How many renters in Panama City, FL pay more than 30% of their income on rent?

Name: Rent burden in Panama City, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

64.2% (±7.0 points) of renting households in Panama City, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

46.6% spend 35% or more.

The median renting household spends 34.0% of its income on rent.

Figures last updated on November 12, 2026.

Paying 30% or more: 64.2% (±7.0 points)
Paying 35% or more: 46.6% (±5.4 points)
Median share of income: 34.0% (±1.5 points)

Rent as a share of income in Panama City

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	Panama City	Bay County	Florida	United States
Less than 15%	4.5% (±1.8 points)	6.4%	8.1%	12.6%
15% to 19.9%	11.7% (±4.4 points)	10.2%	9.3%	12.2%
20% to 24.9%	10.5% (±3.6 points)	14.0%	11.3%	12.6%
25% to 29.9%	9.1% (±3.4 points)	9.3%	11.3%	11.5%
30% to 34.9%	17.6% (±4.5 points)	14.4%	9.8%	9.2%
35% or more	46.6% (±5.4 points)	45.7%	50.2%	41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Panama City against Bay County, its state and the nation

Estimate (90% margin of error)
	Panama City	Bay County	Florida	United States
Paying 30% or more	64.2% (±7.0 points)	60.1% (±3.6 points)	60.0% (±0.4 points)	51.1%
Paying 35% or more	46.6% (±5.4 points)	45.7% (±2.8 points)	50.2% (±0.4 points)	41.9%
Median share of income	34.0% (±1.5 points)	33.5% (±0.9 points)	35.2% (±0.3 points)	30.6%
Median renter household income	$42,376 (±$7,568)	$53,005 (±$2,559)	$53,617 (±$353)	$52,966
Median gross rent	$1,327 (±$53)	$1,484 (±$39)	$1,669 (±$5)	$1,413

In Panama City, the share of renters paying 30% or more of income is not measurably different from Bay County (60.1%).

It is not measurably different from Florida (60.0%).

It is higher than the national figure (51.1%).

In Bay County, Panama City ranks 3 of 12 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 288 of 843.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Panama City

Nearest places with a published estimate, compared with Panama City
Place	Distance	Renters paying 30% or more of income	Compared with this place
Panama City	—	64.2% (±7.0 points)	—
Cedar Grove	2.8 mi	39.9% (±23.0 points)	Lower
Pretty Bayou	2.9 mi	76.9% (±48.2 points)	Not measurably different
Springfield	4.0 mi	59.4% (±15.3 points)	Not measurably different
Parker	4.9 mi	57.4% (±19.8 points)	Not measurably different
Upper Grand Lagoon	5.0 mi	56.7% (±12.5 points)	Not measurably different
Lynn Haven	5.1 mi	64.7% (±14.6 points)	Not measurably different
Lower Grand Lagoon	5.2 mi	50.9% (±13.2 points)	Not measurably different
Callaway	7.7 mi	59.9% (±11.7 points)	Not measurably different

Nearby places with a measurably lower figure: Cedar Grove, FL (39.9%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Bay County, place by place

Rank	Place	Renters paying 30% or more of income
1	Pretty Bayou	76.9% (±48.2 points)
2	Lynn Haven	64.7% (±14.6 points)
3	Panama City	64.2% (±7.0 points)
4	Mexico Beach	61.7% (±38.5 points)
5	Callaway	59.9% (±11.7 points)
6	Panama City Beach	59.6% (±9.2 points)
7	Springfield	59.4% (±15.3 points)
8	Parker	57.4% (±19.8 points)
9	Upper Grand Lagoon	56.7% (±12.5 points)

Showing 9 of 12 places in Bay County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Panama City

Are renters in Panama City rent-burdened?

64.2% of renting households in Panama City pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Panama City spend on rent?

The median renting household in Panama City, FL spends 34.0% (±1.5 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Panama City city, Florida (place:54700, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.