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The total population of Panama City Beach is estimated to be 18,281 with 9,229 males (50.48%) and 9,052 females (49.52%). There are 177 less females than males in Panama City Beach.
The median household income in Panama City Beach was $75,805 in 2021, which marked an an increase of 1,864(2.52%) from $73,941 in 2020. This income is 101.61% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Panama City Beach sees its highest median household income among householders in the age group of 45 to 64 years old, at $78,098. Overall, the median household income for the city of Panama City Beach stands at $75,805.
In Panama City Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $49,731 for males and $30,630 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,166 for males and $46,035 for females.
In Panama City Beach, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $163,229, while Black or African American households represent the opposite end with the lowest median household income of $28,398.
In 2022, the population of Panama City Beach was 19,056, a 3.75% increase year-by-year from 2021. Previously, in 2021, Panama City Beach's population was 18,368, an increase of 1.93% compared to a population of 18,021 in 2020.
The median age in Panama City Beach, FL is 44.8, as per 2021 ACS 5-Year Estimates. Of the total population, 13.62% were under the age of 15, 18.67% aged 15 to 29, 50.41% aged 30 to 64, 15.51% aged 65 to 84, and 1.79% were 85 years of age and older.
Racial distribution of Panama City Beach population: 80.58% are White, 8.49% are Black or African American, 0.81% are American Indian and Alaska Native, 2.39% are Asian, 3.06% are some other race and 4.66% are multiracial.