At a Glance
Median Income
$89,583
$49,787 per capita
Home Value
$196,000
Zillow: $268,602
Median Rent
$1,250/mo
26.3% of income on rent
Violent Crime
338/100K
3,349/100K property
Bachelor's Degree+
15.0%
92.5% high school+
Unemployment
3.4%
4.4% poverty rate
Obesity Rate
32.7%
10.2% smoking rate
Avg Temperature
51°F
275 sunny days/yr
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 $89,583 , which is 19% above the national average of $75,149.
Per capita income is $49,787. The unemployment rate stands at 3.4% (6% below the U.S. rate of 3.6%). 4.4% of residents live below the poverty line. The area is home to 9,853 business establishments, including 794 restaurants.
Housing & Cost of Living
The median home value in Panama is $196,000 , 30% below the national median of $281,900.
Zillow estimates the typical home at $268,602. Median rent is $1,250/month, with 26.3% of renters spending more than 30% of income on housing. The cost of living index is 90.1 (100 = national average). The median home was built in 1963.
Safety & Crime
Panama reports 338 violent crimes per 100,000 residents
, which is 11% below the national average of 380/100K.
Property crime is 3,349/100K.
Education
15.0% of adults in Panama hold a bachelor's degree or higher
(55% below the national average).
92.5% have completed high school. Local schools score 6.5/10 in standardized testing.
Climate & Weather
Panama has an average annual temperature of 51°F (11°C).
Winters average 24°F in January while summers reach 76°F in July. The area gets 275 sunny days per year. Annual precipitation totals 32.3 inches. Air quality is rated Good with a median AQI of 32.
Data Overview
People
Population223
Median Age51.8 yrs
Density796/mi²
Male / Female44% / 57%
Foreign Born13.6%
Veterans6.3%
Economy
A+
Median Income$89,583
Per Capita$49,787
Unemployment3.4%
Poverty4.4%
County GDP$28,815M
Avg Weekly Wage$1,141
Housing
A+
Home Value$196,000
Rent$1,250
Ownership88.5%
Zillow$268,602
Housing Units109
Rent Burden26.3%
Crime
F
Violent338/100K
Property3,349/100K
Health
Obesity32.7%
Diabetes7.4%
Smoking10.2%
Heart Disease4.4%
Premature Death6,252/100K
Climate
Avg Temp51°F
Sunny Days275/yr
Rain32.3 in/yr
AQI32 (Good)
Elevation1,405 ft
Education
C
Bachelor's+15.0%
High School+92.5%
Graduate+5.8%
School Score6.5/10
Community
2024 VoteR 47% / D 51%
Commute33 min
Broadband96.0%
Internet Speed151 Mbps
EV Stations51
Libraries9
Did You Know?
The median home in Panama was built in 1963.
The nearest airport is Lincoln (26 miles).
The Gini coefficient (income inequality) is 0.451 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
17.4% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 151 Mbps.
There are 794 restaurants in the area.
The county recorded 26 fatal vehicle crashes.
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