The median household income in Panama City, FL in 2022 was $57,434, which was 20.7% less than the median annual income of $69,303 across the entire state of Florida. Compared to the median income of $31,572 in 2000 this represents an increase of 45.0%. The per capita income in 2022 was $37,762, which means an increase of 52.8% compared to 2000 when it was $17,830.
Whole page based on the data from 2000 / 2022 when the population of Panama City, Florida was 36,417 / 35,026
Income statistics for all residents
Median household income in Panama City, FL in 2022:
Panama City:
$57,434
Florida:
$69,303
Change in median household income between 2000 and 2022:
Panama City, Florida:
+81.9%
State:
+78.5%
Number of households with income < $10k:
Panama City:
7.1% (1,092)
State:
5.6% (495,572)
Number of households with income $10k - 20k:
Panama City:
8.3% (1,289)
State:
6.9% (612,816)
Number of households with income $20k - 30k:
Panama City:
7.5% (1,163)
State:
7.7% (679,608)
Number of households with income $30k - 40k:
Panama City:
11.6% (1,790)
State:
8.0% (710,126)
Number of households with income $40k - 50k:
Panama City:
11.4% (1,766)
State:
7.8% (687,940)
Number of households with income $50k - 60k:
Panama City:
6.8% (1,052)
State:
7.6% (675,076)
Number of households with income $60k - 75k:
Panama City:
9.9% (1,526)
State:
9.7% (858,354)
Number of households with income $75k - 100k:
Panama City:
13.9% (2,146)
State:
13.4% (1,181,540)
Number of households with income $100k - 125k:
Panama City:
10.0% (1,541)
State:
9.6% (851,620)
Number of households with income $125k - 150k:
Panama City:
3.1% (486)
State:
6.4% (560,854)
Number of households with income $150k - 200k:
Panama City:
3.8% (584)
State:
7.7% (677,227)
Number of households with income > $200k:
Panama City:
6.6% (1,016)
State:
9.5% (835,661)
Aggregate household income in Panama City in 2022: $1,315,578,754
Median family income in Panama City in 2022:
Panama City:
$72,783
State:
$83,410
Number of families with income < $10k:
Panama City:
4.5% (400)
State:
3.5% (196,709)
Number of families with income $10k - 20k:
Panama City:
5.9% (517)
State:
3.9% (220,255)
Number of families with income $20k - 30k:
Panama City:
4.7% (413)
Florida:
5.8% (332,003)
Number of families with income $30k - 40k:
Panama City:
12.2% (1,076)
State:
6.9% (391,565)
Number of families with income $40k - 50k:
Panama City:
8.5% (747)
State:
7.2% (407,691)
Number of families with income $50k - 60k:
Panama City:
6.1% (539)
Florida:
7.3% (415,240)
Number of families with income $60k - 75k:
Panama City:
10.6% (938)
State:
10.2% (580,095)
Number of families with income $75k - 100k:
Panama City:
16.1% (1,417)
State:
14.6% (830,079)
Number of families with income $100k - 125k:
Panama City:
12.4% (1,095)
Florida:
11.3% (640,676)
Number of families with income $125k - 150k:
Panama City:
4.5% (393)
State:
7.8% (442,580)
Number of families with income $150k - 200k:
Panama City:
5.4% (475)
State:
9.4% (536,171)
Number of families with income > $200k:
Panama City:
9.0% (797)
Florida:
12.2% (691,335)
Median non-family income in Panama City in 2022:
Panama City:
$39,500
State:
$43,665
Change in median non-family income between 2000 and 2022:
Panama City, Florida:
+108.0%
State:
+76.1%
Median per capita income in Panama City in 2022:
Panama City:
$37,763
State:
$40,278
Change in median per capita income between 2000 and 2022:
Panama City, Florida:
+111.8%
State:
+86.8%
Income statistics for White residents
Median household income in Panama City, FL in 2022:
Panama City:
$67,915
State:
$74,559
Change in median household income between 2000 and 2022:
Panama City, Florida:
+93.7%
State:
+82.7%
Number of households with income < $10k:
Panama City:
5.3% (546)
Florida:
4.9% (270,741)
Number of households with income $10k - 20k:
Panama City:
6.0% (622)
Florida:
6.1% (337,688)
Number of households with income $20k - 30k:
Panama City:
7.5% (781)
Florida:
7.2% (395,954)
