Panama City Beach , Florida Area Information
The City of Panama City Beach is approximately 18 square miles located in Florida ' s Great Northwest . The city is populated by over 12,000 permanent residents with 5,000 tourists visiting the area daily , averaging a 3-night stay . The city , which is experiencing a 5.5 % growth rate each year , is considered the fastest growing of Bay County ' s seven cities in both population and area . With a population of young families , seniors and early retirees , Panama City Beach is considered an ideal place for relocation and vacation .
Stretching nine miles along the beautiful waters of the Gulf of Mexico , Panama City Beach ' s economy depends heavily on tourism . Approximately 20 percent of the shore line is classified recreational and public use . The remainder of the beachfront has hotels , condominiums , restaurants , entertainment venues and personal homes . The city is experiencing a manageable growth in housing , service and retail establishments . The new industrial park and a commercial office park opened in 2002 and have acquired occupants ; Pier Park , a public / private partnership , opened in 2003 and consists of a city park with amphitheater , swimming area , walking paths and a large commercial / entertainment area .
Community life is supported with three elementary schools , a middle school and a high school ; various recreational and social areas including parks , senior and youth centers , golf courses and two fishing piers ; a new branch of the Bay County library ; and numerous medical , vision and dental offices . The city is home to worship / gathering groups of various denominations and an abundance of financial institutions .