Welcome to the Townfolio for Panama , FL where you will find a full community profile.
What is Townfolio? Where does the data come from? How to use this data Request more info
Demographics
View the Demographics tab for information such as Median Age, Median Household Income and more. Data is populated from census, state and municipal sources, along with third-party projections.
Total Population
36,654
Median Household Income
37,190
Total Visible Minorities
N/A
Median Age
40.8What is the Median Age of Panama , FL?
Panama , FL has a median age of 40 years old. Overall, the median age in Panama , FL is increasing at an average of 1.41% per year.
Median Household Income
In Panama , FL, the median household income is $37190 per year. Overall, it is dwindling at an average of -2.44% per year. In the last census, its median household income declined by $263.
Us Income Distribution
According to OECD, the gini coefficient measures how the distribution of income among households within an economy deviates from a perfectly equal distribution of incomes. Simply, it measures the extent of income inequality in an economy. Inequality on the Gini scale is measured between 0, where everyone's equal, and 1, where all the country's income is earned by one person. Panama , FL has a gini coefficient of 0.59 out of 1, while the 2015 national gini coefficient is 0.39.
Us Marital Status
Majority of the population are married, making up 17.32 per cent of the population. Having a predominantly married population is highy beneficial to Panama , FL as married couples usually bring in larger incomes, higher net worth and gains on average. They also help boost the community's liveliness and labour force, as they are most likely to bear children and create the best economic conditions for them. Furthermore, this group also spends more compared to most of their counterparts and contributes a huge portion towards tax revenues.
Us Sex By Age
Overall, women outnumber men by 1794. people. The 45 to 49 years old age cohort exhibits the largest discrepancy with a difference of 223 people between the sexes. Furthermore, majority of the population is between the ages 50 to 54 years old, comprising 8.02 per cent of the population. Meanwhile, 63.19 per cent are part of its working-age population, or those between the ages 15 to 64 years old, while 19.27 per cent make up the younger population that will also be part of the labour force in two decades or less. At the present, 6430 people are expected to retire in the coming years.
Labor Force
View the Labor Force tab for information such as Us Median Salary By Occupation and more. Data is populated from census, state and municipal sources, along with third-party projections.
Us Median Salary By Occupation
The highest paying occupations in Panama , FL are those in Natural resources, construction, and maintenance occupations, where the median salary hovers around $47900.0. The U.S. Bureau of Census divides occupations into five broad categories: (1) Management, business, science, and arts occupations (2) Service occupations (3) Sales and office occupations (4) Natural resources, construction, and maintenance occupations (5) Production, transportation, and material moving occupations The highest paid occupations in management are those of Computer and mathematical occupations where median salary is at $78667.0. In the services industry, those in Law enforcement workers including supervisors earn the most at $54107.0 per annum as a median salary.The highest paying occupations in sales are that of Sales and related occupations, where the annual median salary is $35733.0. Natural resources occupations’ top salaries go to those in Construction and extraction occupations where median salaries are around $50000.0. Meanwhile, occupations related to production have those working in Production occupations paid the most with a median salary of $32554.0 per year.
Real Estate
View the Real Estate tab for information such as Median Gross Rent, Heating Sources and more. Data is populated from census, state and municipal sources, along with third-party projections.
Housing Occupied
82.27%
Housing Vacant
17.73%
No. of Families
8,333
No. of Non-Families
6,186Median Gross Rent
Panama , FL has an average rent of $842 per month. Overall, the average rent in Panama , FL is dwindling at an average of -0.02% per year. There was neither an increase or a decrease in its average rent in the last two census.
Heating Sources
Most people in Panama , FL uses electricity to heat up their homes. With 12303 households using it, it is the leading heating source in Panama , FL. Moreover, 13.35% of households say they use utility gas making it the second most popular choice. The third widely used heating source is bottled, tank, or LP gas, with 129 households saying they use it as their primary heating source.
Transportation
View the Transportation tab for information such as Car Ownership, Us Time Leaving For Work and more. Data is populated from census, state and municipal sources, along with third-party projections.
Most Used
Transportation
Busiest Time
On Roads
Residents Who
Work Locally
Vehicle Drivers
N/ACar Ownership
Most households in Panama , FL have three vehicles for transportation. 6497 people responding in Panama , FL feel that having three vehicles is sufficient. Moreover, 28.74% of households say they use two vehicles. Moreover, 2654 households have four vehicles
Us Time Leaving For Work
Majority of commuters in Panama , FL leave their homes from 7:30am to 8:00am, saying that it's enough time to get to work. The second most popular time to head to work, with 13.74% of respondents, is from 7:00am to 7:30am. However, 1640 of commuters still prefer to leave from 8:00am to 9:00am.
Us Transportation Mode
Majority of commuters in Panama , FL are driving alone in a private car, truck, or van to go to work. Moreover, 10.12% of respondents say that they prefer carpooling in a private car, truck, or van. The third most popular means of transportation is taking a bus or trolley bus with 361 commuters have preferring it. Meanwhile, there are 339 people who do not need to commute to get to work, as they work from home.
Education
View the Education tab for information such as Us Field Of Study and more. Data is populated from census, state and municipal sources, along with third-party projections.
Dominant Level
of Education
Most Popular
Field of Study
Most Popular
Educational Destination
Least Popular
Field of Study
Us Field Of Study
Most are in Education with 858 people practicing it in Panama , FL. Business is another popular field of expertise, as 13.8% of inhabitants are involved in it. The third group are those who are in Science & Engineering Related Fields, with 848 people responding that it is their line of work. STEM (Science, Technology, Engineering, and Math) is expected to be a growing industry, however, Pew Research Center confirms that there is still a huge need for labour in these industries. Panama , FL has 3051 people or 49.25% of workers in STEM industries.
Utilities
View the Utilities tab for information such as and more. Data is populated from census, state and municipal sources, along with third-party projections.