Number of households with income $30k - 40k:
Panama City:
7.7% (799)
State:
7.5% (411,553)
Number of households with income $40k - 50k:
Panama City:
10.8% (1,118)
State:
7.5% (410,613)
Number of households with income $50k - 60k:
Panama City:
6.8% (707)
State:
7.6% (416,709)
Number of households with income $60k - 75k:
Panama City:
11.6% (1,202)
State:
9.5% (523,639)
Number of households with income $75k - 100k:
Panama City:
14.5% (1,511)
State:
13.3% (732,030)
Number of households with income $100k - 125k:
Panama City:
12.2% (1,269)
State:
10.2% (559,463)
Number of households with income $125k - 150k:
Panama City:
3.5% (367)
Florida:
6.9% (379,323)
Number of households with income $150k - 200k:
Panama City:
5.4% (558)
Florida:
8.3% (456,076)
Number of households with income > $200k:
Panama City:
8.7% (909)
State:
11.1% (610,258)
Aggregate household income in Panama City in 2022: $1,005,482,139
Median family income in Panama City in 2022:
Panama City:
$82,957
Florida:
$93,222
Number of families with income < $10k:
Panama City:
4.2% (257)
State:
2.6% (89,721)
Number of families with income $10k - 20k:
Panama City:
2.2% (131)
State:
3.0% (101,720)
Number of families with income $20k - 30k:
Panama City:
4.3% (259)
State:
4.5% (154,795)
Number of families with income $30k - 40k:
Panama City:
5.4% (326)
Florida:
5.7% (194,218)
Number of families with income $40k - 50k:
Panama City:
7.9% (479)
Florida:
6.4% (219,550)
Number of families with income $50k - 60k:
Panama City:
7.4% (451)
State:
7.0% (238,045)
Number of families with income $60k - 75k:
Panama City:
12.5% (756)
State:
9.6% (328,141)
Number of families with income $75k - 100k:
Panama City:
16.8% (1,018)
Florida:
14.8% (503,988)
Number of families with income $100k - 125k:
Panama City:
14.2% (864)
State:
12.0% (409,184)
Number of families with income $125k - 150k:
Panama City:
5.1% (312)
Florida:
8.8% (298,895)
Number of families with income $150k - 200k:
Panama City:
7.7% (469)
State:
10.6% (359,290)
Number of families with income > $200k:
Panama City:
12.2% (742)
State:
14.9% (507,279)
Median non-family income in Panama City in 2022:
Panama City:
$41,594
State:
$46,674
Change in median non-family income between 2000 and 2022:
Panama City, Florida:
+97.6%
State:
+81.2%
Median per capita income in Panama City in 2022:
Panama City:
$45,791
Florida:
$48,094
Change in median per capita income between 2000 and 2022:
Panama City, Florida:
+134.1%
State:
+101.1%
Income statistics for Black or African American residents
Median household income in Panama City, FL in 2022:
Panama City:
$34,138
State:
$52,796
Change in median household income between 2000 and 2022:
Panama City, Florida:
+71.4%
State:
+88.3%
Number of households with income < $10k:
Panama City:
14.3% (498)
State:
8.6% (101,054)
Number of households with income $10k - 20k:
Panama City:
18.4% (641)
State:
9.3% (110,079)
Number of households with income $20k - 30k:
Panama City:
11.7% (410)
State:
10.4% (122,525)
Number of households with income $30k - 40k:
Panama City:
23.9% (835)
State:
10.6% (124,619)
Number of households with income $40k - 50k:
Panama City:
7.4% (259)
State:
8.7% (102,300)
Number of households with income $50k - 60k:
Panama City:
9.3% (324)
State:
8.1% (95,745)
Number of households with income $60k - 75k:
Panama City:
2.1% (73)
Florida:
10.1% (118,757)
Number of households with income $75k - 100k:
Panama City:
8.2% (287)
State:
12.3% (144,919)
Number of households with income $100k - 125k:
Panama City:
2.3% (82)
Florida:
8.1% (95,395)
Number of households with income $125k - 150k:
Panama City:
0.9% (33)
State:
4.5% (53,276)
Number of households with income $150k - 200k:
Panama City:
0.8% (28)
State:
5.4% (63,827)
Number of households with income > $200k:
Panama City:
0.6% (20)
State:
3.9% (45,695)
Aggregate household income in Panama City in 2022: $144,855,395
Median family income in Panama City in 2022:
Panama City:
$33,256
Florida:
$62,875
