Panama City, Florida Population 2026
Updated April 2026 · US Census ACS 2023 5-Year Estimates
The population of Panama City, Florida is 34,211 as of the 2023 American Community Survey, making it the 125th-largest city in Florida. The median household income is $61,125, the median home value is $243,200, and the median age is 38.6.
The population has grown 6.6% since 2010 (34,721 → 37,024).
34,211
Population
964
People / sq mi
$61,125
Median Income
$243,200
Median Home Value
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Panama City covers 35.5 sq mi of land at 964 people per square mile.
About Panama City, FL
Panama City stands apart on settlement density — it is among the most sparsely settled of US cities, at roughly 964 people per square mile. With 34,211 residents, Panama City is a city in Florida.
Earnings trail the nation, with the median household making $61,125, below the US median of $78,538. The poverty rate is 14.2%, above the national 12.4%. The typical home is valued at $243,200, with typical rent around $1,334.
Degree attainment is mid-range for US cities: 25.5% of adults hold a four-year degree, below the national 35.0%. Around 9.3% of workers work from home, below the national 14.0%, and the average commute runs about 21 minutes each way.
Panama City city Population History (2010-2024)
The city of Panama City city had a population of 34,721 in 2010 and 37,024 in 2024, a 6.6% growth over 14 years. The peak was 37,187 in 2016. Average annual growth rate: 0.50%.
37,024
Population (2024)
34,721
Population (2010)
37,187
Peak (2016)
0.50%
Avg Annual Growth
| Year | Population |
|---|---|
| 2010 | 34,721 |
| 2011 | 34,779 |
| 2012 | 35,150 |
| 2013 | 35,702 |
| 2014 | 36,450 |
| 2015 | 37,056 |
| 2016 | 37,187 |
| 2017 | 37,164 |
| 2018 | 37,107 |
| 2019 | 34,667 |
| 2020 | 32,858 |
| 2021 | 34,178 |
| 2022 | 34,861 |
| 2023 | 35,969 |
| 2024 | 37,024 |
Race & Ethnicity
| White | 63.2% |
| Black or African American | 21.0% |
| Asian | 0.0% |
| Hispanic or Latino (any race) | 2.9% |
| Two or More Races | 0.0% |
Economy & Income
$61,125
Median Household Income
$36,398
Per Capita Income
14.2%
Poverty Rate
2.7%
Unemployment Rate
Housing
$243,200
Median Home Value
$1,334
Median Rent
55.1%
Owner-Occupied
Education
89.3%
High School+
25.5%
Bachelor's+
Commute
0.3%
Drive Alone
72.9%
Public Transit
9.3%
Work From Home
20.9 min
Avg Commute
Community Profile
43.0%
Foreign Born
88.8%
Non-English at Home
10.8%
Veterans
20.0%
With Disability
81.9%
Health Insurance
94.9%
Internet Access
Employment by Industry
| Professional, Scientific & Management | 18.8% |
| Finance, Insurance & Real Estate | 13.9% |
| Education, Health Care & Social Services | 13.2% |
| Construction | 8.9% |
| Public Administration | 7.9% |
| Information | 6.9% |
| Arts, Entertainment & Food Services | 5.8% |
| Manufacturing | 4.4% |
| Retail Trade | 3.2% |
| Transportation & Warehousing | 1.1% |
| Agriculture & Mining | 0.6% |
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Frequently Asked Questions
Panama City, Florida has a population of 34,211 according to the US Census Bureau's 2023 American Community Survey 5-year estimates, making it the 125th-largest city in Florida.
The median household income in Panama City, Florida is $61,125, with 14.2% of residents living below the federal poverty level.
The median home value in Panama City, Florida is $243,200, with median monthly rent at $1,334 and a homeownership rate of 55.1%.
The median age in Panama City, Florida is 38.6 years. The population is 48.0% male and 52.0% female.
The population has grown 6.6% since 2010 (34,721 → 37,024).
Where to stay in Panama City
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Data from the American Community Survey (ACS) 5-Year estimates.
Source: U.S. Census Bureau ACS, 2026.