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CITY · 2000 CENSUS

Panama

Iowa · 212 residents · 0.29 sq mi
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The short version

Panama has lower-than-average household income, with a median household income of $37,917. Population has held roughly steady since 1990. 10% of adults hold a bachelor's degree or higher, below the national rate of 24%. Median home value has more than doubled since 1990, reaching $63,200. Poverty is rare here, at 5.6% of residents.

At a glance
Lower income
below the US median
US median: $42,589
Older
median age 39.7
US median: 35.2
Less educated
10% hold a bachelor's degree
US average: 24%
Less affordable
home values up 64%, inflation adjusted
US median home: $120,530
Section 01

Population & growth

212
+2%since 1990
from 207 in 1990
1990 – 2025
731 / sq mi
+2%since 1990
from 714 / sq mi in 1990
US average: 242
39.7
Unchangedsince 1990
from 39.8 in 1990
US average: 35.2
Population, 19902024
1772062352642931990201020202024Panama
2024245
1990201020202024
Section 02

Income & economy

$37,917
+22%inflation adjusted, since 1990
from $23,500 in 1990
US average: $42,589
1990 – 2024
$20,078
+82%since 1990
from $11,050 in 1990
US average: $21,522
5.6%
−2.7 ptssince 1990
from 8.2% in 1990
US average: 12.4%
Section 03

Housing

$63,200
+64%inflation adjusted, since 1990
from $29,300 in 1990
US average: $120,530
1990 – 2024
$338
+10%inflation adjusted, since 1990
from $233 in 1990
US average: $602
90.6%
+4.0 ptssince 1990
from 86.7% in 1990
9.4% rent
1.7
+34%since 1990
from 1.2 in 1990
1990 – 2024
RELATED:See current rent listings in Panama on RentDataNow
Section 04

Race & ethnicity

1990
White, non-Hispanic100%(207)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Diversity Score0%(0)
2000
White, non-Hispanic98.1%(208)
Black0.5%(1)
Hispanic / Latino0%(0)
Asian0%(0)
Diversity Score1.2%(3)
1
from 0 in 1990
1990 – 2024
Section 05

Education

9.7%
+2.4 ptssince 1990
from 7.2% in 1990
US average: 24.4%
High school or higher
85.8%
+17.4 ptssince 1990
from 68.4% in 1990
US average: 80.3%
1.9%
+1.9 ptssince 1990
from 0.0% in 1990
US average: 8.8%
Section 06

Commute & transportation

16.7 min
−24%since 1990
from 21.9 min in 1990
US average: 17.6
Section 07

Work & employment

No data for the years selected.

Section 08

People & community

No data for the years selected.

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Frequently asked

How many people live in Panama, Iowa?

Panama, Iowa has about 212 residents according to the 2000 Census.

What is the median household income in Panama, Iowa?

The typical household in Panama, Iowa earns about $37,917 a year. Half of households make more than that, and half make less.

Is Panama, Iowa expensive?

In Panama, Iowa, the median home is worth about $63,200, and the typical rent is about $338 a month.

How educated are people in Panama, Iowa?

About 9.7% of adults age 25 and over in Panama, Iowa hold a bachelor's degree or higher.

What is the poverty rate in Panama, Iowa?

About 5.6% of people in Panama, Iowa live below the federal poverty line.

Has Panama, Iowa grown since 1990?

Yes, Panama, Iowa has grown since 1990. The population has added about 5 residents, a change of about 2 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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