All Countries
Panama, IA
Full City Profile · Iowa · Shelby County County
3.1
/5.0
B
Good
283
Population
976/sq mi density
$61,250
Median Income
$40,027 per capita
$121,600
Home Value
$254,132 Zillow
$939
Median Rent
31.8% income on rent
50°F
Avg Temperature
275 sunny days/yr
98
Violent Crime/100K
1,562 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$61,250 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$121,600 home value, $939/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
C
Education
2.0 / 5.0
12.6% bachelor's degree or higher
Income Overview
Median Household Income
$61,250
18% below
US avg: $75,149
Per Capita Income
$40,027
2% above
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
1.5%
88% below
US avg: 12.4%
Income Comparison: Panama vs. U.S. Average
Each bar shows Panama’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$61,250
82%
Per Capita
US: $39,052
$40,027
102%
IRS Avg AGI
US: $72,000
$77,398
107%
Avg Weekly Wage
US: $1,432
$982
69%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$982
31% below US avg ($1,432)
Mean Commute Time
13 min
51% below US avg (28 min)
Work From Home
8.0%
47% below US avg (15.2%)
Drive Alone
78.9%
8% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,051M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
78.9%
Public Transit
0%
Work From Home
8%
Other
13.1%
Average commute time
13 minutes
US avg: 28 min
Business Landscape
Total Establishments
444
Restaurants
26
Healthcare
42
Retail
44
Manufacturing
19
Tax & Financial
IRS Avg Adjusted Gross Income
$77,398
7% above US avg ($72,000)
Avg Property Tax
$4,339
24% above US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $61,250 |
| Per Capita Income | $40,027 |
| IRS Avg Adjusted Gross Income | $77,398 |
| Avg Weekly Wage | $982 |
| County GDP | $1,051M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 1.5% |
| Gini Coefficient | 0.450 |
| Cost of Living Index | 87.8 |
Commute
| Mean Commute | 13 minutes |
| Drive Alone | 78.9% |
| Public Transit | 0.0% |
| Work From Home | 8.0% |
Businesses
| Total Establishments | 444 |
| Restaurants | 26 |
| Healthcare | 42 |
| Retail | 44 |
| Manufacturing | 19 |
Tax
| IRS Avg AGI | $77,398 |
| Avg Property Tax | $4,339 |