Hello,
My husband and I moved to Panama City 7 years ago from San Diego. Panama City was an accident, but that's an entirely different story.
We are a medium sized town, Air Force base on one end of the community and a Navy base on the other. Our beaches are beautiful, and despite what you may have heard on the news, there are been NO OIL on our beaches. We are a 2 part community. You have the "town" side, which is more old school and "the beach" it's a little more upscale, but it's also where all the tourists are during the beach season.
As far as school, there is only 1 district, Bay District Schools. Here in Florida everything is rated by the FCAT. In my opinion it is not a very good rating of what the kids are truly learning, but they have to teach to the test to a certain degree because funding and such is based on FCAT scores. So far we have been happy with the schools here.
This community has really grown on us and we have decided this is our base of operations no matter what may come in the future.
Good Luck,