Number of families with income < $10k:
Panama City:
6.9% (112)
State:
6.1% (46,041)
Number of families with income $10k - 20k:
Panama City:
13.5% (218)
Florida:
6.1% (45,591)
Number of families with income $20k - 30k:
Panama City:
14.5% (234)
Florida:
9.2% (69,363)
Number of families with income $30k - 40k:
Panama City:
19.4% (314)
State:
10.1% (75,779)
Number of families with income $40k - 50k:
Panama City:
6.7% (109)
Florida:
8.4% (63,129)
Number of families with income $50k - 60k:
Panama City:
8.2% (132)
Florida:
7.6% (56,971)
Number of families with income $60k - 75k:
Panama City:
5.8% (94)
State:
11.5% (86,172)
Number of families with income $75k - 100k:
Panama City:
7.6% (123)
State:
13.7% (102,895)
Number of families with income $100k - 125k:
Panama City:
12.3% (198)
State:
10.0% (74,750)
Number of families with income $125k - 150k:
Panama City:
1.8% (29)
Florida:
5.6% (42,384)
Number of families with income $150k - 200k:
Panama City:
2.1% (34)
Florida:
6.9% (51,824)
Number of families with income > $200k:
Panama City:
1.2% (20)
State:
4.8% (36,292)
Median non-family income in Panama City in 2022:
Panama City:
$25,114
State:
$34,782
Median per capita income in Panama City in 2022:
Panama City:
$24,657
State:
$26,700
Change in median per capita income between 2000 and 2022:
Panama City, Florida:
+95.3%
Florida:
+112.2%
Income statistics for Asian residents
Median household income in Panama City, FL in 2022:
Panama City:
$40,602
Florida:
$89,645
Change in median household income between 2000 and 2022:
Panama City, Florida:
+2.4%
State:
+100.2%
Number of households with income < $10k:
Panama City:
17.6% (39)
Florida:
4.8% (10,378)
Number of households with income $10k - 20k:
Panama City:
20.8% (46)
State:
5.7% (12,222)
Number of households with income $20k - 30k:
Panama City:
12.7% (28)
Florida:
5.9% (12,739)
Number of households with income $30k - 40k:
Panama City:
0.0% (0)
State:
5.9% (12,759)
Number of households with income $40k - 50k:
Panama City:
8.1% (18)
Florida:
5.6% (12,009)
Number of households with income $50k - 60k:
Panama City:
5.9% (13)
Florida:
6.5% (14,158)
Number of households with income $60k - 75k:
Panama City:
14.0% (31)
State:
7.7% (16,568)
Number of households with income $75k - 100k:
Panama City:
8.6% (19)
State:
12.6% (27,273)
Number of households with income $100k - 125k:
Panama City:
0.5% (1)
State:
10.1% (21,821)
Number of households with income $125k - 150k:
Panama City:
5.0% (11)
Florida:
8.2% (17,650)
Number of households with income $150k - 200k:
Panama City:
0.0% (0)
State:
11.2% (24,296)
Number of households with income > $200k:
Panama City:
6.8% (15)
State:
15.9% (34,363)
Aggregate household income in Panama City in 2022: $25,530,311
Median family income in Panama City in 2022:
Panama City:
$82,060
State:
$101,833
Number of families with income $40k - 50k:
Panama City:
13.2% (6)
State:
4.6% (7,273)
Number of families with income $50k - 60k:
Panama City:
6.5% (3)
State:
6.6% (10,375)
Number of families with income $60k - 75k:
Panama City:
41.6% (20)
State:
8.1% (12,670)
Number of families with income $75k - 100k:
Panama City:
13.8% (7)
Florida:
12.6% (19,764)
Number of families with income $100k - 125k:
Panama City:
2.1% (1)
State:
10.6% (16,619)
Number of families with income $125k - 150k:
Panama City:
22.9% (11)
Florida:
9.2% (14,478)
Median per capita income in Panama City in 2022:
Panama City:
$70,811
State:
$46,365
Income statistics for Hispanic or Latino residents
Median household income in Panama City, FL in 2022:
Panama City:
$58,833
State:
$64,482
Change in median household income between 2000 and 2022:
Panama City, Florida:
+52.2%
Florida:
+87.8%
Number of households with income < $10k:
Panama City:
0.8% (8)
Florida:
5.9% (120,841)
Number of households with income $10k - 20k:
Panama City:
7.9% (75)
Florida:
7.8% (158,824)
Number of households with income $20k - 30k:
Panama City:
8.3% (79)
State:
7.8% (158,797)
