BAY COUNTY, FL, DEMOGRAPHICS

Source: Bay EDA (2021)

Population: 172,228
Households: 69,389
Families: 44,583
Average Household Size: 2.43
Median Age: 41.1
 
Age Distribution
0–4                 9,519               5.5%
5–9                 9,697               5.6%
10–14             9,872               5.7%
15–19             8,904               5.2%  
20–24             9,603               5.6%
25–34             24,821             14.4%
35–44             21,710             12.6%
45–54             20,565             11.9%
55–64             24,556             14.3%
65–74             19,399             11.3%
75–84              9,907               5.8%
85+                   3,675               2.1%
 
Population by Sex 
Males: 85,523 (49.6%)
Females: 86,705 (50.4%)

Marital Status 
Never Married: 28.8%
Married: 50.3%
Widowed: 6.9%
Divorced: 14.0%
 
Employment
Labor Force: 92,094
Average Wage: $45,946
Median Household Income:   $59,296           (Projected 2026) $65,151
Average Household Income:   $77,474           (Projected 2026) $87,308
Per Capita Income:                  $31,274           (Projected 2026) $35,20
Unemployment Rate:              2.4% (as of March 2022)
 
Race and Ethnicity 
White, Alone                           138,124           80.2%
Black, Alone                            19,132             11.1%
American Indian, Alone          1,271               0.7%
Asian, Alone                            3,979               2.3%   
Pacific Islander, Alone             251                  0.1%
Other Race, Alone                   2,988               1.7%   
Two or More Races                 6,483               3.8%
Hispanic Origin (Any Race)     12,368             7.2%
 
Real Estate
Source: Florida REALTORS®, March 2022
Existing Single-Family Home, Median Price:  Panama City, FL: $350,000         (Florida: $396,558)
Condo / Townhome, Median Price:  Panama City, FL: $425,000    (Florida: $308,000)

Educational Attainment 
Less than 9th Grade                            2.6%
9th–12th Grade, No Diploma             6.6%
High School Graduate                         24.5%
GED/Alternative Credential                6.2%
Some College, No Degree                   24.2%
Associate Degree                                11.1%
Bachelor's Degree                               15.7%
Graduate/Professional Degree           9.2%
 
Employed Population by Industry 
Agriculture/Mining                 0.8%
Construction                           8.2%
Manufacturing                        6.0%
Wholesale Trade                     1.6%
Retail Trade                             14.1%
Transportation/Utilities          5.5%
Information                             1.2%
Finance/Insurance/Real Estate 6.0%
Services                                   48.8%
Public Administration             7.8%
 
Employed Population by Occupation 
  • White Collar 58.6%
  • Management/Business/Financial 14.3%
  • Professional 22.0%
  • Sales 11.3%
  • Administrative Support 11.0%
Services 18.7%
Blue Collar 22.6%
  • Farming/Forestry/Fishing 0.3%
  • Construction/Extraction 6.1%
  • Installation/Maintenance/Repair 4.0%
  • Production 4.1%
  • Transportation/Material Moving 8.2%