At a Glance
Median Income
$61,250
$40,027 per capita
Home Value
$121,600
Zillow: $269,149
Median Rent
$939/mo
31.8% of income on rent
Bachelor's Degree+
12.6%
97.3% high school+
Unemployment
0.0%
1.5% poverty rate
Obesity Rate
38.6%
16.8% smoking rate
How Panama Compares to the U.S. Average
Each bar shows Panama's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Panama a Good Place to Live?
B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Panama residents earn a median household income of $61,250 , which is 18% below the national average of $75,149.
Per capita income is $40,027. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 1.5% of residents live below the poverty line. The area is home to 444 business establishments, including 26 restaurants.
Housing & Cost of Living
The median home value in Panama is $121,600 , 57% below the national median of $281,900.
Zillow estimates the typical home at $269,149. Median rent is $939/month, with 31.8% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1971.
Education
12.6% of adults in Panama hold a bachelor's degree or higher
(63% below the national average).
97.3% have completed high school. Local schools score 6.4/10 in standardized testing.
Climate & Weather
Panama has an average annual temperature of 50°F (10°C).
Winters average 21°F in January while summers reach 75°F in July. Annual precipitation totals 34.3 inches.
Data Overview
People
Population283
Median Age36.8 yrs
Density976/mi²
Male / Female38% / 63%
Foreign Born0.0%
Veterans5.6%
Economy
A
Median Income$61,250
Per Capita$40,027
Unemployment0.0%
Poverty1.5%
County GDP$1,051M
Avg Weekly Wage$982
Housing
A+
Home Value$121,600
Rent$939
Ownership76.6%
Zillow$269,149
Housing Units109
Rent Burden31.8%
Health
Obesity38.6%
Diabetes9.4%
Smoking16.8%
Heart Disease5.6%
Premature Death6,814/100K
Climate
Avg Temp50°F
Rain34.3 in/yr
Elevation1,309 ft
Education
C
Bachelor's+12.6%
High School+97.3%
Graduate+3.8%
School Score6.4/10
Community
2024 VoteR 71% / D 28%
Commute13 min
Broadband90.3%
Internet Speed76 Mbps
EV Stations1
Libraries3
Did You Know?
The median home in Panama was built in 1971.
The nearest airport is Eppley Airfield (36 miles).
The Gini coefficient (income inequality) is 0.450 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
18.0% of the population has a disability.
The county recorded 2 fatal vehicle crashes.
91 declared natural disasters on record.