Number of households with income $30k - 40k:
Panama City:
15.5% (147)
State:
8.4% (171,736)
Number of households with income $40k - 50k:
Panama City:
8.7% (83)
Florida:
8.5% (174,397)
Number of households with income $50k - 60k:
Panama City:
9.6% (91)
State:
7.9% (160,816)
Number of households with income $60k - 75k:
Panama City:
16.9% (160)
State:
10.6% (215,567)
Number of households with income $75k - 100k:
Panama City:
15.2% (144)
State:
14.1% (288,590)
Number of households with income $100k - 125k:
Panama City:
11.1% (105)
State:
9.4% (192,146)
Number of households with income $125k - 150k:
Panama City:
1.3% (12)
State:
5.7% (115,883)
Number of households with income $150k - 200k:
Panama City:
0.4% (4)
Florida:
6.8% (139,384)
Number of households with income > $200k:
Panama City:
4.3% (41)
State:
7.0% (143,116)
Aggregate household income in Panama City in 2022: $82,592,038
Median family income in Panama City in 2022:
Panama City:
$53,873
State:
$70,631
Number of families with income < $10k:
Panama City:
1.2% (8)
State:
4.3% (62,648)
Number of families with income $10k - 20k:
Panama City:
12.7% (89)
Florida:
4.8% (70,980)
Number of families with income $20k - 30k:
Panama City:
9.3% (65)
Florida:
7.7% (112,768)
Number of families with income $30k - 40k:
Panama City:
19.2% (134)
Florida:
8.3% (121,408)
Number of families with income $40k - 50k:
Panama City:
13.2% (92)
State:
8.6% (127,058)
Number of families with income $50k - 60k:
Panama City:
7.1% (50)
State:
8.2% (121,066)
Number of families with income $60k - 75k:
Panama City:
15.9% (111)
State:
11.3% (165,746)
Number of families with income $75k - 100k:
Panama City:
8.7% (61)
State:
14.5% (213,504)
Number of families with income $100k - 125k:
Panama City:
9.7% (68)
State:
10.3% (151,829)
Number of families with income $125k - 150k:
Panama City:
1.8% (12)
State:
6.4% (93,499)
Number of families with income > $200k:
Panama City:
1.2% (8)
State:
8.1% (118,912)
Median per capita income in Panama City in 2022:
Panama City:
$20,725
State:
$30,491
Change in median per capita income between 2000 and 2022:
Panama City, Florida:
+63.9%
State:
+100.6%
Income statistics for American Indian and Alaska Native residents
Median household income in Panama City, FL in 2022:
Panama City:
$49,841
State:
$70,243
Change in median household income between 2000 and 2022:
Panama City, Florida:
+117.5%
State:
+114.1%
Number of households with income < $10k:
Panama City:
14.8% (24)
State:
5.8% (1,524)
Number of households with income $10k - 20k:
Panama City:
1.2% (2)
State:
5.2% (1,374)
Number of households with income $20k - 30k:
Panama City:
7.4% (12)
State:
9.5% (2,512)
Number of households with income $30k - 40k:
Panama City:
3.1% (5)
Florida:
5.4% (1,420)
Number of households with income $40k - 50k:
Panama City:
26.5% (43)
State:
10.0% (2,632)
Number of households with income $50k - 60k:
Panama City:
0.0% (0)
State:
5.5% (1,437)
Number of households with income $60k - 75k:
Panama City:
0.0% (0)
Florida:
13.9% (3,664)
Number of households with income $75k - 100k:
Panama City:
46.9% (76)
State:
16.0% (4,217)
Number of households with income $100k - 125k:
Panama City:
0.0% (0)
State:
9.4% (2,483)
Number of households with income $125k - 150k:
Panama City:
0.0% (0)
Florida:
4.6% (1,204)
Number of households with income $150k - 200k:
Panama City:
0.0% (0)
State:
8.7% (2,294)
Number of households with income > $200k:
Panama City:
0.0% (0)
State:
6.1% (1,604)
Aggregate household income in Panama City in 2022: $7,467,857
Median non-family income in Panama City in 2022:
Panama City:
$77,000
State:
$40,656
Median per capita income in Panama City in 2022:
Panama City:
$10,139
State:
$25,874
Change in median per capita income between 2000 and 2022:: -10.6%
Panama City, Florida:
-10.6%
State:
+55.9%
Income statistics for Multirace residents
Median household income in Panama City, FL in 2022:
Panama City:
$69,979
State:
$66,563
