Panama City-Lynn Haven-Panama City Beach Florida Household Income
The Census ACS 1-year survey reports that the median household income for the Panama City-Lynn Haven-Panama City Beach Florida metro area was $60,557 in 2021, the latest figures available. Panama City median household income is $2,505 lower than the median Florida household income and $9,160 less than the US median household income. 2022 metro income data (including Panama City median household income) will be released in September of 2023. Median family and per capita income for Panama City-Lynn Haven-Panama City Beach are shown below.
Note: 2020 data is interpolated as the ACS release for the year was incomplete due to data gathering issues related to the pandemic.
Real Median Household Income for Panama City Florida
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $69,717 | -1.64% | +4.32% |
| Florida | $63,062 | -1.47% | +5.38% |
| Panama City | $60,557 | -3.58% | +8.26% |
Trends in Panama City, FL Real Median Household Income since 2005
The current median household income for Panama city is $60,557. Real median household income peaked in 2007 at $64,166 and is now $3,609 (5.62%) lower. From a post peak low of $51,136 in 2014, real median household income for Panama city has now grown by $9,421 (18.42%).
Real Median Household Income: Panama City, Florida, National
Historical Inflation Adjusted Median Household Income for Panama City
| Date | US | Florida | Panama City |
|---|---|---|---|
| 2021 | $69,717 | $63,062 | $60,557 |
| 2020 | $70,877 | $64,000 | $62,806 |
| 2019 | $69,638 | $62,766 | $63,002 |
| 2018 | $66,828 | $59,842 | $55,936 |
| 2017 | $66,687 | $58,130 | $57,025 |
| 2016 | $65,052 | $57,423 | $53,683 |
| 2015 | $63,784 | $56,523 | $54,968 |
| 2014 | $61,468 | $54,372 | $51,136 |
| 2013 | $60,869 | $53,630 | $53,146 |
| 2012 | $60,732 | $53,247 | $54,388 |
| 2011 | $60,969 | $53,480 | $53,494 |
| 2009 | $63,573 | $56,630 | $56,150 |
| 2007 | $66,465 | $62,619 | $64,166 |
| 2005 | $64,310 | $59,013 | $56,604 |
Panama City Family Income
The ACS 1-year data shows the median family income for Panama City was $70,172 in 2021. Compared to the median Florida family income, Panama City median family income is $6,027 lower. As with the median household income data, 2022 family income data for Panama City will be released in September of 2023.
Real Median Family Income for Panama City Florida
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $85,806 | -1.68% | +4.09% |
| Florida | $76,199 | -1.32% | +5.41% |
| Panama City | $70,172 | -4.52% | +1.78% |
Trends in Panama City, FL Real Median Family Income since 2005
The current median family income for Panama city is $70,172. Real median family income peaked in 2007 at $77,307 and is now $7,135 (9.23%) lower. From a post peak low of $62,807 in 2013, real median family income for Panama city has now grown by $7,365 (11.73%).
Real Median Family Income: Panama City, Florida, National
Historical Inflation Adjusted Median Family Income for Panama City
| Date | US | Florida | Panama City |
|---|---|---|---|
| 2021 | $85,806 | $76,199 | $70,172 |
| 2020 | $87,269 | $77,219 | $73,491 |
| 2019 | $85,780 | $75,611 | $74,451 |
| 2018 | $82,434 | $72,285 | $68,948 |
| 2017 | $81,669 | $70,740 | $74,808 |
| 2016 | $80,231 | $69,197 | $67,651 |
| 2015 | $78,061 | $67,859 | $67,563 |
| 2014 | $75,505 | $65,541 | $63,690 |
| 2013 | $74,593 | $64,975 | $62,807 |
| 2012 | $73,920 | $64,758 | $65,019 |
| 2011 | $74,192 | $65,141 | $69,013 |
| 2009 | $77,322 | $67,735 | $67,540 |
| 2007 | $80,131 | $74,621 | $77,307 |
| 2005 | $77,647 | $70,183 | $67,830 |
Panama City Per Capita Income
The ACS 1-year survey shows the per capita income for Panama City was $33,654 in 2021. Compared to the median Florida per capita income, Panama City median per capita income is $2,542 lower. As with the median household and median family income numbers above, 2022 per capita income data for Panama City will be released in September of 2023.
Real Per Capita Income for Panama City Florida
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $38,332 | -1.03% | +5.01% |
| Florida | $36,196 | +0.11% | +6.98% |
| Panama City | $33,654 | -0.92% | +11.29% |
Trends in Panama City, FL Real Per Capita Income since 2005
The current per capita income for Panama city is $33,654. Real per capita income peaked in 2007 at $35,187 and is now $1,533 (4.36%) lower. From a post peak low of $26,748 in 2013, real per capita income for Panama city has now grown by $6,906 (25.82%).
Real Per Capita Income: Panama City, Florida, National
Historical Real Per Capita Income for Panama City
| Date | US | Florida | Panama City |
|---|---|---|---|
| 2021 | $38,332 | $36,196 | $33,654 |
| 2020 | $38,730 | $36,155 | $33,965 |
| 2019 | $37,803 | $34,852 | $33,112 |
| 2018 | $36,503 | $33,835 | $30,241 |
| 2017 | $35,807 | $32,979 | $29,834 |
| 2016 | $35,145 | $32,314 | $29,243 |
| 2015 | $34,284 | $31,674 | $28,812 |
| 2014 | $33,094 | $30,452 | $28,818 |
| 2013 | $32,833 | $30,096 | $26,748 |
| 2012 | $32,297 | $30,061 | $28,459 |
| 2011 | $32,243 | $30,067 | $29,233 |
| 2009 | $33,430 | $31,257 | $27,953 |
| 2007 | $34,959 | $34,970 | $35,187 |
| 2005 | $34,817 | $34,227 | $30,109 |
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