CensusEasy
CITY

Panama

Nebraska · 230 residents (2025 est.) · 0.284 sq mi
Time machine
COMPARE TO
Part of the Lincoln metro area
Compare
The short version

Panama is wealthier than most US places, with a median household income of $94,514. Population has declined 8% since 2000. 13% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $197,800. With a median age of 52.7, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 52.7
US median: 38.9
Less educated
13% hold a bachelor's degree
US average: 36%
Less affordable
home values up 26%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
232
−8%since 2000
from 253 in 2000
1990 – 2025
Population density
817 / sq mi
−8%since 2000
from 891 / sq mi in 2000
US average: 281
Median age
52.7
+43%since 2000
from 36.8 in 2000
US average: 38.9

PEP 2025 EST:230 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
1902232562893221990201020202024Panama
2024232
1990201020202024
Section 02

Income & economy

Median household income
$94,514
+8%inflation adjusted, since 2000
from $47,841 in 2000
US average: $82,259
1990 – 2024
Per capita income
$50,240
+186%since 2000
from $17,596 in 2000
US average: $44,673
Households earning $100K+
73.8%
+27.8 ptssince 2009
from 45.9% in 2009
US average: 53.3%
Poverty rate
3.5%
+2.0 ptssince 2000
from 1.4% in 2000
US average: 12.5%
Income inequality (Gini)
0.318
Unchangedsince 2010
from 0.318 in 2010
US average: 0.476
Workforce by industry, 2024
Information10.9%
US avg: 10.8%
Wholesale trade8.8%
US avg: 6.9%
Retail trade5.1%
US avg: 9.9%
Other services5.1%
US avg: 6.7%
Public administration4.4%
US avg: 4.8%
Arts, entertainment, food3.6%
US avg: 1.9%
Transportation & warehousing1.5%
US avg: 2.2%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Construction0.7%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$197,800
+26%inflation adjusted, since 2000
from $86,500 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,313
+37%inflation adjusted, since 2000
from $525 in 2000
US average: $1,442
Owner-occupied
88.3%
+9.0 ptssince 2000
from 79.4% in 2000
11.7% rent
Vacancy rate
11.2%
+4.9 ptssince 2009
from 6.3% in 2009
US average: 10.0%
Owner cost-burdened
7.7%
+1.6 ptssince 2009
from 6.1% in 2009
US average: 22.9%
Renter cost-burdened
16.7%
+16.7 ptssince 2009
from 0.0% in 2009
US average: 47.4%
Afford Score
2.1
+16%since 2000
from 1.8 in 2000
1990 – 2024
Gentrification Score
34
RELATED:See current rent listings in Panama on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98%(248)
Black0.8%(2)
Hispanic / Latino0.8%(2)
Asian0.4%(1)
Other0%
Diversity Score4.9%(12)
2024
White, non-Hispanic87.1%(202)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other12.9%(30)
Diversity Score28.1%(65)
Diversity Score
28
+477%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
12.8%
−3.3 ptssince 2000
from 16.1% in 2000
US average: 35.6%
High school or higher
95.3%
+5.5 ptssince 2000
from 89.9% in 2000
US average: 89.6%
Graduate degree
7.0%
+2.2 ptssince 2000
from 4.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
33.8 min
+45%since 2000
from 23.3 min in 2000
US average: 26.5
Drive alone to work
83.2%
−8.1 ptssince 2009
from 91.3% in 2009
US average: 68.9%
Carpooled to work
4.4%
−1.1 ptssince 2009
from 5.5% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
11.7%
+8.5 ptssince 2009
from 3.1% in 2009
US average: 15.0%
Walked to work
0.7%
+0.7 ptssince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
−2.7 ptssince 2009
from 2.7% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.5%
+2.5 ptssince 2011
from 1.1% in 2011
US average: 5.2%
Labor force participation
76.8%
−2.7 ptssince 2011
from 79.5% in 2011
US average: 63.5%
Self-employed
20.4%
+6.0 ptssince 2009
from 14.4% in 2009
US average: 13.1%
Management & professional
48.9%
−3.4 ptssince 2009
from 52.3% in 2009
US average: 42.5%
Section 08

People & community

Male
44.0%
−14.2 ptssince 2009
from 58.2% in 2009
Female
56.0%
+14.2 ptssince 2009
from 41.8% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
5.4%
−52.1 ptssince 2009
from 57.5% in 2009
US average: 6.2%
With a disability
15.5%
+5.2 ptssince 2012
from 10.3% in 2012
US average: 13.3%
Uninsured
0.9%
−88.9 ptssince 2013
from 89.8% in 2013
US average: 8.4%
Broadband at home
93.2%
+16.7 ptssince 2017
from 76.5% in 2017
US average: 91.0%
English only at home
99.0%
−0.6 ptssince 2016
from 99.6% in 2016
US average: 77.7%
Spanish at home
0.5%
+0.1 ptssince 2016
from 0.4% in 2016
US average: 13.6%
Drill deeper

Places similar to Panama

Sorrento
Pop 270
Highland Park
Pop 293
Bethel
Pop 274
Bayport
Pop 189
Places similar to Panama
Head to head

Compare Panama to nearby cities

PANAMA VS
Lincoln
Income$71,867−24%
Home value$264,000+33%
Population301,522+130997%
SEE FULL COMPARISON →
PANAMA VS
Beatrice
Income$57,264−39%
Home value$159,300−19%
Population12,318+5256%
SEE FULL COMPARISON →
PANAMA VS
Gretna
Income$123,992+31%
Home value$341,600+73%
Population9,207+3903%
SEE FULL COMPARISON →
PANAMA VS
Papillion
Income$111,679+18%
Home value$311,000+57%
Population25,127+10825%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama, Nebraska?

Panama, Nebraska has about 232 residents according to the 2024 American Community Survey.

What is the median household income in Panama, Nebraska?

The typical household in Panama, Nebraska earns about $94,514 a year. Half of households make more than that, and half make less.

Is Panama, Nebraska expensive?

In Panama, Nebraska, the median home is worth about $197,800, and the typical rent is about $1,313 a month.

How educated are people in Panama, Nebraska?

About 12.8% of adults age 25 and over in Panama, Nebraska hold a bachelor's degree or higher.

What is the poverty rate in Panama, Nebraska?

About 3.5% of people in Panama, Nebraska live below the federal poverty line.

Has Panama, Nebraska grown since 1990?

Yes, Panama, Nebraska has grown since 1990. The population has added about 31 residents, a change of about 15 percent over that period.

Keep going

Explore from here

Up the hierarchy
Nebraska
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Panama with another place

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

How we source and harmonize this data →