Electricity rates in Panama City, Florida
Panama City, FL ranks 7 of 139 Florida cities with 30,000+ residents for damaging-wind and tornado reports within 15 miles (136 since 2015). Panama City, Florida has 34,211 residents in 14,807 households; 86.5% heat with electricity.
Panama City on the map
Bay County, with Panama City marked
Outage risk around Panama City
Panama City, FL, NWS reports within 15 miles of the centre, 2015 to 2025: 120 wind and 16 tornado, 397.5 per 100,000 residents of 34,211. Top gust near Panama City, FL: 70 knots, 81 mph. Damage near Panama City, FL: $21.8M.
Reports within 15 miles of Panama City, FL
wind and tornado reports, Panama City, FL
- 3'15
- 11'16
- 5'17
- 14'18
- 7'19
- 15'20
- 24'21
- 11'22
- 22'23
- 20'24
- 4'25
| Panama City, FL | Wind | Tornado | Total |
|---|---|---|---|
| Panama City, FL, 2015 | 3 | 0 | 3 |
| Panama City, FL, 2016 | 11 | 0 | 11 |
| Panama City, FL, 2017 | 5 | 0 | 5 |
| Panama City, FL, 2018 | 13 | 1 | 14 |
| Panama City, FL, 2019 | 6 | 1 | 7 |
| Panama City, FL, 2020 | 13 | 2 | 15 |
| Panama City, FL, 2021 | 19 | 5 | 24 |
| Panama City, FL, 2022 | 9 | 2 | 11 |
| Panama City, FL, 2023 | 21 | 1 | 22 |
| Panama City, FL, 2024 | 16 | 4 | 20 |
| Panama City, FL, 2025 | 4 | 0 | 4 |
Who supplies Panama City
Bay County lists 3 utilities for Panama City, FL (34,211 residents): homes pay 13.71 to 16.63 cents per kWh, about $151 to $184 a month at 1,104 kWh, 3.0% to 3.6% of the $61,125 Panama City median income. Bay County page.
Facts about Panama City
- Residents of Panama City, FL, ACS 2023
- 34,211125 of 139 Florida cities with 30,000+
- Median household income in Panama City, FL
- $61,125107 of 139 of those cities
- Households in Panama City, FL
- 14,8072.31 people each
- Owner-occupied homes in Panama City, FL
- 55.1%8,157 owners and 6,650 renter households
- Housing units in Panama City, FL
- 16,6431,836 vacant or seasonal
- Homes heated by electricity in Panama City, FL
- 86.5%12,814 of 14,807 homes
- Land area of Panama City, FL
- 35.4 sq mi965.5 people per sq mi
- Bill as share of income in Panama City, FL
- 3.0% to 3.6%at 1,104 kWh a month over the $61,125 median household income
- Wind and tornado reports within 15 miles of Panama City, FL
- 136NWS point reports 2015 to 2025, 397.5 per 100,000 residents
- Median year homes were built in Panama City, FL
- 19779,108 of 16,643 homes (54.7%) before 1980
- Median home value and rent in Panama City, FL
- $243,200$1,334 gross rent a month, 6.58% of value a year
Housing and heating in Panama City
Panama City, FL: 9,108 of 16,643 homes were built before 1980 and 3,149 in 2000 or later. Panama City, FL has 10,314 detached houses, 3,540 homes in 5+ unit buildings and 308 mobile homes.
Age of homes in Panama City, FL
% of homes by decade built, Panama City, FL
- 6pre-40
- 1240s
- 1250s
- 960s
- 1570s
- 1580s
- 1190s
- 1000s
- 610s
- 220+
Heating fuel in Panama City, FL
| Panama City, FL | Value | County | Gap | Rank |
|---|---|---|---|---|
| Panama City, FL, median year built | 1977 | 1992 | -15 years | 115 of 139 |
| Panama City, FL, built before 1980 | 54.7% | 24.8% | +29.9 points | 31 of 139 |
| Panama City, FL, built 2000 or later | 18.9% | 36.9% | -18.0 points | 89 of 139 |
| Panama City, FL, detached houses | 62.0% | 50.8% | +11.1 points | 55 of 139 |
| Panama City, FL, apartments in 5+ unit buildings | 21.3% | 26.2% | -5.0 points | 79 of 139 |
| Panama City, FL, mobile homes | 1.9% | 11.7% | -9.9 points | 69 of 139 |
| Panama City, FL, renter households | 44.9% | 31.7% | +13.2 points | 36 of 139 |
| Panama City, FL, median home value | $243,200 | $276,900 | -$33,700 | 129 of 139 |
| Panama City, FL, median gross rent a month | $1,334 | $1,424 | -$90 | 122 of 139 |
| Panama City, FL, people per household | 2.25 | 2.35 | -0.10 | 117 of 139 |
Cost of living with electricity in Panama City
Panama City, FL: 14,807 households at $1,926 a year per home for electricity (Bay County average, DOE LEAD) come to about $28.5 million, an estimate; all home energy is $2,081 a year per household.
| Group in Panama City, FL | Households | Power per home | Power bill of the group | Share of Panama City, FL median income |
|---|---|---|---|---|
| Panama City, FL, all households | 14,807 | $1,926 | $28.5 million | 3.15% |
| Panama City, FL, homeowners | 8,157 | $2,070 | $16.9 million | 3.39% |
| Panama City, FL, renters | 6,650 | $1,612 | $10.7 million | 2.64% |
Who lives in Panama City: income, cars, homes
In Panama City, FL, 3,963 of 6,436 renter households pay 30% or more of income in rent; 7,062 households moved in since 2018 and 2,362 before 2000, so electric accounts turn over quickly. 5,802 residents of Panama City, FL live below the poverty line, and the median age is 38.6. Of 16,173 workers in Panama City, FL, 1,504 work from home, 11,789 drive alone, 48 ride transit and 196 walk. In Panama City, FL, 3,892 of 14,807 households earn under $35,000, 5,332 $35,000-$75,000, 4,003 $75,000-$150,000 and 1,580 $150,000 or more. In Panama City, FL, 759 households own no vehicle and 7,774 own two or more; home EV charging depends on that. Panama City, FL homes: 9,638 have 3+ bedrooms, 2,102 none or one, median 5.3 rooms.
