All Countries
Panama City, FL
Full City Profile · Florida · Bay County County
3.0
/5.0
B
Good
34,211
Population
965/sq mi density
$61,125
Median Income
$36,398 per capita
$243,200
Home Value
$278,596 Zillow
$1,334
Median Rent
33.2% income on rent
70°F
Avg Temperature
308 sunny days/yr
613
Violent Crime/100K
5,145 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$61,125 median income, 2.7% unemployment
A
Affordability
4.4 / 5.0
$243,200 home value, $1,334/mo rent
F
Safety
1.0 / 5.0
613 violent crimes/100K (61% above avg)
B
Education
3.0 / 5.0
25.5% bachelor's degree or higher
Income Overview
Median Household Income
$61,125
19% below
US avg: $75,149
Per Capita Income
$36,398
7% below
US avg: $39,052
Unemployment Rate
2.7%
25% below
US avg: 3.6%
Poverty Rate
14.2%
15% above
US avg: 12.4%
Income Comparison: Panama City vs. U.S. Average
Each bar shows Panama City’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$61,125
81%
Per Capita
US: $39,052
$36,398
93%
IRS Avg AGI
US: $72,000
$74,882
104%
Avg Weekly Wage
US: $1,432
$1,027
72%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,027
28% below US avg ($1,432)
Mean Commute Time
21 min
24% below US avg (28 min)
Work From Home
9.3%
39% below US avg (15.2%)
Drive Alone
72.9%
0% below US avg (73.2%)
Public Transit
0.3%
94% below US avg (5.0%)
County GDP
$13,467M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
72.9%
Public Transit
0.3%
Work From Home
9.3%
Other
17.5%
Average commute time
21 minutes
US avg: 28 min
Business Landscape
Total Establishments
6,848
Restaurants
563
Healthcare
574
Retail
812
Manufacturing
108
Tax & Financial
IRS Avg Adjusted Gross Income
$74,882
4% above US avg ($72,000)
Avg Property Tax
$5,234
50% above US avg ($3,500)
Cost of Living Index
103.4
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $61,125 |
| Per Capita Income | $36,398 |
| IRS Avg Adjusted Gross Income | $74,882 |
| Avg Weekly Wage | $1,027 |
| County GDP | $13,467M |
Hardship Indicators
| Unemployment Rate | 2.7% |
| Poverty Rate | 14.2% |
| Gini Coefficient | 0.441 |
| Cost of Living Index | 103.4 |
Commute
| Mean Commute | 21 minutes |
| Drive Alone | 72.9% |
| Public Transit | 0.3% |
| Work From Home | 9.3% |
Businesses
| Total Establishments | 6,848 |
| Restaurants | 563 |
| Healthcare | 574 |
| Retail | 812 |
| Manufacturing | 108 |
Tax
| IRS Avg AGI | $74,882 |
| Avg Property Tax | $5,234 |