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Economy & jobs Statistics · City estimate

Median household income in Panama City

2013 – 2024 · 12 data points 285 of 386 · Towns of Florida Updated Nov 8, 2026
Economy & jobs · Panama City Bay County Florida United States

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024

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Overview 8 figures People 24 figures Economy 20 figures Housing 8 figures Education 10 figures Tourism 3 figures Climate 8 figures
Latest value · 2024 $62,265 +1.9% since 2023 ± $3,031 · margin of error
Towns of Florida · 2024 285 of 386 Place 1 is the highest value.
since 2014 +66% +4.6% a year on average
vs Bay County −15% Bay County: $73,533 · 2024
Median household income, 2013 – 2024 US Dollar · Panama City · Bay County · Florida · United States
+66% since 2014
Panama City Bay County Florida United States

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024

Compared with Median household income · US Dollar
Panama City
$62,265
Bay County
$73,533
Florida
$74,568
United States
$80,734

Source: U.S. Census Bureau, American Community Survey 5-year estimates

The series at a glance Panama City · 2013 – 2024
Latest value $62,265 · 2024
First value $37,993 · 2013
Highest $62,265 · 2024
Lowest $37,190 · 2015
Average change +4.6% a year on average
Data points 12

By year

All years · 2013 – 2024

YearPanama City±Change Bay CountyFloridaUnited States
2024estimate $62,265 $3,031 +1.9% $73,533 $74,568 $80,734
2023estimate $61,125 $3,004 +6.8% $70,188 $71,711 $78,538
2022estimate $57,221 $2,642 +11% $65,999 $67,917 $75,149
2021estimate $51,569 $3,060 +7.0% $60,473 $61,777 $69,021
2020estimate $48,185 $3,185 +9.6% $56,483 $57,703 —
2019estimate $43,953 $1,989 +6.8% $54,316 $55,660 —
2018estimate $41,161 $2,304 +2.6% $51,829 $53,267 —
2017estimate $40,114 $2,498 +4.5% $50,283 $50,883 —
2016estimate $38,397 $2,904 +3.2% $48,577 $48,900 —
2015estimate $37,190 $2,229 −0.7% $47,368 $47,507 —
2014estimate $37,453 $2,237 −1.4% $47,274 $47,212 —
2013estimate $37,993 $2,534 $47,461 $46,956 —

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024

Ranking · Towns of Florida

2016 · Place 1 is the highest value.

Year: 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Highest first Lowest first A–Z
#TerritoryMedian household income
383 Chokoloskee $2,499
382 Opa-locka $17,933
381 Chiefland $19,583
380 Brownsville $19,796
379 Goulding $21,094
378 Inglis $23,229
377 Gladeview $24,033
376 Otter Creek $24,038
375 University $24,619
374 Inverness $24,829
373 Century $25,114
372 Callahan $25,444
371 Fellsmere $26,053
370 Fort Pierce $26,506
369 Florida City $26,828
368 Belle Glade $26,859
367 Beverly Hills $27,147
366 Dover $27,417
365 Hastings $27,583
364 Immokalee $27,767
363 Pahokee $27,907
362 Holly Hill $28,256
361 Tice $28,554
360 Pinewood $28,805
359 Wewahitchka $29,136
…
300 Dade City $38,038
299 North Miami Beach $38,058
298 Port Richey $38,333
297 Panama City $38,397
296 Vero Beach $38,405
295 Palm River-Clair Mel $38,691
294 Port Charlotte $38,697
…

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2016

What it means

The income in the middle: half the households earn more, half earn less.

How it is calculated

Median of total annual household income from the survey, in dollars of the survey's last year.