Census ACS · #232 MSA
Panama City Metro Area
The Panama City-Panama City Beach, Fl Metropolitan Statistical Area has 206,627 residents. The median household income is $67,834 and the median home value is $263,500.
206,627
Population
154
People / sq mi
$67,834
Median Income
$263,500
Median Home Value
The Panama City CBSA covers 1,343 sq mi of land at 153.8 people per square mile.
Race & Ethnicity
| White | 76.7% |
| Black or African American | 10.4% |
| Asian | 0.0% |
| Hispanic or Latino (any race) | 1.9% |
Economy & Income
$67,834
Median Household Income
$37,313
Per Capita Income
9.0%
Poverty Rate
2.1%
Unemployment
Cost of Living
The Panama City metro's price level is 97.3 on the BEA Regional Price Parity index (US average = 100), meaning prices are 2.7% lower the US average. The local median income of $67,834 has the buying power of $69,719 in average-priced US metros.
97.3
Price Level (US = 100)
$69,719
COL-Adjusted Median Income
$67,834
Nominal Median Income
Housing
$263,500
Median Home Value
$1,390
Median Rent
69.5%
Homeownership
Education
89.8%
High School+
26.1%
Bachelor's+
Commute
0.5%
Drive Alone
8.6%
Work From Home
25.5 min
Avg Commute
47.8%
Foreign Born
Panama City spans this state
Nearby metros
Largest cities in Florida
Largest counties in Florida
Part of Florida
Other metros
Metro areas in Florida
Metro rankings
Frequently Asked Questions
The Panama City-Panama City Beach, Fl Metropolitan Statistical Area has a population of 206,627 according to Census ACS 5-Year estimates, making it the #232 largest CBSA in the US.
The median household income in the Panama City metro area is $67,834, with a per capita income of $37,313.
The Panama City-Panama City Beach, Fl CBSA spans the state of Florida.
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More from Florida
Data for the Panama City-Panama City Beach, Fl CBSA (37460) from the American Community Survey 5-Year estimates. Core-Based Statistical Areas combine cities, suburbs, and surrounding counties tied together by commuting patterns.
In Panama City, home values do the distinguishing — a median of $263,500. Panama City is a metro area in FL with a population of 206,627.
Household earnings are middling, with a median of $67,834 — below the US median of $78,538. The poverty rate is 9.0%, below the national 12.4%. A typical home is worth $263,500, with typical rent around $1,390.
Roughly 26.1% of adults have a bachelor’s, below the national 35.0%.
High housing values reframe the income picture in Panama City — even solid earnings stretch less against home prices and rents at this level.
Source: U.S. Census Bureau ACS, 2026.