Last updated: 2024 BLS data · Page refreshed:
Panama has a population of 451 with a median age of 46.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 451 |
| Median Age | 46.6 |
| White | 97.1% |
| Hispanic or Latino | 1.3% |
| Other / Two or More Races | 1.6% |
The median household income in Panama is $60,865, which is 24.5% below the national median of $80,610. The per capita income is $31,300. The poverty rate is 12.9%.
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In Panama, 88.9% of residents age 25+ have a high school diploma or higher, and 19.9% hold a bachelor's degree or higher (11.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.9% |
| Bachelor's Degree or Higher | 19.9% |
| Graduate or Professional Degree | 11.7% |
The median home value in Panama is $105,400, below the national median of $303,400. The median monthly rent is $785. The homeownership rate is 55.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $105,400 |
| Median Monthly Rent | $785 |
| Homeownership Rate | 55.3% |
| Vacancy Rate | 8.1% |
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