Comparison to Surrounding Areas
The median household income ($80,831) for 32407 is less than the median household income for Panama City Beach city ($80,941) and Upper Grand Lagoon CDP ($82,157). But it's more than 32401 ($52,523), 32405 ($73,373), 32408 ($80,822), 32409 ($64,516), 32413 ($80,039), and Bay County ($73,533).
| 32407 | $80,831 |
| Panama City Beach city | $80,941 |
| Upper Grand Lagoon CDP | $82,157 |
| Bay County | $73,533 |
Get Median Household Income for all Zip Codes in Florida.
The average household income ($111,448) for 32407 is less than the average household income for 32413 ($116,898) and Panama City Beach city ($112,821). But it's more than 32401 ($79,622), 32405 ($94,902), 32408 ($104,662), 32409 ($89,260), Bay County ($96,618), and Upper Grand Lagoon CDP ($109,614).
| 32407 | $111,448 |
| Panama City Beach city | $112,821 |
| Upper Grand Lagoon CDP | $109,614 |
| Bay County | $96,618 |
Get Average Household Income for all Zip Codes in Florida.
The per-capita income for 32407 is $47,494. The per capita income ($47,494) for 32407 is less than the per capita income for 32408 ($50,125), 32413 ($56,820), Panama City Beach city ($52,188), and Upper Grand Lagoon CDP ($49,446). But it's more than 32401 ($37,460), 32405 ($39,376), 32409 ($33,569), and Bay County ($40,782).
| 32407 | $47,494 |
| Panama City Beach city | $52,188 |
| Upper Grand Lagoon CDP | $49,446 |
| Bay County | $40,782 |
Get Per-Capita Income for all Zip Codes in Florida.
14.4% of households make over $200,000 a year. The percent high income households (14.4%) for 32407 is more than 32413 (11.4%), 32405 (8.6%), 32408 (11.2%), 32409 (7.0%), 32401 (6.1%), Bay County (9.2%), Panama City Beach city (12.7%), and Upper Grand Lagoon CDP (12.6%).
| 32407 | 14.4% |
| Panama City Beach city | 12.7% |
| Upper Grand Lagoon CDP | 12.6% |
| Bay County | 9.2% |
Get High Income Households for all Zip Codes in Florida.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 32407 | $68,508 | $77,344 | $100,406 | $54,769 |
| Panama City Beach city | $-1 | $83,055 | $85,747 | $59,884 |
| Upper Grand Lagoon CDP | $-1 | $76,635 | $103,688 | $69,575 |
| Bay County | $56,301 | $75,105 | $83,475 | $59,815 |
Get Median Household Income by Age of Householder for all Zip Codes in Florida.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 32407 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the income data are:
| Median Household Income | Average Household Income | Per Capita Income | High Income Households | Median Household Income by Age of Householder | ||||
|---|---|---|---|---|---|---|---|---|
| under 25 | 25 to 44 | 45 to 64 | 65+ | |||||
| 32407 | +/-$5,949 | +/-$11,690 | +/-$5,123 | +/-4.1% | +/-$54,290 | +/-$12,166 | +/-$24,639 | +/-$38,857 |
| Panama City Beach city | +/-$2,656 | +/-$10,331 | +/-$5,204 | +/-2.8% | +/-$-1 | +/-$7,573 | +/-$21,473 | +/-$19,770 |
| Upper Grand Lagoon CDP | +/-$6,742 | +/-$9,602 | +/-$4,098 | +/-3.1% | +/-$-1 | +/-$29,181 | +/-$17,616 | +/-$10,019 |
| Bay County | +/-$2,046 | +/-$3,333 | +/-$1,336 | +/-1.0% | +/-$6,260 | +/-$3,387 | +/-$4,828 | +/-$2,796 |