Last updated: 2024 BLS data · Page refreshed:
Panama has a population of 245 with a median age of 36.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 245 |
| Median Age | 36.7 |
| White | 88.6% |
| Hispanic or Latino | 8.2% |
| Other / Two or More Races | 3.2% |
The median household income in Panama is $63,125, which is 21.7% below the national median of $80,610. The per capita income is $44,847. The poverty rate is 7.4%.
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In Panama, 98.1% of residents age 25+ have a high school diploma or higher, and 13.8% hold a bachelor's degree or higher (4.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.1% |
| Bachelor's Degree or Higher | 13.8% |
| Graduate or Professional Degree | 4.4% |
The median home value in Panama is $142,200, below the national median of $303,400. The median monthly rent is $940. The homeownership rate is 77.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $142,200 |
| Median Monthly Rent | $940 |
| Homeownership Rate | 77.0% |
| Vacancy Rate | 5.8% |
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