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CITY · 2020 ACS

Panama

Nebraska · 235 residents · 0.284 sq mi
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The short version

Panama is wealthier than most US places, with a median household income of $85,625. Population has declined 7% since 2000. 19% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $146,200. With a median age of 44.5, the population is older than the US median of 38.8. Households here earn about 36% more than the Nebraska median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 44.5
US median: 38.8
Less educated
19% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
235
−7%since 2000
from 253 in 2000
1990 – 2025
Population density
827 / sq mi
−7%since 2000
from 891 / sq mi in 2000
US average: 280
Median age
44.5
+21%since 2000
from 36.8 in 2000
US average: 38.8
Population, 1990 – 2024
1902232562893221990201020202024Panama
2024232
1990201020202024
Section 02

Income & economy

Median household income
$85,625
+19%inflation adjusted, since 2000
from $47,841 in 2000
US average: $66,278
1990 – 2024
Per capita income
$39,093
+122%since 2000
from $17,596 in 2000
US average: $35,364
Households earning $100K+
60.2%
+14.3 ptssince 2009
from 45.9% in 2009
US average: 43.9%
Poverty rate
4.4%
+3.0 ptssince 2000
from 1.4% in 2000
US average: 12.8%
Workforce by industry, 2020
Information11.9%
US avg: 11.1%
Wholesale trade7.7%
US avg: 6.7%
Arts, entertainment, food7.7%
US avg: 2%
Other services7.1%
US avg: 6.6%
Public administration6.5%
US avg: 4.7%
Retail trade3%
US avg: 10%
Finance & insurance3%
US avg: 5.5%
Transportation & warehousing2.4%
US avg: 2.5%
Professional, scientific, technical2.4%
US avg: 4.7%
Agriculture, forestry, fishing1.2%
US avg: 1.7%
Construction1.2%
US avg: 1.2%
Education & health services0.6%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$146,200
+12%inflation adjusted, since 2000
from $86,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$725
−8%inflation adjusted, since 2000
from $525 in 2000
US average: $1,124
Owner-occupied
84.4%
+5.1 ptssince 2000
from 79.4% in 2000
15.6% rent
Afford Score
1.7
−6%since 2000
from 1.8 in 2000
1990 – 2024
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)
2020
White, non-Hispanic92.3%(217)
Black0.4%(1)
Hispanic / Latino1.3%(3)
Asian0.9%(2)
Other5.2%(12)
Diversity Score18.3%(43)
Diversity Score
18
+276%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
18.8%
+2.7 ptssince 2000
from 16.1% in 2000
US average: 32.9%
High school or higher
96.0%
+6.1 ptssince 2000
from 89.9% in 2000
US average: 88.5%
Graduate degree
8.5%
+3.8 ptssince 2000
from 4.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
30.0 min
+29%since 2000
from 23.3 min in 2000
US average: 26.9
Drive alone to work
71.9%
−19.5 ptssince 2009
from 91.3% in 2009
US average: 75.1%
No vehicle available
0.0%
−2.7 ptssince 2009
from 2.7% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.5%
+3.5 ptssince 2011
from 1.1% in 2011
US average: 5.4%
Labor force participation
84.6%
+5.1 ptssince 2011
from 79.5% in 2011
US average: 63.4%
Management & professional
38.7%
−13.6 ptssince 2009
from 52.3% in 2009
US average: 39.3%
Section 08

People & community

Male
46.4%
−11.8 ptssince 2009
from 58.2% in 2009
Female
53.6%
+11.8 ptssince 2009
from 41.8% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
4.0%
−85.8 ptssince 2013
from 89.8% in 2013
US average: 8.8%
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$71,867−16%
Home value$264,000+81%
Population301,522+130997%
SEE FULL COMPARISON →
PANAMA VS
Beatrice
Income$57,264−33%
Home value$159,300+9%
Population12,318+5256%
SEE FULL COMPARISON →
PANAMA VS
Gretna
Income$123,992+45%
Home value$341,600+134%
Population9,207+3903%
SEE FULL COMPARISON →
PANAMA VS
Papillion
Income$111,679+30%
Home value$311,000+113%
Population25,127+10825%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama, Nebraska?

Panama, Nebraska has about 235 residents according to the 2020 American Community Survey.

What is the median household income in Panama, Nebraska?

The typical household in Panama, Nebraska earns about $85,625 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 $146,200, and the typical rent is about $725 a month.

How educated are people in Panama, Nebraska?

About 18.8% 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 4.4% 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 34 residents, a change of about 17 percent over that period.

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

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