Panama City Beach, FL

Full City Profile · Florida · Bay County County

4.0 /5.0
A Great
18,493 Population 958/sq mi density
$78,921 Median Income $50,766 per capita
$417,800 Home Value $414,475 Zillow
$1,737 Median Rent 33.0% income on rent
68°F Avg Temperature
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.5 / 5.0
$78,921 median income, 2.5% unemployment
B+
Affordability
3.7 / 5.0
$417,800 home value, $1,737/mo rent
B+
Education
3.9 / 5.0
36.8% bachelor's degree or higher

Panama City Beach, FL

At a Glance

Median Income
$78,921
5% above
$50,766 per capita
Home Value
$417,800
48% above
Zillow: $414,475
Median Rent
$1,737/mo
49% above
33.0% of income on rent
Bachelor's Degree+
36.8%
9% above
94.5% high school+
Unemployment
2.5%
31% below
5.3% poverty rate
Obesity Rate
31.4%
2% below
13.1% smoking rate
Avg Temperature
68°F

How Panama City Beach Compares to the U.S. Average

Each bar shows Panama City Beach's value as a percentage of the national average (100% = U.S. avg)

Income
105%
Home Value
148%
Rent
149%
Poverty
43%
Bachelor's
109%
Unemployment
69%
Thin vertical line = U.S. national average (100%)

Is Panama City Beach a Good Place to Live?

A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Panama City Beach residents earn a median household income of $78,921 , which is 5% above the national average of $75,149. Per capita income is $50,766. The unemployment rate stands at 2.5% (31% below the U.S. rate of 3.6%). 5.3% of residents live below the poverty line. The area is home to 6,848 business establishments, including 563 restaurants.

Housing & Cost of Living

The median home value in Panama City Beach is $417,800 , 48% above the national median of $281,900. Zillow estimates the typical home at $414,475. Median rent is $1,737/month, with 33.0% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 2000.

Education

36.8% of adults in Panama City Beach hold a bachelor's degree or higher (9% above the national average). 94.5% have completed high school. Local schools score 5.8/10 in standardized testing.

Climate & Weather

Panama City Beach has an average annual temperature of 68°F (20°C). Winters average 53°F in January while summers reach 82°F in July. Annual precipitation totals 59.5 inches.

Data Overview

People

Population18,493
Median Age45.2 yrs
Density958/mi²
Male / Female49% / 51%
Foreign Born10.7%
Veterans10.6%

Economy

A+
Median Income$78,921
Per Capita$50,766
Unemployment2.5%
Poverty5.3%
County GDP$13,467M
Avg Weekly Wage$1,027

Housing

B+
Home Value$417,800
Rent$1,737
Ownership62.1%
Zillow$414,475
Housing Units20,494
Rent Burden33.0%

Health

Obesity31.4%
Diabetes9.0%
Smoking13.1%
Heart Disease5.5%
Premature Death11,538/100K

Climate

Avg Temp68°F
Rain59.5 in/yr
Elevation25 ft

Education

B+
Bachelor's+36.8%
High School+94.5%
Graduate+13.0%
School Score5.8/10

Community

2024 VoteR 73% / D 26%
Commute24 min
Broadband94.7%
Internet Speed240 Mbps
EV Stations13
Libraries4

Did You Know?

Panama City Beach was founded in 1977.
The median home in Panama City Beach was built in 2000.
The nearest airport is Northwest Florida Beaches International (10 miles).
The Gini coefficient (income inequality) is 0.441 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
16.6% of the population has a disability.
10.7% of residents are foreign-born.
Average internet download speed is 240 Mbps.
There are 563 restaurants in the area.
The county recorded 46 fatal vehicle crashes.
182 declared natural disasters on record.