Community Characteristics of Panama City: A Detailed Analysis
Panama City is a vibrant and diverse city located in the heart of Florida’s Gulf Coast. It is a popular destination for tourists and a great place to live for those who enjoy a warm climate, beautiful beaches, and a thriving community. In this article, we will take a detailed look at the community characteristics of Panama City, including its demographics, economy, education, and housing market.
Demographics
Panama City has a population of approximately 36,000 people, with a median age of 39 years old. The city is diverse, with a mix of ethnicities and cultures. The majority of the population is White, followed by African American, Hispanic, and Asian. The city has a slightly higher percentage of females than males, with women making up 52% of the population.
Economy
Panama City’s economy is driven by tourism, military, and healthcare industries. The city is home to Tyndall Air Force Base, which employs over 5,000 people. The healthcare industry is also a significant employer, with Bay Medical Center and Gulf Coast Regional Medical Center providing jobs for over 2,000 people. The tourism industry is a major contributor to the local economy, with visitors coming to enjoy the city’s beautiful beaches, parks, and attractions.
Education
Panama City has a strong education system, with several public and private schools serving the community. The Bay District School System operates 28 schools, including 19 elementary schools, 4 middle schools, and 5 high schools. The district has a graduation rate of 86%, which is higher than the state average. The city is also home to several higher education institutions, including Gulf Coast State College and Florida State University Panama City.
Housing Market
The housing market in Panama City is diverse, with a mix of single-family homes, townhouses, and condominiums. The median home value in the city is $174,000, which is slightly lower than the state average. The rental market is also strong, with a median rent of $1,100 per month. The city has a mix of new and older homes, with many properties located near the beach or in desirable neighborhoods.
FAQs
Q: What is the cost of living in Panama City?
A: The cost of living in Panama City is slightly lower than the national average. Housing, healthcare, and transportation costs are lower than the national average, while food and utility costs are slightly higher.
Q: What are the best neighborhoods to live in Panama City?
A: Some of the best neighborhoods in Panama City include St. Andrews, Cove, and Lynn Haven. These neighborhoods offer a mix of affordable housing, good schools, and access to amenities.
Q: What are the top attractions in Panama City?
A: Some of the top attractions in Panama City include St. Andrews State Park, Gulf World Marine Park, and Shipwreck Island Waterpark. The city also has a vibrant downtown area with shops, restaurants, and entertainment venues.
Conclusion
Panama City is a diverse and thriving community with a strong economy, excellent education system, and affordable housing market. The city’s beautiful beaches, parks, and attractions make it a popular destination for tourists, while its strong job market and quality of life make it a great place to live. Whether you are a real estate investor, homeowner, first-time home buyer, or real estate agent, Panama City is a city worth considering.
