Panama City Beach is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 12,624 people and eight constituent neighborhoods, Panama City Beach is the 182nd largest community in Florida. Much of the housing stock in Panama City Beach was built relatively recently. The construction of new real estate can often be taken as an indication that the local Panama City Beach economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Panama City Beach, where the median household income is $54,406.00.
Panama City Beach is a decidedly white-collar city, with fully 90.81% of the workforce employed in white-collar jobs, well above the national average. Overall, Panama City Beach is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Panama City Beach who work in sales jobs (17.65%), office and administrative support (12.71%), and food service (9.79%).
Another notable thing is that Panama City Beach is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the city experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller city.
Panama City Beach is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
The percentage of people in Panama City Beach who are college-educated is somewhat higher than the average US community of 21.84%: 27.49% of adults in Panama City Beach have at least a bachelor's degree.
The per capita income in Panama City Beach in 2010 was $33,972, which is upper middle income relative to Florida, and wealthy relative to the rest of the US. This equates to an annual income of $135,888 for a family of four. However, Panama City Beach contains both very wealthy and poor people as well.
Panama City Beach is a somewhat ethnically-diverse city. The people who call Panama City Beach home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Panama City Beach residents report their race to be White, followed by Black or African-American. Important ancestries of people in Panama City Beach include Irish, English, Scots-Irish, and Italian.
The most common language spoken in Panama City Beach is English. Other important languages spoken here include Spanish and Gujarathi.