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, FL Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

34,979

Median Agei

39.5

Race & Ethnicityi

White

61.8%21,627

Black

20.1%7,015

Hispanic/Latino

9.7%3,405

Two or More

5.3%1,870

Asian

1.7%587

Other

1.1%373

American Indian/Alaska Native

0.2%55

Native Hawaiian/Pacific Islander

0.1%47

Educational Attainment (Age 25+)i

GED/Alternative

4.5%1,117

High School Diploma

22.4%5,528

Some College (<1 yr)

7.9%1,954

Some College (1+ yr)

17.1%4,218

Associate's Degree

12.2%3,009

Bachelor's Degree

16.4%4,066

Master's Degree

6.9%1,695

Professional Degree

1.7%429

Doctorate

1.4%350

HS or Higher

90.4%

BA or Higher

26.4%

Graduate+

10%

Housingi

Median Home Valuei

$268,900

Median Renti

$1,327

Tenure

Owner-Occupied

56.3%8,535

Renter-Occupied

43.7%6,634

Total Units

17,104

Homeownership

56.3%

Vacancy Rate

11.3%

Home Values

Under $50K

3.2%277

$50K–$100K

5.5%468

$100K–$150K

8.2%704

$150K–$200K

11.5%982

$200K–$300K

30%2,559

$300K–$500K

26.7%2,277

$500K–$1M

11.5%978

$1M+

3.4%290

Rent Distribution

Under $500

478

$500–$750

326

$750–$1,000

949

$1,000–$1,250

988

$1,250–$1,500

1,376

$1,500–$2,000

1,831

$2,000+

384

Year Built

2020 or later

3.5%602

2010–2019

5.6%963

2000–2009

11.8%2,022

1990–1999

9.1%1,561

1980–1989

14.6%2,491

1970–1979

15.2%2,598

1960–1969

8.4%1,441

1950–1959

12.7%2,166

1940–1949

13%2,216

1939 or earlier

6.1%1,044

Heating Fuel

Electricity

84.8%12,863

Utility Gas

11.4%1,728

No Fuel

1.8%276

Bottled/LP Gas

0.9%136

Solar

0.7%109

Wood

0.3%44

Other

0.1%13

Economyi

Median Household Incomei

$62,265

Mean Household Incomei

$89,311

Per Capita Incomei

$38,881

Poverty Ratei

17.2%

Unemploymenti

4.4%

Labor Forcei

17,831

Household Income Distribution

Under $10K

5.7%863

$10K–$15K

4.8%724

$15K–$20K

4%611

$20K–$25K

5.7%858

$25K–$30K

3.1%467

$30K–$35K

3.5%536

$35K–$40K

3.3%505

$40K–$45K

5.1%767

$45K–$50K

4.9%737

$50K–$60K

7%1,068

$60K–$75K

12.4%1,877

$75K–$100K

12.5%1,892

$100K–$125K

10.4%1,574

$125K–$150K

5.4%812

$150K–$200K

4.6%705

$200K+

7.7%1,173

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

1,403

Residentsi

2,834

Avg. Tenant Renti

$393/mo

Avg. Waitlisti

17 months

Programs in this community

Public Housing262 homes98% occupied$439/mo rent

Government-owned housing managed by local housing authorities

Housing Choice Vouchers62 homes90% occupied$431/mo rent

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

Project Based Section 8664 homes96% occupied$371/mo rent

Privately owned apartments with rent subsidies tied to the building

202/PRAC1 homes

Household Incomei

Based on area median of $62,265/yr

Extremely low incomeUnder $19K/yr

73.9%

Very low income$19K–$31K/yr

21.9%

Low income$31K–$50K/yr

4.2%

Who Receives This Housing

80.3% of subsidized households are headed by a single mother

58.2% of subsidized households are minority

12.9% of subsidized households include someone with a disability

36.2% 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

3,49510%

By Region

Top Countries

Mexico

617

Germany

120

Philippines

100

United Kingdom

Korea

Canada

Guatemala

Commute & Transportationi

Workersi

16,748

Avg. Commutei

21.4 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

16,728

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

2,764(10.2% of civilian adults)

Health Insurancei

82.2%Insured

17.8%Uninsured