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CITY · 2000 CENSUS

Panama

New York · 491 residents · 2.209 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 $31,250. Population has held roughly steady since 1990. Median home value is $60,900. Households here earn about 28% less than the New York median.

At a glance
Lower income
below the US median
US median: $42,589
Older
median age 40.1
US median: 35.2
Less educated
19% hold a bachelor's degree
US average: 24%
Stable housing
home values roughly flat, inflation adjusted
US median home: $120,530
Section 01

Population & growth

491
+8%since 1990
from 454 in 1990
1990 – 2025
222 / sq mi
+8%since 1990
from 206 / sq mi in 1990
US average: 242
40.1
+19%since 1990
from 33.7 in 1990
US average: 35.2
Population, 19902024
4034304584855121990201020202024Panama
2024451
1990201020202024
Section 02

Income & economy

$31,250
−4%inflation adjusted, since 1990
from $24,625 in 1990
US average: $42,589
1990 – 2024
$16,410
+63%since 1990
from $10,095 in 1990
US average: $21,522
11.7%
−4.3 ptssince 1990
from 15.9% in 1990
US average: 12.4%
Section 03

Housing

$60,900
+10%inflation adjusted, since 1990
from $42,100 in 1990
US average: $120,530
1990 – 2024
$399
−4%inflation adjusted, since 1990
from $315 in 1990
US average: $602
72.8%
+6.1 ptssince 1990
from 66.7% in 1990
27.2% rent
1.9
+14%since 1990
from 1.7 in 1990
1990 – 2024
RELATED:See current rent listings in Panama on RentDataNow
Section 04

Race & ethnicity

1990
White, non-Hispanic100%(454)
Black0%(0)
Hispanic / Latino0.2%(1)
Asian0%(0)
Diversity Score0.5%(2)
2000
White, non-Hispanic96.5%(474)
Black1%(5)
Hispanic / Latino0.6%(3)
Asian0.2%(1)
Diversity Score4.6%(23)
5
+738%since 1990
from 1 in 1990
1990 – 2024
Section 05

Education

18.8%
+6.1 ptssince 1990
from 12.8% in 1990
US average: 24.4%
High school or higher
84.6%
+7.0 ptssince 1990
from 77.7% in 1990
US average: 80.3%
7.2%
+3.3 ptssince 1990
from 3.9% in 1990
US average: 8.8%
Section 06

Commute & transportation

11.3 min
−36%since 1990
from 17.7 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, New York?

Panama, New York has about 491 residents according to the 2000 Census.

What is the median household income in Panama, New York?

The typical household in Panama, New York earns about $31,250 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 $60,900, and the typical rent is about $399 a month.

How educated are people in Panama, New York?

About 18.8% 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 11.7% of people in Panama, New York live below the federal poverty line.

Has Panama, New York grown since 1990?

Yes, Panama, New York has grown since 1990. The population has added about 37 residents, a change of about 8 percent over that period.

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

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