United States › New York › Panama CITY
Panama New York · 449 residents (2025 est.) · 2.21 sq mi
Time machine
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The short version
With 451 people, Panama is a city in New York. At a median age of 46.6, this is an older place than the country as a whole. 20% of adults hold a bachelor's degree, below the 36% national rate. Home values have risen by half since 2000, reaching $105,400. 0% of residents were born outside the United States. Households here earn about 29% less than in New York as a whole.
At a glance
Lower income
below the US median
US median: $82,259
Older
median age 46.6
US median: 38.9
Less educated
20% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth from 491 in 2000
449 in 2025 (Census Bureau estimate)
from 193 / sq mi in 2009
US average: 281
from 40.1 in 2000
US average: 38.9
Population, 1990 – 2024
403 430 458 485 512 1990 2000 2010 2020 2024 Panama Age distribution, 2024
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02
Income & economy $60,865
+7%inflation adjusted, since 2000
from $31,250 in 2000
US average: $82,259
from $16,410 in 2000
US average: $44,673
Households earning $100K+
from 16.3% in 2009
US average: 53.3%
from 11.7% in 2000
US average: 12.5%
from 0.391 in 2010
US average: 0.476
Workforce by industry, 2024
Arts, entertainment, food 3.9%
Transportation & warehousing 3.1%
Professional, scientific, technical 2.2%
Public administration 1.3%
Education & health services 0.9%
Agriculture, forestry, fishing 0%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
$105,400
−5%inflation adjusted, since 2000
from $60,900 in 2000
US average: $376,019
$785
+8%inflation adjusted, since 2000
from $399 in 2000
US average: $1,442
from 72.8% in 2000
44.7% rent
from 1.7% in 2009
US average: 10.0%
2.08 people
−13%since 2009
from 2.39 people in 2009
US average: 2.54
from 15.4% in 2009
US average: 22.9%
from 61.9% in 2009
US average: 47.4%
from 1.8 in 2009
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
Section 04
Race & ethnicity 2000
White, non-Hispanic 96.5%(474)
2024
White, non-Hispanic 97.1%(438)
from 5 in 2009
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins
Detailed origins & ancestry Ancestry
+ 5 more ancestry groups with data from 18.8% in 2000
US average: 35.6%
High school or higher
from 84.6% in 2000
US average: 89.6%
from 7.2% in 2000
US average: 14.0%
Section 06
Commute & transportation from 11.3 min in 2000
US average: 26.5
from 85.2% in 2009
US average: 68.9%
from 7.1% in 2009
US average: 8.5%
from 0.0% in 2009
US average: 3.2%
from 0.0% in 2009
US average: 15.0%
from 7.7% in 2009
US average: 2.4%
from 0.0% in 2009
US average: 0.4%
from 4.5% in 2009
US average: 8.3%
Section 07
Work & employment from 11.2% in 2011
US average: 5.2%
from 58.2% in 2011
US average: 63.5%
Women 20-64 in the labor force
from 82.0% in 2020
US average: 74.6%
from 31.6% in 2009
US average: 13.1%
from 33.2% in 2009
US average: 42.5%
Section 08
People & community from 0.5% in 2009
US average: 14.1%
from 11.3% in 2009
US average: 6.2%
from 15.5% in 2012
US average: 13.3%
from 7.3% in 2013
US average: 8.4%
from 77.4% in 2017
US average: 91.0%
Computer in household
from 81.3% in 2020
US average: 95.5%
from 93.4% in 2020
US average: 87.7%
from 99.5% in 2016
US average: 77.7%
from 0.5% in 2016
US average: 13.6%
Marital status
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Section 09
Health coverage from 7.3% in 2013
US average: 8.4%
from 43.3% in 2020
US average: 54.8%
Direct-purchase
from 22.2% in 2020
US average: 13.8%
from 24.0% in 2020
US average: 18.4%
from 32.5% in 2020
US average: 20.9%
VA health care
from 2.0% in 2020
US average: 2.2%
Any private
from 61.9% in 2020
US average: 67.1%
Any public
from 51.8% in 2020
US average: 36.7%
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans Veterans by period of service, 2024
Gulf War (2001 or later) 18.8%(3)
Share of the 16 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
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Frequently asked
How many people live in Panama, New York? Panama, New York has about 451 residents according to the 2024 American Community Survey.
What is the median household income in Panama, New York? The typical household in Panama, New York earns about $60,865 a year. Half of households make more than that, and half make less.
Is Panama, New York expensive? In Panama, New York, the median home is worth about $105,400, and the typical rent is about $785 a month.
How educated are people in Panama, New York? About 19.9% of adults age 25 and over in Panama, New York hold a bachelor's degree or higher.
What is the poverty rate in Panama, New York? About 12.9% of people in Panama, New York live below the federal poverty line.
Has Panama, New York grown since 1990? Yes, Panama, New York has shrunk since 1990. The population has lost about 3 residents, a change of about -1 percent over that period.
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