97 vs U.S. 100 |
5 areas people ask about in Panama City
School zoning is set by address, not by city. Sources: Florida Department of Education and NCES for schools; U.S. Bureau of Labor Statistics and Bureau of Economic Analysis for wages and cost of living.
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The comparisons buyers most often raise, with the figures behind them.
Lynn Haven is much the smaller, 22,000 residents against 36,000. Incomes run $75,000 in Lynn Haven and $58,000 in Panama City. Expect to pay around $360,000 in Lynn Haven and $290,000 in Panama City at the median.
Read more about Lynn Haven →Panama City Beach is much the smaller, 19,000 residents against 36,000. Expect to pay around $450,000 in Panama City Beach and $290,000 in Panama City at the median. If you rent before buying, budget $1,900 in Panama City Beach or $1,450 in Panama City.
Read more about Panama City Beach →Mexico Beach is much the smaller, 1,200 residents against 36,000. Expect to pay around $500,000 in Mexico Beach and $290,000 in Panama City at the median. Panama City skews younger, a median age of 39 against 55.
Read more about Mexico Beach →Panama City is much the smaller, 36,000 residents against 54,000. Incomes run $58,000 in Panama City and $55,000 in Pensacola. Panama City sits 3% below the national average; Pensacola 2% below the national average.
Read more about Pensacola →Checked against the published source, not estimated