Panama City has a population of approximately 34,521 and experiences a population change rate of -5.21%. The population density is 986.3 / sq mi .
Panama City has a population of approximately 34,521 and experiences a population change rate of -5.21%. The population density is 986.3 / sq mi .
The median household income for Panama City is $51,569, with 14,667 households and an average household size of 2.32.
The median value of a home in Panama City is $252,800 with an appreciation rate of 25.00%. 49.20% of housing in the state is owned while 40.89% is rented.
The cost of living in Panama City is 99.8 %.
The unemployment rate in Panama City is 2.20%, and recent job growth is at 2.99%. Future job growth is projected at 53.88%.
The sales tax rate in Panama City is 7.00%, while the income tax rate is 0.00% .
School expenditures in Panama City are $13,432, and the school ratio is 18.3:1.
The average high temperature in July is 90 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 59.8 inches per year, with 0 inches of snow per year.