Panama, OK
Full City Profile · Oklahoma · Sebastian County County
2.6
/5.0
C+
Fair
1,432
Population
634/sq mi density
$45,489
Median Income
$20,687 per capita
$121,100
Home Value
$115,837 Zillow
$833
Median Rent
30.7% income on rent
62°F
Avg Temperature
91
Violent Crime/100K
183 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$45,489 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$121,100 home value, $833/mo rent
F
Safety
1.0 / 5.0
91 violent crimes/100K
D
Education
1.6 / 5.0
7.4% bachelor's degree or higher
Panama enjoys a temperate climate with an average annual temperature of 62°F (17°C). Winters average 40°F in January while summers reach 83°F in July. Annual precipitation totals 49.1 inches. The area receives 0.6 inches of snow annually.
Temperature
40°F Jan (5°C)
83°F Jul (28°C)
| Annual Average | 62.4°F |
| 16% above US avg | |
| January Average | 40°F (5°C) |
| July Average | 83°F (28°C) |
Geography
| Elevation | 451 ft (137 m) |
| Area | 1.6 sq mi (4.1 km²) |
| Population Density | 634/sq mi |
| Coordinates | 35.1712°N, 94.6684°W |
| Timezone | America/Chicago |
| County | Sebastian County County |
| Nearest Airport | Fort Smith Regional (FSM) 18 miles away |
Precipitation & Snow
Air Quality
Natural Hazard Risk
| Overall Risk | Relatively Moderate |
| Risk Score | 86.8 / 100 |
| Social Vulnerability | 48.9 / 100 |
| Community Resilience | 38.8 / 100 |
Hazard Breakdown
| Tornado | Relatively High |
| Hurricane | Very Low |
| Earthquake | Relatively Low |
| Wildfire | Relatively Moderate |
| Flood | Relatively Moderate |
| Hail | Relatively Low |
| Strong Wind | Relatively Moderate |
| Heat Wave | Relatively Moderate |
| Winter Weather | Relatively High |
| Lightning | Relatively High |
| Ice Storm | Very High |
| Drought | Relatively Low |
| Cold Wave | Relatively Moderate |
| Landslide | Very Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | 40°F (5°C) | 2.9 in | Coldest, Driest |
| February | 45°F (7°C) | 2.9 in | |
| March | 54°F (12°C) | 4.0 in | |
| April | 62°F (17°C) | 5.3 in | |
| May | 70°F (21°C) | 5.5 in | Wettest |
| June | 79°F (26°C) | 4.7 in | |
| July | 83°F (28°C) | 4.1 in | Warmest |
| August | 82°F (28°C) | 3.0 in | |
| September | 75°F (24°C) | 4.2 in | |
| October | 64°F (18°C) | 4.1 in | |
| November | 52°F (11°C) | 4.7 in | |
| December | 43°F (6°C) | 3.8 in |
Panama has a seasonal temperature swing of 43°F / from 40°F in January to 83°F in July. Total annual precipitation is 49.1 inches, with May being the wettest month (5.5") and January the driest (2.9").