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CITY · 2010 ACS

Panama

Illinois · 343 residents · 0.365 sq mi
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The short version

Panama has notably lower household income than the US average, with a median household income of $23,000. Population has held roughly steady since 2000. 0% of adults hold a bachelor's degree or higher, below the national rate of 28%. Median home value has more than doubled since 2000, reaching $52,400. With a median age of 43.6, the population is older than the US median of 37.2. Households here earn about 59% less than the Illinois median.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 43.6
US median: 37.2
Less educated
0% hold a bachelor's degree
US average: 28%
Less affordable
home values up 52%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
343
+6%since 2000
from 323 in 2000
1990 – 2025
Population density
940 / sq mi
+6%since 2000
from 885 / sq mi in 2000
US average: 261
Median age
43.6
+1%since 2000
from 43.3 in 2000
US average: 37.2
Population, 1990 – 2024
1562283003724441990201020202024Panama
2024420
1990201020202024
Section 02

Income & economy

Median household income
$23,000
−37%inflation adjusted, since 2000
from $28,889 in 2000
US average: $52,703
1990 – 2024
Per capita income
$18,195
−16%since 2000
from $21,634 in 2000
US average: $27,286
Households earning $100K+
6.3%
−6.6 ptssince 2009
from 12.9% in 2009
US average: 33.3%
Poverty rate
24.3%
+10.3 ptssince 2000
from 14.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.437
US average: 0.461
Workforce by industry, 2010
Retail trade15.6%
US avg: 10.9%
Information11.7%
US avg: 11.5%
Finance & insurance9.1%
US avg: 5.1%
Education & health services6.5%
US avg: 0.9%
Other services6.5%
US avg: 7%
Public administration6.5%
US avg: 4.9%
Wholesale trade5.2%
US avg: 7.2%
Professional, scientific, technical2.6%
US avg: 4.2%
Arts, entertainment, food1.3%
US avg: 2.4%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 3.1%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$52,400
+52%inflation adjusted, since 2000
from $27,200 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$625
+33%inflation adjusted, since 2000
from $371 in 2000
US average: $853
Owner-occupied
43.0%
−47.9 ptssince 2000
from 91.0% in 2000
15.2% rent
Vacancy rate
25.6%
+8.1 ptssince 2009
from 17.5% in 2009
US average: 12.1%
Owner cost-burdened
8.8%
−2.5 ptssince 2009
from 11.3% in 2009
US average: 30.9%
Renter cost-burdened
57.7%
+11.5 ptssince 2009
from 46.2% in 2009
US average: 46.8%
Afford Score
2.3
+142%since 2000
from 0.9 in 2000
1990 – 2024
RELATED:See current rent listings in Panama on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.8%(316)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%
Diversity Score0%(0)
2010
White, non-Hispanic98%(336)
Black0.3%(1)
Hispanic / Latino1.2%(4)
Asian0%(0)
Other0%(0)
Diversity Score3.6%(12)
Diversity Score
4
from 0 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
0.0%
−1.3 ptssince 2000
from 1.3% in 2000
US average: 27.9%
High school or higher
82.8%
+10.5 ptssince 2000
from 72.3% in 2000
US average: 84.9%
Graduate degree
0.0%
−0.4 ptssince 2000
from 0.4% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
26.7 min
+7%since 2000
from 25.1 min in 2000
US average: 25.2
Drive alone to work
93.2%
+1.9 ptssince 2009
from 91.3% in 2009
US average: 76.2%
Carpooled to work
4.1%
−0.8 ptssince 2009
from 4.8% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
2.7%
−1.1 ptssince 2009
from 3.8% in 2009
US average: 4.1%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
4.7%
−0.6 ptssince 2009
from 5.3% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
32.5%
+5.4 ptssince 2009
from 27.0% in 2009
US average: 12.9%
Management & professional
19.5%
−54.4 ptssince 2009
from 73.9% in 2009
US average: 35.2%
Section 08

People & community

Male
41.9%
−7.5 ptssince 2009
from 49.4% in 2009
Female
58.1%
+7.5 ptssince 2009
from 50.6% in 2009
Foreign born
0.0%
−1.6 ptssince 2009
from 1.6% in 2009
US average: 12.8%
Veterans
15.0%
−32.2 ptssince 2009
from 47.2% in 2009
US average: 9.9%
Drill deeper

Places similar to Panama

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Pop 339
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Pop 363
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Head to head

Compare Panama to nearby cities

PANAMA VS
Highland
Income$82,551+259%
Home value$202,900+287%
Population10,042+2990%
SEE FULL COMPARISON →
PANAMA VS
Troy
Income$112,434+389%
Home value$268,000+411%
Population11,893+3559%
SEE FULL COMPARISON →
PANAMA VS
Bethalto
Income$64,775+182%
Home value$168,900+222%
Population9,202+2731%
SEE FULL COMPARISON →
PANAMA VS
Edwardsville
Income$86,721+277%
Home value$299,800+472%
Population26,463+8042%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama, Illinois?

Panama, Illinois has about 343 residents according to the 2010 American Community Survey.

What is the median household income in Panama, Illinois?

The typical household in Panama, Illinois earns about $23,000 a year. Half of households make more than that, and half make less.

Is Panama, Illinois expensive?

In Panama, Illinois, the median home is worth about $52,400, and the typical rent is about $625 a month.

How educated are people in Panama, Illinois?

About 0.0% of adults age 25 and over in Panama, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Panama, Illinois?

About 24.3% of people in Panama, Illinois live below the federal poverty line.

Has Panama, Illinois grown since 1990?

Yes, Panama, Illinois has grown since 1990. The population has added about 39 residents, a change of about 13 percent over that period.

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

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