The ZIP Code 32401 is associated with the city of Panama City in Florida in Bay County in the U.S. The median household income is $39,447, while about 20% of the population is living below the poverty line. The median age in 32401 is estimated to at 40.0 years, and about 23.1% of residents are aged 62 years and older. Approximately 18.5% of residents in this Florida region have a bachelor's degree or higher, and the per capita income is an estimated $24,509. The current population estimate is 22,027.
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Looking at race in the population that makes up ZIP Code 32401, 95.2% is one race, while 4.8% are two or more races. Approximately 5.6% of 32401 residents are hispanic or Latino (of any race). The most common race in 32401 (race alone or in combination with one or more other races), is White (69.1%), followed by Black or African American (32.0%) .
| Industry | Percent |
|---|---|
| White | 69.1% |
| Black or African American | 32.0% |
| American Indian and Alaska Native | 1.1% |
| Asian | 1.9% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 0.7% |
The median household income in ZIP Code 32401 is $39,447, while the region's mean household income is $53,936. Breaking income down further, per capita income in the region is $24,509. The per capita income in ZIP Code 32401 of $24,509 is approximately 22.49% less than the per capita income in the U.S. overall of $31,619. An estimated 19.6% of the population is living below the poverty line in this region. This rate is approximately106.32% higher than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 20.1% of the population in 32401 earn $35,000 to $49,999 per year, while an estimated 15.3% earn $15,000 to $24,999 per year, and 1.5% of 32401 residents earn $150,000 to $199,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 9.1% |
| $10,000 to $14,999 per year | 6.3% |
| $15,000 to $24,999 per year | 15.3% |
| $25,000 to $34,999 per year | 14.1% |
| $35,000 to $49,999 per year | 20.1% |
| $50,000 to $74,999 per year | 14.8% |
| $75,000 to $99,999 per year | 10.2% |
| $100,000 to $149,999 per year | 6.2% |
| $150,000 to $199,999 per year | 1.5% |
| $200,000 or more per year | 2.4% |
In ZIP Code 32401, 84.3% of the population graduated high school, while 18.5% have a bachelor's degree or higher. In this region, 4.7% achieved an education level less than 9th grade, while 7.2% hold a graduate or professional degree. Approximately 33.6% in this Bay County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 4.7% |
| 9th to 12th grade, no diploma | 11.0% |
| High school graduate (includes equivalency) | 33.6% |
| Some college, no degree | 25.2% |
| Associate's degree | 7.1% |
| Bachelor's degree | 11.3% |
| Graduate or professional degree | 7.2% |
Residents of ZIP Code 32401 are older than average. The median age of 40.0 years in ZIP Code 32401 is approximately 4.99% higher than the overall median age in the U.S. of 38.1 years. About 80.2% of residents are aged 18 years and older, and 23.1% of residents are 62 years and over. Approximately 15.1% of the population in 32401 falls in the age group 25 to 34 years, while an estimated 13.9% are aged 45 to 54 years. On the low end of the scale, 2.8% of 32401 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.5% |
| 5 to 9 years | 5.3% |
| 10 to 14 years | 5.0% |
| 15 to 19 years | 4.4% |
| 20 to 24 years | 7.4% |
| 25 to 34 years | 15.1% |
| 35 to 44 years | 10.1% |
| 45 to 54 years | 13.9% |
| 55 to 59 years | 7.9% |
| 60 to 64 years | 5.2% |
| 65 to 74 years | 11.1% |
| 75 to 84 years | 5.3% |
| 85 years and over | 2.8% |
In ZIP Code 32401, 94.2% of the population lists "English only" as the language spoken in home, while 3.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 1.3% of homes, and other Indo-European languages are spoken in 0.9% of homes. Lastly, 0.0% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Bay County region.
| Language Spoken | Percent |
|---|---|
| English only | 94.2% |
| Spanish | 3.5% |
| Other Indo-European languages | 1.3% |
| Asian and Pacific Islander languages | 0.9% |
| Other languages | 0.0% |
Regarding the age of homes in ZIP Code 32401, an estimated 18.4% of homes were built between 1940 and 1949. Additionally, 17.6% of homes in the region were built between 1950 and 1959, while an estimated 1.4% of homes were built in 2014 or later in this Bay County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 1.4% |
| Built between 2010 and 2013 | 2.1% |
| Built between 2000 and 2009 | 5.7% |
| Built between 1990 and 1999 | 8.2% |
| Built between 1980 and 1989 | 14.9% |
| Built between 1970 and 1979 | 9.6% |
| Built between 1960 and 1969 | 12.2% |
| Built between 1950 and 1959 | 17.6% |
| Built between 1940 and 1949 | 18.4% |
| Built in 1939 or earlier | 10.0% |
In 32401, 57.1% of the population is in the labor force. Recent estimates place 2.3% as working from home, while the total labor force in the region has a mean travel to time to work of 18.7 minutes. Approximately 20.3% of the employed population 16 years and over in 32401 work in educational services, and health care and social assistance, while an estimated 14.3% work in retail trade. On the lower end of the scale, just 1.1% of 32401 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 1.1% |
| Construction | 8.0% |
| Manufacturing | 6.6% |
| Wholesale trade | 1.8% |
| Retail trade | 14.3% |
| Transportation and warehousing, and utilities | 4.6% |
| Information | 2.9% |
| Finance and insurance, and real estate and rental and leasing | 5.7% |
| Professional, scientific, management, and administrative | 11.6% |
| Educational services, and health care and social assistance | 20.3% |
| Arts, entertainment, and recreation, and accommodation and food services | 13.0% |
| Other services, except public administration | 5.7% |
| Public administration | 4.3% |
Regarding solar power potential, ZIP Code 32401 has an average daily solar radiation level of 5.58 kWh/m2/day. This is approximately 35.44% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 15.33% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 32401 | 12.06¢/kWh | 10.16¢/kWh | 8.14¢/kWh |
| Florida | 14.65¢/kWh | 11.43¢/kWh | 8.85¢/kWh |
| United States | 16.88¢/kWh | 12.66¢/kWh | 7.82¢/kWh |
| Month | ZIP Code 32401 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 5.04 | 1.9 | 5.84 |
| Feb | 5.27 | 3 | 6.31 |
| Mar | 6.15 | 3.65 | 7.02 |
| Apr | 6.18 | 5.13 | 7.3 |
| May | 6.05 | 5.17 | 7.13 |
| Jun | 5.31 | 5.72 | 6.95 |
| Jul | 5.25 | 6.22 | 6.51 |
| Aug | 5.34 | 6.08 | 6.65 |
| Sep | 5.73 | 5.15 | 7.02 |
| Oct | 6.29 | 3.32 | 6.92 |
| Nov | 5.6 | 2.33 | 5.99 |
| Dec | 4.8 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 32401, credit reporting or other personal consumer reports have received the most complaints in 32401 in the past 12 months. Credit reporting or credit repair services received the second most complaints. The most frequent complaint overall in this Bay County region was incorrect information on a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or other personal consumer reports | 133 |
| Credit reporting or credit repair services | 103 |
| Credit card | 38 |
| Checking or savings account | 15 |
| Debt collection | 9 |
| Other | 15 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Incorrect information on your report | 126 |
| Problem with a credit reporting company's investigation | 44 |
| Improper use of your report | 43 |
| Problem with a company's investigation into an existing problem | 24 |
| Problem with a purchase shown on your statement | 18 |
| Other | 58 |