Change in median household income between 2000 and 2022:
Panama City, Florida:
+101.0%
Florida:
+110.9%
Number of households with income < $10k:
Panama City:
4.0% (48)
State:
5.8% (83,509)
Number of households with income $10k - 20k:
Panama City:
10.3% (123)
Florida:
8.3% (119,018)
Number of households with income $20k - 30k:
Panama City:
10.4% (125)
State:
7.6% (108,964)
Number of households with income $30k - 40k:
Panama City:
15.3% (183)
State:
7.8% (112,273)
Number of households with income $40k - 50k:
Panama City:
10.8% (129)
State:
8.1% (116,736)
Number of households with income $50k - 60k:
Panama City:
0.5% (6)
State:
7.5% (108,182)
Number of households with income $60k - 75k:
Panama City:
25.7% (308)
Florida:
10.0% (142,830)
Number of households with income $75k - 100k:
Panama City:
2.8% (34)
State:
14.3% (205,066)
Number of households with income $100k - 125k:
Panama City:
14.6% (175)
Florida:
9.1% (130,357)
Number of households with income $125k - 150k:
Panama City:
2.0% (24)
State:
5.8% (83,865)
Number of households with income $150k - 200k:
Panama City:
3.7% (44)
State:
7.2% (103,107)
Number of households with income > $200k:
Panama City:
0.0% (0)
State:
8.4% (120,637)
Aggregate household income in Panama City in 2022: $80,640,189
Median non-family income in Panama City in 2022:
Panama City:
$60,361
State:
$40,061
Median per capita income in Panama City in 2022:
Panama City:
$14,545
State:
$31,893
Change in median per capita income between 2000 and 2022:
Panama City, Florida:
+36.4%
State:
+136.0%
Income statistics for other residents
Median household income in Panama City, FL in 2022:
Panama City:
$56,125
State:
$61,316
Number of households with income < $10k:
Panama City:
2.1% (11)
Florida:
6.1% (28,059)
Number of households with income $10k - 20k:
Panama City:
9.8% (51)
Florida:
7.0% (32,348)
Number of households with income $20k - 30k:
Panama City:
5.5% (29)
Florida:
8.0% (36,819)
Number of households with income $30k - 40k:
Panama City:
12.6% (66)
State:
10.2% (47,209)
Number of households with income $40k - 50k:
Panama City:
0.0% (0)
State:
9.3% (43,006)
Number of households with income $50k - 60k:
Panama City:
7.3% (38)
Florida:
8.2% (38,018)
Number of households with income $60k - 75k:
Panama City:
16.8% (88)
State:
11.4% (52,577)
Number of households with income $75k - 100k:
Panama City:
26.0% (136)
State:
14.6% (67,588)
Number of households with income $100k - 125k:
Panama City:
5.4% (28)
Florida:
9.0% (41,737)
Number of households with income $125k - 150k:
Panama City:
0.0% (0)
Florida:
5.4% (24,841)
Number of households with income $150k - 200k:
Panama City:
0.0% (0)
Florida:
5.9% (27,334)
Number of households with income > $200k:
Panama City:
14.5% (76)
State:
5.0% (22,928)
Aggregate household income in Panama City in 2022: $35,310,319
Median family income in Panama City in 2022:
Panama City:
$33,426
Florida:
$63,742
Number of families with income < $10k:
Panama City:
3.9% (11)
State:
5.2% (17,633)
Number of families with income $20k - 30k:
Panama City:
9.3% (27)
State:
7.7% (26,250)
Number of families with income $30k - 40k:
Panama City:
29.5% (85)
State:
10.2% (34,439)
Number of families with income $40k - 50k:
Panama City:
21.7% (62)
Florida:
9.5% (32,195)
Number of families with income $60k - 75k:
Panama City:
12.5% (36)
Florida:
12.2% (41,408)
Number of families with income $75k - 100k:
Panama City:
12.0% (35)
State:
14.5% (49,136)
Number of families with income > $200k:
Panama City:
11.1% (32)
State:
5.1% (17,418)
Median non-family income in Panama City in 2022:
Panama City:
$45,170
Florida:
$40,974
Change in median non-family income between 2000 and 2022:: -25.4%
Panama City, Florida:
-25.4%
State:
+84.1%
Median per capita income in Panama City in 2022:
Panama City:
$24,166
State:
$27,276
Change in median per capita income between 2000 and 2022:
Panama City, Florida:
+133.8%
State:
+138.6%
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-10.6%
+55.9%
