Callaway is located in northwest Florida. Callaway is part of Bay County. Callaway has 9.01 square miles of land area and 0.57 square miles of water area. As of 2010-2014, the total Callaway population is 14,617, which has grown 2.70% since 2000. The population growth rate is much lower than the state average rate of 21.14% and is much lower than the national average rate of 11.61%. Callaway median household income is $49,986 in 2010-2014 and has grown by 38.60% since 2000. The income growth rate is much higher than the state average rate of 21.62% and is higher than the national average rate of 27.36%. Callaway median house value is $135,100 in 2010-2014 and has grown by 45.11% since 2000. The house value growth rate is lower than the state average rate of 48.06% and is about the same as the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Callaway is better than the state average in quality.