ZIP Code 32401 — Panama City city, FL Demographics & Data

ZIP code 32401 covers Panama City, FL in Bay County with a population of about 18,394.

At a glance, the area shows median age of 42.6 versus a U.S. median of about 38.9.

It sits in telephone area codes 448, 850; U.S. House district FL-2; the PANAMA CITY media market.

Median household income in ZIP 32401 is about $49,901 — about 34% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 16.3%; unemployment rate near 5.3%; 19.9% of adults with a bachelor’s degree or higher (about 13.9 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Food services, and Construction; about 6.9% of workers reporting work-from-home (about 8.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $207,000 — about 41% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $957 (about 18% below the U.S. median rent ($1,163)), and owner-occupancy near 58.9% (about 6.5 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 32401 in Panama City, FL, a household would need roughly $57,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,330. That is roughly in line with the local median household income ($49,901). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Panama City city, FL as Relatively Moderate (composite score 94.1), which is among the highest nationally. The strongest component scores on US5 are hurricane (98.7) and wildfire (75.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Panama City city, FL show little to no average snow.

IRS migration statistics show a net inflow of about 823 for ZIP 32401 (Panama City city, FL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.