All Countries
Panama, IL
Full City Profile · Illinois · Montgomery County County
2.8
/5.0
C+
Fair
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
53°F
Avg Temperature
293 sunny days/yr
294
Violent Crime/100K
1,111 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$60,096 median income, 6.8% unemployment
A+
Affordability
5.0 / 5.0
$60,800 home value, $833/mo rent
F
Safety
1.0 / 5.0
294 violent crimes/100K
D
Education
1.6 / 5.0
7.5% bachelor's degree or higher
Income Overview
Median Household Income
$60,096
20% below
US avg: $75,149
Per Capita Income
$27,332
30% below
US avg: $39,052
Unemployment Rate
6.8%
89% above
US avg: 3.6%
Poverty Rate
4.1%
67% 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
$60,096
80%
Per Capita
US: $39,052
$27,332
70%
IRS Avg AGI
US: $72,000
$66,701
93%
Avg Weekly Wage
US: $1,432
$1,603
112%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,603
12% above US avg ($1,432)
Mean Commute Time
35 min
26% above US avg (28 min)
Work From Home
2.4%
84% below US avg (15.2%)
Drive Alone
73.4%
0% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,021M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
73.4%
Public Transit
0%
Work From Home
2.4%
Other
24.2%
Average commute time
35 minutes
US avg: 28 min
Business Landscape
Total Establishments
697
Restaurants
77
Healthcare
66
Retail
112
Manufacturing
23
Tax & Financial
IRS Avg Adjusted Gross Income
$66,701
7% below US avg ($72,000)
Avg Property Tax
$4,300
23% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $60,096 |
| Per Capita Income | $27,332 |
| IRS Avg Adjusted Gross Income | $66,701 |
| Avg Weekly Wage | $1,603 |
| County GDP | $2,021M |
Hardship Indicators
| Unemployment Rate | 6.8% |
| Poverty Rate | 4.1% |
| Gini Coefficient | 0.447 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 35 minutes |
| Drive Alone | 73.4% |
| Public Transit | 0.0% |
| Work From Home | 2.4% |
Businesses
| Total Establishments | 697 |
| Restaurants | 77 |
| Healthcare | 66 |
| Retail | 112 |
| Manufacturing | 23 |
Tax
| IRS Avg AGI | $66,701 |
| Avg Property Tax | $4,300 |