This rating is a weighted average of commute time, crime rate, population, median salary, and more.
This score adds annual household income and cost of living to the city rating.
Density (Population per mile²)
Compared to New York, Panama City has a very low population density. Panama City is perfect for those who like a quiet city.
With a quality of life rating of 6/10 and an overall value of 5/10, there are many things to love about Panama City, FL, but there are also a few factors that may not be the best fit for everyone. Most homeowners will be happy in Panama City, but be sure to visit first to make sure it’s the best place for you.
Population density is a way of determining how crowded an area is. Panama City has a population density of 1,770, with 36,319 current residents.
Out of the 36,319 current residents, 49% are male and 51% are female. 54% of the residents are married and 46% are single.
- 65% Sun
- 65% Rain
- 0% Snow
65°F average temperature
- 37 years Median home age
- $122,760 Median home price
- -7.86% Home appreciation rate
- 7.22% Annual property tax
As for living in Panama City, the air quality is 65% and the weather, on average, is 65% sunny, 65% rainy, and 0% snowy. The average temperature is 65°F.
Whether you’re looking to buy or rent a home in Panama City, you should know that 51.9% of homes are owned while 38.1% of homes are rented, and 10% of homes are vacant. The median price of a home is $122,760, the median age of homes is 37 years, the annual home appreciation is -7.86% and the annual property tax is 7.22%.
Crime rate (per 100,000)9
When looking at the community of Panama City, it’s important to determine the crime rate. Panama City’s crime rate is 9 total number of crimes reported per 100,000 total population. The average age of residents in Panama City is 38 years and the breakdown of political affiliations is 29.07% Democratic, 69.66% Republican, and 1.27% Independent.
Student teacher ratio 1:16
Management, Business, Art & Sciences
Sales & Office Occupations
Production, Transportation & Material Moving
Natural Resources, Construction & Maintenance
80%High school diploma
8%Some college or associates degree
7%Graduate or professional degree
When looking at Panama City, it’s important to understand employment statistics. 9.70% of residents are unemployed in Panama City (which does not include the percentage of residents who are no longer in the labor force). Of the employed Panama City residents: 11.1% of employed residents work in the management and business field, 21.31% are in the arts and sciences field, 20.6% are in the customer service field, 27.6% are in the sales field, 0.38% work in farming, fishing, and forestry, 8.5% of employed residents work in the construction field, and 10.5% work in production. When it comes to education, the ratio of teachers to students is 1:16. The percentage of residents who have graduated high school is 79.56%, 7.58% of residents have an associate’s degree, 11.63% of residents have a bachelor’s degree, and 7.49% have a master’s degree.
Average commute time
Daily breakdown: by transport type
Work at home
If you plan on commuting to work in Panama City, you should be aware that the average commute time is 20 minutes, compared to the national average commute time of 26 minutes. When it comes to commuting, residents of Panama City have a few different options. 80% of commuters use their own cars, 14% of commuters carpool, 1% of commuters use the transit system, and 2% of residents work from home.