Last updated: 2024 BLS data · Page refreshed:
Panama has a population of 1,415 with a median age of 31.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,415 |
| Median Age | 31.5 |
| White | 67.3% |
| Black or African American | 0.1% |
| Asian | 0.5% |
| Hispanic or Latino | 6.1% |
| Other / Two or More Races | 26.0% |
The median household income in Panama is $47,136, which is 41.5% below the national median of $80,610. The per capita income is $21,572. The poverty rate is 29.0%.
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In Panama, 87.8% of residents age 25+ have a high school diploma or higher, and 7.0% hold a bachelor's degree or higher (1.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.8% |
| Bachelor's Degree or Higher | 7.0% |
| Graduate or Professional Degree | 1.9% |
The median home value in Panama is $124,800, below the national median of $303,400. The median monthly rent is $776. The homeownership rate is 65.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $124,800 |
| Median Monthly Rent | $776 |
| Homeownership Rate | 65.4% |
| Vacancy Rate | 16.3% |
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