At a Glance
Median Income
$45,489
$20,687 per capita
Home Value
$121,100
Zillow: $122,823
Median Rent
$833/mo
30.7% of income on rent
Violent Crime
46/100K
872/100K property
Bachelor's Degree+
7.4%
87.9% high school+
Unemployment
2.9%
20.5% poverty rate
Obesity Rate
39.8%
22.5% smoking rate
Avg Temperature
63°F
318 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?
C+
2.6 / 5.0 — Fair
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Panama residents earn a median household income of $45,489 , which is 39% below the national average of $75,149.
Per capita income is $20,687. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 20.5% of residents live below the poverty line. The area is home to 3,751 business establishments, including 302 restaurants.
Housing & Cost of Living
The median home value in Panama is $121,100 , 57% below the national median of $281,900.
Zillow estimates the typical home at $122,823. Median rent is $833/month, with 30.7% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1982.
Safety & Crime
Panama reports 46 violent crimes per 100,000 residents
, which is 88% below the national average of 380/100K.
Property crime is 872/100K.
Education
7.4% of adults in Panama hold a bachelor's degree or higher
(78% below the national average).
87.9% have completed high school. Local schools score 5.1/10 in standardized testing.
Climate & Weather
Panama has an average annual temperature of 63°F (17°C).
Winters average 42°F in January while summers reach 83°F in July. The area gets 318 sunny days per year. Air quality is rated Good with a median AQI of 45.
Data Overview
People
Population1,432
Median Age30.5 yrs
Density634/mi²
Male / Female52% / 48%
Foreign Born13.6%
Veterans11.1%
Economy
B
Median Income$45,489
Per Capita$20,687
Unemployment2.9%
Poverty20.5%
County GDP$9,255M
Avg Weekly Wage$1,061
Housing
A+
Home Value$121,100
Rent$833
Ownership65.5%
Zillow$122,823
Housing Units652
Rent Burden30.7%
Crime
F
Violent46/100K
Property872/100K
Health
Obesity39.8%
Diabetes12.6%
Smoking22.5%
Heart Disease7.3%
Premature Death11,659/100K
Climate
Avg Temp63°F
Sunny Days318/yr
AQI45 (Good)
Elevation451 ft
Education
D
Bachelor's+7.4%
High School+87.9%
Graduate+3.0%
School Score5.1/10
Community
2024 VoteR 68% / D 30%
Commute25 min
Broadband88.6%
Internet Speed154 Mbps
EV Stations2
Libraries7
Did You Know?
The median home in Panama was built in 1982.
The nearest airport is Fort Smith Regional (18 miles).
The Gini coefficient (income inequality) is 0.504 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
21.1% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 154 Mbps.
There are 302 restaurants in the area.
The county recorded 19 fatal vehicle crashes.
All Countries
