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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 $122,823 Zillow
$833 Median Rent 30.7% income on rent
63°F Avg Temperature 318 sunny days/yr
46 Violent Crime/100K 872 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$45,489 median income, 2.9% unemployment
A+
Affordability
5.0 / 5.0
$121,100 home value, $833/mo rent
F
Safety
1.0 / 5.0
46 violent crimes/100K
D
Education
1.6 / 5.0
7.4% bachelor's degree or higher

Income Overview

Median Household Income
$45,489
39% below
US avg: $75,149
Per Capita Income
$20,687
47% below
US avg: $39,052
Unemployment Rate
2.9%
19% below
US avg: 3.6%
Poverty Rate
20.5%
65% above
US avg: 12.4%

Income Comparison: Panama vs. U.S. Average

Each bar shows Panama’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$45,489
61%
Per Capita
US: $39,052
$20,687
53%
IRS Avg AGI
US: $72,000
$69,751
97%
Avg Weekly Wage
US: $1,432
$1,061
74%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,061
26% below US avg ($1,432)
Mean Commute Time
25 min
9% below US avg (28 min)
Work From Home
9.4%
38% below US avg (15.2%)
Drive Alone
82.2%
12% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$9,255M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 82.2%
Public Transit 0%
Work From Home 9.4%
Other 8.4%
Average commute time
25 minutes
US avg: 28 min

Business Landscape

Total Establishments
3,751
Restaurants
302
Healthcare
482
Retail
538
Manufacturing
156

Tax & Financial

IRS Avg Adjusted Gross Income
$69,751
3% below US avg ($72,000)
Avg Property Tax
$3,305
6% below US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$45,489
Per Capita Income$20,687
IRS Avg Adjusted Gross Income$69,751
Avg Weekly Wage$1,061
County GDP$9,255M

Hardship Indicators

Unemployment Rate2.9%
Poverty Rate20.5%
Gini Coefficient0.504
Cost of Living Index87.8

Commute

Mean Commute25 minutes
Drive Alone82.2%
Public Transit0.0%
Work From Home9.4%

Businesses

Total Establishments3,751
Restaurants302
Healthcare482
Retail538
Manufacturing156

Tax

IRS Avg AGI$69,751
Avg Property Tax$3,305