At a Glance
Median Income
$60,096
$27,332 per capita
Home Value
$60,800
Zillow: $134,830
Median Rent
$833/mo
24.3% of income on rent
Bachelor's Degree+
7.5%
82.2% high school+
Unemployment
12.5%
4.1% poverty rate
Obesity Rate
39.5%
18.0% 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
3.2 / 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 $60,096 , which is 20% below the national average of $75,149.
Per capita income is $27,332. The unemployment rate stands at 12.5% (247% above the U.S. rate of 3.6%). 4.1% of residents live below the poverty line. The area is home to 697 business establishments, including 77 restaurants.
Housing & Cost of Living
The median home value in Panama is $60,800 , 78% below the national median of $281,900.
Zillow estimates the typical home at $134,830. Median rent is $833/month, with 24.3% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1957.
Education
7.5% of adults in Panama hold a bachelor's degree or higher
(78% below the national average).
82.2% have completed high school. Local schools score 5.3/10 in standardized testing.
Climate & Weather
Panama has an average annual temperature of 56°F (13°C).
Winters average 30°F in January while summers reach 78°F in July. Annual precipitation totals 42.1 inches.
Data Overview
People
Population327
Median Age48.5 yrs
Density884/mi²
Male / Female41% / 59%
Foreign Born0.3%
Veterans12.6%
Economy
B
Median Income$60,096
Per Capita$27,332
Unemployment12.5%
Poverty4.1%
County GDP$2,021M
Avg Weekly Wage$1,603
Housing
A+
Home Value$60,800
Rent$833
Ownership85.9%
Zillow$134,830
Housing Units150
Rent Burden24.3%
Health
Obesity39.5%
Diabetes10.2%
Smoking18.0%
Heart Disease5.8%
Premature Death11,025/100K
Climate
Avg Temp56°F
Rain42.1 in/yr
Elevation593 ft
Education
D
Bachelor's+7.5%
High School+82.2%
Graduate+2.8%
School Score5.3/10
Community
2024 VoteR 71% / D 27%
Commute35 min
Broadband67.8%
Internet Speed99 Mbps
EV Stations1
Libraries6
Did You Know?
Panama was founded in 1906.
The median home in Panama was built in 1957.
The nearest airport is St Louis Regional (30 miles).
The Gini coefficient (income inequality) is 0.447 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
19.0% of the population has a disability.
The county recorded 7 fatal vehicle crashes.