City of Panama City, FL
Panama City is located in Bay County in Florida. The median income is $39,072 and the median home value is $143,600. The unemployment rate is 13.80% compared to 7.9% for the U.S. as a whole. Workers commute an average of 18.7 minutes each day. The population is 73.5% White, 19.4% Black, 0.5% American Indian, 2.3% Asian, and 4.4% identify as some other race or ethnicity. For more on the schools, healthcare, and getting around in Panama City, see each of the tabs below. For those people interested in the walkability of a community, Panama City has a Walk Score® of 32.
Median Household Income$39,072
Median Home Price$143,600
Fans of fun, rejoice. Downtown Panama City is especially alive during Friday Fest, which is held the first Friday of the month, March through November. Local businesses stay open until 8 p.m. and festivities run until 10 p.m., with plenty of music, food and fun, including classic car shows, to be enjoyed. Live entertainment is featured at a variety of venues, including 4th Street Stage, 5th Street Stage, Maddie’s Stage, Gateway Park and Cassandra’s Stage.
Ten years ago, “downtown was pretty much non-existent” says Downtown Improvement Board Director Dutch Sanger. “It was full of boarded-up buildings as customers moved to the malls.” Now Sanger couldn’t be more effusive. “We have 85 percent occupancy, and it’s rising,” he says. “The city installed all new infrastructure, fixed building facades, put in new light-posts, nice bricks and landscaping.”
Think Panama's all about the party? Think again. This city holds enough attractions to keep guests of all ages happy. First and foremost, there's the beach. Panama City's beaches have been attracting Spring-Break goers and families alike for years, with no signs of slowing down.
Anyone looking for fun and fine dining will find it in Panama City.
Panama City may be a seaside paradise, but the city offers much more than just its famous beaches.
Shop ’til you drop? It could literally be possible at the spacious new Pier Park mall. The 900,000-square-foot open-air complex debuted in 2008 and already has become a shopping destination for the Panama City market and the entire Emerald Coast. There will ultimately be 100 retailers at Pier Park, anchored by Dillard’s, Target, J.C. Penney, Borders, Old Navy, Ron Jon Surf Shop, The Grand 16 Theatres and Jimmy Buffett’s Margaritaville.