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Panama City, Florida Information
Panama City is a city and the county seat of Bay County, Florida, United States. Located along U.S. Route 98, it is the largest city between Tallahassee and Pensacola. It is the more populated of two principal cities of the Panama City-Lynn Haven, Florida Metropolitan Statistical Area. As of the 2010 census, the city population was 36,484. When Panama City was incorporated in 1909, its original city limits were 15th Street (Hwy 98) on the north, Balboa Avenue on the west and Bay Avenue on the east.
As of the census of 2010, there were 36,484 people, 14,792 households, and 8,613 families residing in the city. The population density was 1,245.2 people per square mile (481.3/km2). There were 17,438 housing units at an average density of 595.2 per square mile (230.1/km2). As of the census of 2010, The racial makeup of the city is 71.6% White, 22.0% African American,1.6% Asian, 0.5% Native American, 0.1% Pacific Islander, 2.9% from two or more races. 5.1% Hispanic or Latino of any race.
There were 14,792 households, out of which 23.6% had children under the age of 18 living with them, 36.3% were headed by married couples living together, 6.8% had a female householder with no husband present, and 41.8% were non-families. 34.1% of all households were made up of individuals, and 13.0% were someone living alone who was 65 years of age or older. The average household size was 2.28, and the average family size was 2.91.
In the city the population was 20.7% under the age of 18, 10.2% from 18 to 24, 25.9% from 25 to 44, 26.9% from 45 to 64, and 16.3% who were 65 years of age or older. The median age was 39.7 years. For every 100 females there were 96.3 males. For every 100 females age 18 and over, there were 95.2 males.
Panama City is located at 30°10′28″N 85°39′52″W (30.174451, -85.664480), within the Florida Panhandle and along the Emerald Coast. According to the United States Census Bureau, the city limits encompass an area of 35.4 square miles (91.8 km2), of which 29.3 square miles (75.8 km2) is land and 6.2 square miles (16.0 km2), or 17.39%, is water.
Panama City has a humid subtropical climate, with short, mild winters and long, hot and humid summers. In January, temperatures fall to 37°F (3°C), and in summer, rise to 91°F (33°C), although in the winter of 2010, temperatures plummeted to 15°F (-9°C).
Hurricanes often impact the city, the last being in 1998 when Hurricane Earl brought winds exceeding 80 miles per hour (130 km/h).
Panama City’s public schools are operated by Bay District Schools. A system of Charter Schools, Bay Haven Schools, also services the Panama City area. Private schools in the city include, Holy Nativity Episcopal School, Covenant Christian School. Gulf Coast State College, formerly Gulf Coast Community College, is now a 4 year state college. Satellite campuses of Florida State University Panama City Campus and Troy University are located in the city. Embry Riddle Aeronautical University has a satellite campus on Tyndall Air Force Base.
As of the 2000 census, the median income for a household in the city was $31,572, and the median income for a family was $40,890. Males had a median income of $30,401 versus $21,431 for females. The per capita income for the city was $17,830. About 12.1% of families and 17.2% of the population were below the poverty line, including 24.5% of those under age 18 and 14.9% of those age 65 or over.
Major employers in the Bay County area include Gulf Power, Eastern Shipbuilding, Rock-Tenn (formerly Smurfit-Stone Container), and Arizona Chemical.
In 2006, Panama City was named the best place to invest in real estate in the US by CNN’s Business 2.0 magazine.