Median Income
$89,583
19% higher than US avg
Home Value
$196,000
30% lower than US avg
Bachelor's+
15.0%
55% lower than US avg
Median Rent
$1,250
7% higher than US avg
Obesity Rate
32.7%
2% higher than US avg
Unemployment
3.4%
6% lower than US avg
Poverty Rate
4.4%
65% lower than US avg
How Panama Compares to the U.S. Average (100% = U.S. avg)
People
Population223
Median Age51.8 yrs
Density796/mi²
Male / Female44% / 57%
Largest GroupWhite 88%
Economy
A+
Median Income$89,583
Per Capita$49,787
Unemployment3.4%
Poverty4.4%
County GDP$28,815M
Commute33 min
Housing
A+
Home Value$196,000
Rent$1,250
OwnershipN/A
Zillow$268,602
Health
Obesity32.7%
UninsuredN/A
Depression21.4%
Heart Disease4.4%
Climate
Avg Temp51°F
AQI32 (Good)
Rain32.3 in/yr
Elevation1,405 ft
Education
C
Bachelor's+15.0%
High School+92.5%
School Score5.81
Community
2024 VoteR 47% / D 51%
Commute33 min
Libraries9
Is Panama a Good Place to Live?
Based on current data, Panama receives an overall livability score of 3.9 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, low unemployment, affordable housing, a low poverty rate. Panama offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Panama is $89,583, 19% above the national average of $75,149. Residents generally enjoy above-average earning potential. Unemployment stands at 3.4%, indicating a healthy job market. Only 4.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 33 minutes.
Cost of Living & Housing
The median home value in Panama is $196,000, 30% below the national median — offering relatively affordable homeownership. Renters pay a median of $1,250 per month. At just 2.2x median income, home prices are very affordable relative to local earnings.
Education
15.0% of residents hold a bachelor's degree, below the national average of 33.7%. 92.5% have completed high school. Area schools have an average test score of 5.8/10.
Climate & Weather
Panama experiences four distinct seasons with an average temperature of 51°F. Winters average 24°F in January while summers reach 76°F in July. Annual precipitation totals 32.3 inches. Air quality is rated Good with a median AQI of 32.
Panama has a population of 223 with a density of 796 people per square mile. The median age is 51.8 years, 33% older than the national median of 38.9. The city is predominantly White (87.9%), with 11.2% Hispanic.
Population
51.8yrs
Median Age
33% above US avg
Language Spoken at Home
| English Only | 99.1% |
| 26% above US avg |
| Spanish | 0.9% |
| 93% below US avg |
The median household income in Panama is $89,583, which is 19% above the national average of $75,149. The unemployment rate is 3.4% (below the 3.6% US average). 4.4% of residents live below the poverty line. Workers commute an average of 33 minutes.
Income
| Median HH Income | $89,583 |
| 19% above US avg |
| Per Capita Income | $49,787 |
| Avg Weekly Wage | $1,141 |
| IRS Avg AGI | $85,036 |
Employment & Poverty
| Unemployment | 3.4% |
| 6% below US avg |
| Poverty Rate | 4.4% |
| 65% below US avg |
| Establishments (County) | 9,853 |
| County GDP | $28,815M |
Business (County)
| Restaurants | 794 |
| Healthcare | 1,148 |
| Retail | 989 |
| Manufacturing | 246 |
Tax & Cost of Living
| Property Tax (IRS) | $6,896 |
| 97% above US avg |
| Effective Tax Rate | 3.52% |
Commute & Transportation
| Commute Time | 33.4 min |
| Work from Home | 13.6% |
The median home value in Panama is $196,000, 30% below the national average. Monthly rent averages $1,250 (7% above US avg). Zillow estimates the typical home value at $268,602.
Home Values
| Census Median | $196,000 |
| 30% below US avg |
| Zillow ZHVI | $268,602 |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $1,250 |
| 7% above US avg |
HUD Fair Market Rent
| Studio | $706 |
| 1 Bedroom | $791 |
| 2 Bedrooms | $1,001 |
| 3 Bedrooms | $1,274 |
| 4 Bedrooms | $1,409 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $6,896 |
| 97% above US avg |
| Effective Rate | 3.52% |
In Panama, 32.7% of adults are obese (above the 32.1% national rate). 21.4% report depression. 15.9% are physically inactive.
Health Metrics: Panama vs U.S. Average (%)
Chronic Conditions
| Obesity | 32.7% |
| 2% above US avg |
| Diabetes | 7.4% |
| Heart Disease | 4.4% |
| High Blood Pressure | 26.6% |
| Asthma | 9.3% |
| COPD | 4.2% |
| Stroke | 2.2% |
Behaviors & Mental Health
| |
| Binge Drinking | 22.8% |
| Physical Inactivity | 15.9% |
| Depression | 21.4% |
| Mental Distress | 14.0% |
| Physical Distress | 8.9% |
Healthcare Access
| Insurance Rate | 98.4% |
| |
| Checkup Rate | 75.6% |
| Premature Death | 6,252/100K |
Food & Exercise
| Food Environment | 8.1/10 |
| Exercise Access | 95.4% |
| Healthcare Facilities | 1,148 |
Crime Rates: Panama vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 26 |
Safety Score
Panama has an average annual temperature of 51°F (11°C). Winters average 24°F in January while summers reach 76°F in July. Annual precipitation is 32.3 inches. Air quality is rated Good with a median AQI of 32.
Temperature
24°F Jan (-4°C)
76°F Jul (24°C)
| Annual Average | 51.2°F |
| 5% below US avg |
| January Average | 24°F (-4°C) |
| July Average | 76°F (24°C) |
Precipitation & Snow
| Annual Rainfall | 32.3 inches |
| 15% below US avg |
Air Quality
| AQI Median | 32.0 |
| Rating | Good |
Geography
| Elevation | 1,405 ft (428 m) |
| Area | 0.3 sq mi (0.7 km²) |
| Population Density | 796/sq mi |
| Coordinates | 40.5998°N, 96.5112°W |
| County FIPS | 31109 |