Bonifay is a city in Holmes County, Florida, United States. As of the 2020 census, the population was 2,759. It is the county seat of Holmes County. Bonifay was founded in 1882 when the Pensacola and Atlantic Railroad was built across the Florida Panhandle, and was named by P&A executive W. D. Chipley for Frank Bonifay, member of a prominent family who had a brickmaking factory in Pensacola, where the P&A was headquartered.