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Panama, NE
Full City Profile · Nebraska · Lancaster County County
3.2
/5.0
B
Good
223
Population
796/sq mi density
$89,583
Median Income
$49,787 per capita
$196,000
Home Value
$268,602 Zillow
$1,250
Median Rent
26.3% income on rent
51°F
Avg Temperature
275 sunny days/yr
338
Violent Crime/100K
3,349 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$89,583 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$196,000 home value, $1,250/mo rent
F
Safety
1.0 / 5.0
338 violent crimes/100K
C
Education
2.2 / 5.0
15.0% bachelor's degree or higher
Panama experiences four distinct seasons with 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.
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) |
| Sunny Days | 275 days/yr |
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 |
| Timezone | America/Chicago |
| County | Lancaster County County |
| Nearest Airport | Lincoln (LNK) 26 miles away |
Precipitation & Snow
Air Quality
| AQI Median | 32.0 |
| Rating | Good |
Air Pollutants (EPA 2023)
| Ozone (O₃) | 0.0455 ppm |
| PM2.5 (Fine Particles) | 8.3 μg/m³ |
Natural Hazard Risk
| Overall Risk | Relatively Moderate |
| Risk Score | 90.7 / 100 |
| Social Vulnerability | 14.8 / 100 |
| Community Resilience | 96.6 / 100 |
Hazard Breakdown
| Tornado | Relatively High |
| Hurricane | No Rating |
| Earthquake | Very Low |
| Wildfire | Relatively Moderate |
| Flood | Relatively Moderate |
| Hail | Relatively High |
| Strong Wind | Very High |
| Heat Wave | Relatively Low |
| Winter Weather | Very High |
| Lightning | Relatively High |
| Ice Storm | Relatively High |
| Drought | Relatively Moderate |
| Cold Wave | Relatively Moderate |
| Landslide | Very Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | 24°F (-4°C) | 0.6 in | Coldest, Driest |
| February | 29°F (-2°C) | 0.8 in | |
| March | 40°F (4°C) | 2.4 in | |
| April | 52°F (11°C) | 2.9 in | |
| May | 62°F (17°C) | 4.2 in | Wettest |
| June | 72°F (22°C) | 4.0 in | |
| July | 76°F (24°C) | 3.9 in | Warmest |
| August | 75°F (24°C) | 3.7 in | |
| September | 66°F (19°C) | 3.5 in | |
| October | 54°F (12°C) | 2.4 in | |
| November | 39°F (4°C) | 1.5 in | |
| December | 27°F (-3°C) | 1.0 in |
Panama has a seasonal temperature swing of 52°F / from 24°F in January to 76°F in July. Total annual precipitation is 30.9 inches, with May being the wettest month (4.2") and January the driest (0.6").