Household income in Panama City, FL
| Panama City, FL | Value | Rank in Florida |
|---|---|---|
| Panama City, FL, households under $35,000 | 26.3% | 38 of 139 |
| Panama City, FL, households $150,000 or more | 10.7% | 108 of 139 |
| Panama City, FL, residents below poverty | 17.3% | 21 of 139 |
| Panama City, FL, median age | 38.6 | 96 of 139 |
| Panama City, FL, homes with 3+ bedrooms | 57.9% | 69 of 139 |
| Panama City, FL, households without a vehicle | 5.1% | 74 of 139 |
| Panama City, FL, households with 2+ vehicles | 52.5% | 83 of 139 |
| Panama City, FL, workers at home | 9.3% | 114 of 139 |
| Panama City, FL, cost-burdened renters | 61.6% | 56 of 139 |
| Panama City, FL, moved in since 2018 | 47.7% | 15 of 139 |
| Panama City, FL, moved in before 2000 | 16.0% | 44 of 139 |
Analyst note on Panama City
Household income in Panama City, FL is $61,125; 8,157 of its 14,807 households own. Panama City, FL counts 34,211 residents in 14,807 households, on 35.4 square miles. 12,814 of the 14,807 occupied homes in Panama City, FL heat with electricity.
Panama City, FL has 16,643 housing units, 1,836 of them vacant or seasonal. Panama City, FL ranks 11 of 139 Florida cities for the lowest median home value ($243,200). Panama City, FL ranks 16 of 139 Florida cities for the lowest share of electric heating (87%).
Panama City, FL ranks 17 of 139 Florida cities for the lowest median rent ($1,334 a month).
Bill and heat pump calculator, Panama City
Compare Panama City with nearby cities
| City near Panama City, FL | Distance from Panama City | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Panama City, FL (this page) | 0 mi | 34,211 | $61,125 | 1977 | $243,200 | 136 | 9.3% |
| Navarre, FL | 74.7 mi west | 38,988 (+4,777) | $98,522 (+$37,397) | 2002 (+25 yr) | $352,300 (+$109,100) | 32 (-104) | 9.8% (+0.5 pts) |
| Tallahassee, FL | 86.9 mi east | 199,696 (+165,485) | $55,931 (-$5,194) | 1987 (+10 yr) | $276,000 (+$32,800) | 556 (+420) | 12.3% (+3.0 pts) |
| Pensacola, FL | 92.7 mi west | 54,011 (+19,800) | $72,699 (+$11,574) | 1972 (-5 yr) | $276,500 (+$33,300) | 98 (-38) | 15.2% (+5.9 pts) |
| Ferry Pass, FL | 93.7 mi west | 30,467 (-3,744) | $64,368 (+$3,243) | 1985 (+8 yr) | $243,600 (+$400) | 106 (-30) | 10.6% (+1.3 pts) |
| Gainesville, FL | 201.8 mi east | 143,611 (+109,400) | $45,611 (-$15,514) | 1983 (+6 yr) | $235,000 (-$8,200) | 126 (-10) | 12.4% (+3.1 pts) |
ZIP codes in Panama City
| ZIP area touching Panama City, FL | Share of the ZIP's land inside Panama City | Share of Panama City's land in the ZIP |
|---|---|---|
| 32404 (Panama City, FL) | 10.6% | 40.6% |
| 32405 (Panama City, FL) | 48.3% | 25.8% |
| 32401 (Panama City, FL) | 63.3% | 22.5% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Florida: home prices since 2001, planned plants.
Questions on Panama City
Panama City: what is the electricity rate?
Panama City, FL has no price of its own; its 34,211 residents are served by one of 3 utilities, and a 1,104 kWh month costs $151 to $184.
Panama City: how does it rank among Florida cities?
Panama City, FL: rank 125 of 139 by its 34,211 residents, rank 107 of 139 by $61,125 median income.
Panama City: how many homes heat with electricity?
Panama City, FL: 12,814 of 14,807 occupied homes, 86.5%; Bay County 87.8%.
Panama City: how much income goes to electricity?
At 1,104 kWh a month, 3.0% to 3.6% of the $61,125 median income in Panama City, FL.
Panama City: damaging storms reported nearby?
136 NWS wind and tornado reports within 15 miles of the centre of Panama City, FL, 2015 to 2025, 397.5 per 100,000 residents.
How old are the homes in Panama City?
Panama City, FL: median home built 1977; 9,108 of 16,643 homes (54.7%) predate 1980, 10,314 are detached and 3,540 sit in buildings of 5+ units.
How many Panama City, FL renters struggle with rent?
3,963 of 6,436 renter households pay 30% or more of income in rent.
How many residents of Panama City, FL live below the poverty line?
5,802 residents.
How many people in Panama City, FL work from home?
1,504 of 16,173 workers.