Panama, IL
Full City Profile · Illinois · Montgomery County County
3.2
/5.0
B
Good
327
Population
884/sq mi density
$60,096
Median Income
$27,332 per capita
$60,800
Home Value
$134,830 Zillow
$833
Median Rent
24.3% income on rent
56°F
Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$60,096 median income, 12.5% unemployment
A+
Affordability
5.0 / 5.0
$60,800 home value, $833/mo rent
D
Education
1.6 / 5.0
7.5% bachelor's degree or higher
Panama enjoys a temperate climate with 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. The area receives 13.9 inches of snow annually.
Temperature
30°F Jan (-1°C)
78°F Jul (25°C)
| Annual Average | 55.5°F |
| 3% above US avg | |
| January Average | 30°F (-1°C) |
| July Average | 78°F (25°C) |
Geography
| Elevation | 593 ft (181 m) |
| Area | 0.1 sq mi (0.4 km²) |
| Population Density | 884/sq mi |
| Coordinates | 39.0293°N, 89.5244°W |
| Timezone | America/Chicago |
| County | Montgomery County County |
| Nearest Airport | St Louis Regional (ALN) 30 miles away |
Precipitation & Snow
Air Quality
Natural Hazard Risk
| Overall Risk | Relatively Low |
| Risk Score | 65.4 / 100 |
| Social Vulnerability | 55.4 / 100 |
| Community Resilience | 76.2 / 100 |
Hazard Breakdown
| Tornado | Relatively Moderate |
| Hurricane | Very Low |
| Earthquake | Relatively Moderate |
| Wildfire | Very Low |
| Flood | Relatively Low |
| Hail | Relatively Moderate |
| Strong Wind | Relatively High |
| Heat Wave | Relatively Moderate |
| Winter Weather | Relatively Low |
| Lightning | Relatively Moderate |
| Ice Storm | Relatively Low |
| Drought | Relatively Moderate |
| Cold Wave | Relatively Moderate |
| Landslide | Relatively Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | 30°F (-1°C) | 2.5 in | Coldest, Driest |
| February | 35°F (2°C) | 2.6 in | |
| March | 45°F (7°C) | 3.1 in | |
| April | 56°F (13°C) | 5.0 in | |
| May | 66°F (19°C) | 5.1 in | Wettest |
| June | 75°F (24°C) | 3.8 in | |
| July | 78°F (25°C) | 3.7 in | Warmest |
| August | 76°F (24°C) | 3.1 in | |
| September | 69°F (21°C) | 3.3 in | |
| October | 58°F (14°C) | 3.4 in | |
| November | 45°F (7°C) | 3.8 in | |
| December | 35°F (1°C) | 2.6 in |
Panama has a seasonal temperature swing of 48°F / from 30°F in January to 78°F in July. Total annual precipitation is 42.1 inches, with May being the wettest month (5.1") and January the driest (2.5").