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In November 2006 CNN/Money named Panama City Beach the No.
1 real estate market in America for the next five years in. real estate market in 2007, combined with a surge of new condo construction, brought spiraling prices somewhat under control.
The average household size was 2.22, and the average family size was 2.76. For every 100 females age 18 and over, there were 100.0 males.
In the city, the population was spread out with 18.0% under the age of 18, 10.3% from 18 to 24, 27.2% from 25 to 44, 29.0% from 45 to 64, and 15.5% who were 65 years of age or older. At the 2000 census, the median income for a household in the city was ,198, and the median income for a family was ,127.
The airport serves private aircraft, domestic passenger flights, and freight/cargo flights.
It is the first international airport to be constructed after the September 11 terrorist attacks.
The Gulf Coast State College (GCSC) is located in Panama City, just across the Hathaway Bridge from Panama City Beach.
The Florida State University Panama City branch campus (FSUPC) is also located in Panama City, just across the Hathaway Bridge from Panama City Beach.
The new Northwest Florida Beaches International Airport provides commercial flights into the area.
The primary law enforcement agency in the city is the Panama City Beach Police Department.
The city and the rest of Bay County are also under the jurisdiction of the Bay County Sheriff's Office.