Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Panama City Beach, FL Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

18,971

Median Agei

45.4

Race & Ethnicityi

White

77.1%14,635

Hispanic/Latino

10.1%1,923

Black

5.4%1,032

Two or More

4.7%890

Asian

1.8%332

Other

0.5%86

American Indian/Alaska Native

0.4%73

Educational Attainment (Age 25+)i

GED/Alternative

2.2%313

High School Diploma

19.2%2,707

Some College (<1 yr)

10.3%1,450

Some College (1+ yr)

13.7%1,929

Associate's Degree

12%1,692

Bachelor's Degree

23.6%3,323

Master's Degree

11.2%1,576

Professional Degree

2.4%336

Doctorate

0.9%126

HS or Higher

95.5%

BA or Higher

38%

Graduate+

14.5%

Housingi

Median Home Valuei

$441,300

Median Renti

$1,791

Tenure

Owner-Occupied

59.2%5,160

Renter-Occupied

40.8%3,553

Total Units

21,204

Homeownership

59.2%

Vacancy Rate

58.9%

Home Values

Under $50K

1.8%92

$50K–$100K

2.4%123

$100K–$150K

1%52

$150K–$200K

2.5%130

$200K–$300K

6.6%342

$300K–$500K

48.7%2,513

$500K–$1M

34.9%1,802

$1M+

2.1%106

Rent Distribution

$500–$750

$750–$1,000

$1,000–$1,250

270

$1,250–$1,500

458

$1,500–$2,000

1,579

$2,000+

1,088

Year Built

2020 or later

2.9%624

2010–2019

12.7%2,692

2000–2009

39%8,271

1990–1999

15.6%3,315

1980–1989

21.2%4,493

1970–1979

6.1%1,285

1960–1969

1.5%316

1950–1959

0.4%81

1940–1949

0.5%102

1939 or earlier

0.1%25

Heating Fuel

Electricity

80.6%7,023

Utility Gas

15.8%1,374

Bottled/LP Gas

1.7%152

No Fuel

1.1%99

Other

0.5%42

Fuel Oil

0.3%23

Economyi

Median Household Incomei

$80,941

Mean Household Incomei

$112,821

Per Capita Incomei

$52,188

Poverty Ratei

9.9%

Unemploymenti

4.9%

Labor Forcei

11,053

Household Income Distribution

Under $10K

5.9%514

$10K–$15K

1.3%110

$15K–$20K

1.4%120

$20K–$25K

4.5%388

$25K–$30K

3.1%268

$30K–$35K

1.8%153

$35K–$40K

4.7%407

$40K–$45K

4.1%361

$45K–$50K

2%173

$50K–$60K

5.4%472

$60K–$75K

9.1%791

$75K–$100K

17.2%1,495

$100K–$125K

7.5%655

$125K–$150K

8.9%776

$150K–$200K

10.6%922

$200K+

12.7%1,108

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

Residentsi

106

Avg. Tenant Renti

$515/mo

Avg. Waitlisti

1 months

Programs in this community

Housing Choice Vouchers52 homes93% occupied$515/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Household Incomei

Based on area median of $80,941/yr

Extremely low incomeUnder $24K/yr

52%

Very low income$24K–$40K/yr

39%

Low income$40K–$65K/yr

Who Receives This Housing

87% of subsidized households are headed by a single mother

43% of subsidized households are minority

15% of subsidized households include someone with a disability

41% of subsidized households include a senior (62+)

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

1,96910.4%

By Region

Top Countries

Mexico

166

India

United Kingdom

Canada

China

Korea

Philippines

Commute & Transportationi

Workersi

10,262

Avg. Commutei

20.7 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

10,283

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

1,773(11.5% of civilian adults)

Health Insurancei

85.6%Insured

14.4%Uninsured