Panama City Beach, FL
Population 18,493 · Florida
About Panama City Beach, FL
Panama City Beach is a mid-sized city in Florida with a population of 18,493 residents. The median household income is $78,921 per year, which is above the national average. The median age in Panama City Beach is 45.2 years.
Housing in Panama City Beach has a median home value of $417,800 and median monthly rent of $1,737. Of the 21,078 total housing units, the majority are owner-occupied, with 5,259 owner-occupied and 3,211 renter-occupied units.
The unemployment rate in Panama City Beach is 2.5% and the poverty rate is 8.2%. 36.8% of residents hold a bachelor's degree or higher. The average commute time is 23.8 minutes.
Cost of Living in Panama City Beach, FL
Compared to national averages, Panama City Beach has a median household income of $78,921 (5% above the national median of $75,149). Home values average $417,800, which is 71% above the national median. Monthly rent at $1,737 is 49% above the US average of $1,163. Within Florida, Panama City Beach's income is 4% above the state average of $75,893, and home values are 18% above the state median of $353,675.
Why Live in Panama City Beach, FL?
Panama City Beach offers a strong local economy with a median household income of $78,921, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 36.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.2%, better than the national average, and short commute times averaging just 23.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $417,800. However, Panama City Beach’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Panama City Beach has a population of 18,493 with a median age of 45.2 years. Compare Panama City Beach with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Panama City Beach
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glenvar Heights | 18,488 | $71,067 | $496,200 | Compare |
| Zephyrhills | 18,471 | $49,295 | $191,700 | Compare |
| Bayshore Gardens | 18,324 | $50,896 | $160,700 | Compare |
| Country Walk | 18,693 | $118,881 | $489,400 | Compare |
| San Carlos Park | 18,252 | $80,109 | $284,900 | Compare |
| Gibsonton | 18,831 | $74,049 | $274,300 | Compare |
| Pinecrest | 18,138 | $192,477 | $1,179,400 | Compare |
| Stuart | 18,058 | $64,409 | $291,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Panama City Beach
What is the population of Panama City Beach, FL?
The population of Panama City Beach, FL is 18,493 according to the latest Census data.
What is the median household income in Panama City Beach?
The median household income in Panama City Beach, FL is $78,921 per year.
What is the median home value in Panama City Beach?
The median home value in Panama City Beach, FL is $417,800.
What is the average rent in Panama City Beach?
The median monthly rent in Panama City Beach, FL is $1,737.
What is the unemployment rate in Panama City Beach?
The unemployment rate in Panama City Beach, FL is 2.5%.