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Panola, IL

Illinois · Metropolitan Area

Panola is a small town in Illinois with a population of 32. Residents earn $78,750 per year, which is 5% above the national average.

4.5 /5.0
A+ Excellent
32 Population 74/sq mi density
$78,750 Median Income $41,216 per capita
$123,200 Home Value
51°F Avg Temperature 275 sunny days/yr
A+
Overall
4.5 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$78,750 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$123,200 home value
B+
Education
3.9 / 5.0
36.0% bachelor's degree or higher
Median Income $78,750
5% higher than US avg
Home Value $123,200
56% lower than US avg
Bachelor's+ 36.0%
7% higher than US avg
Unemployment 0.0%
100% lower than US avg
Poverty Rate 0.0%
100% lower than US avg

How Panola Compares to the U.S. Average (100% = U.S. avg)

People

Population32
Median Age53.5 yrs
Density74/mi²
Male / Female63% / 38%
Largest GroupWhite 100%
Veterans28.0%

Economy

A+
Median Income$78,750
Per Capita$41,216
Unemployment0.0%
Poverty0.0%
County GDP$1,783M
Commute31 min

Housing

A+
Home Value$123,200
RentN/A
OwnershipN/A
Housing Units18
Rent Burden28.1%

Climate

Avg Temp51°F (11°C)
AQI43 (Good)
Rain37.7 in/yr
Sunny Days275/yr
Elevation732 ft (223 m)

Education

B+
Bachelor's+36.0%
High School+100.0%
Graduate+13.0%
School Score5.34

Community

2024 VoteR 70% / D 28%
Commute31 min
Broadband17.0%
Libraries9

Is Panola a Good Place to Live?

Based on current data, Panola receives an overall livability score of 4.5 out of 5.0, earning a grade of A+. Key strengths include low unemployment, affordable housing, abundant sunshine, a low poverty rate. Panola stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Panola is $78,750, roughly in line with the national average of $75,149. The job market is very strong with unemployment at just 0.0%. Only 0.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 31 minutes.

Cost of Living & Housing

The median home value in Panola is $123,200, 56% below the national median — offering relatively affordable homeownership. At just 1.6x median income, home prices are very affordable relative to local earnings.

Education

Educational attainment is solid, with 36.0% holding a bachelor's degree or higher, near the national average. 100.0% have completed high school. Area schools have an average test score of 5.3/10.

Climate & Weather

Panola experiences four distinct seasons with an average temperature of 51°F. Winters average 24°F in January while summers reach 75°F in July. With 275 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 37.7 inches, including 21.7 inches of snow. Air quality is rated Good with a median AQI of 43.

Panola has a population of 32 with a density of 74 people per square mile. The median age is 53.5 years, 38% older than the national median of 38.9. The city is predominantly White (100%).

Population

32
Total Population
74
People / sq mi
53.5yrs
Median Age
38% above US avg
0.4mi²
Land Area

Gender Distribution

Male 62.5%
Female 37.5%

Race & Ethnicity

Panola vs U.S. Average

Language Spoken at Home

English Only87.5%
11% above US avg
Spanish12.5%
7% below US avg

Social Characteristics

Panola vs U.S. Average

The median household income in Panola is $78,750, which is 5% above the national average of $75,149. The unemployment rate is 0.0% (below the 3.6% US average). 0.0% of residents live below the poverty line. Workers commute an average of 31 minutes.

Income: Panola vs U.S.

Commute Mode

Income

Median HH Income$78,750
5% above US avg
Per Capita Income$41,216
Avg Weekly Wage$1,058
IRS Avg AGI$97,599

Employment & Poverty

Unemployment0.0%
100% below US avg
Poverty Rate0.0%
100% below US avg
Establishments (County)803
County GDP$1,783M

Business (County)

Restaurants56
Healthcare42
Retail100
Manufacturing46

Tax & Cost of Living

Property Tax (IRS)$6,738
93% above US avg
Cost of Living100.00 (100=avg)
Effective Tax Rate5.47%

Commute & Transportation

Commute Time31.0 min
Drive Alone100.0%
Public Transit0.0%
Work from Home0.0%

Walkability

The median home value in Panola is $123,200, 56% below the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$123,200
56% below US avg

Real Estate Market (Redfin)

Rental Costs

Rent Burden28.1%

HUD Fair Market Rent

Studio$774
1 Bedroom$854
2 Bedrooms$1,063
3 Bedrooms$1,370
4 Bedrooms$1,561

Ownership & Property

Owner-Occupied100.0%
Housing Units18
Median Year Built2000

Property Tax

Avg Tax (IRS)$6,738
93% above US avg
Effective Rate5.47%
Panola has an average annual temperature of 51°F (11°C). Winters average 24°F in January while summers reach 75°F in July. Annual precipitation is 37.7 inches. The area enjoys 275 sunny days per year. Air quality is rated Good with a median AQI of 43.

Temperature

24°F Jan (-4°C) 75°F Jul (24°C)
Annual Average51.3°F
5% below US avg
January Average24°F (-4°C)
July Average75°F (24°C)
Sunny Days275 days/yr

Precipitation & Snow

Annual Rainfall37.7 inches
1% below US avg
Snowfall21.7 inches/yr

Air Quality

AQI Median43.0
RatingGood

Geography

Elevation732 ft (223 m)
Area0.4 sq mi (1.1 km²)
Population Density74/sq mi
Coordinates40.7828°N, 89.0202°W
TimezoneAmerica/Chicago
County FIPS17203
It is classified as Metro — 250K–1M. 36.0% of residents hold a bachelor's degree or higher (7% above US avg). In the 2024 election, the county voted Republican by a 42.1-point margin. 17.0% of households have broadband internet.

2024 Presidential Election (County)

R 70.3%
D 28.2%

Winner: Republican by 42.1 points

Education

Bachelor's Degree+36.0%
7% above US avg
High School+100.0%
Graduate Degree+13.0%
School Test Score5.34
B+ Education Grade (3.9/5.0)

Urban-Rural Classification

RUCC Code 2Metro — 250K–1M
Population Density74/sq mi
Total Area0.4 sq mi

Infrastructure & Services

Broadband Access17.0%
Public Libraries9
Healthcare Facilities42
Restaurants56
Retail Stores100

Safety & Disasters

Fatal Crashes (County/yr)6

Commute & Transportation

Avg Commute31.0 min
Drive Alone100.0%
Public Transit0.0%
Work from Home0.0%

Nearby Cities

El Paso, IL 2,871 pop · 2.9 mi Gridley, IL 1,339 pop · 7.8 mi Minonk, IL 1,909 pop · 8.9 mi Roanoke, IL 1,987 pop · 9.5 mi Hudson, IL 2,048 pop · 12.4 mi Eureka, IL 5,095 pop · 14.3 mi Lexington, IL 2,074 pop · 15.5 mi Chenoa, IL 1,559 pop · 15.6 mi Toluca, IL 1,313 pop · 16.4 mi Washburn, IL 1,026 pop · 17.1 mi Metamora, IL 4,094 pop · 18.2 mi Normal, IL 52,908 pop · 18.2 mi Wenona, IL 1,006 pop · 18.4 mi Pontiac, IL 11,483 pop · 21.1 mi
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