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CITY · 2010 ACS

Panama

New York · 479 residents · 2.209 sq mi
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The short version

Panama has lower-than-average household income, with a median household income of $40,000. Population has held roughly steady since 2000. Median home value is $75,700. Poverty is rare here, at 5.0% of residents. Households here earn about 28% less than the New York median.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 40.7
US median: 37.2
Average education
26% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
479
−2%since 2000
from 491 in 2000
1990 – 2025
Population density
217 / sq mi
−2%since 2000
from 222 / sq mi in 2000
US average: 261
Median age
40.7
+1%since 2000
from 40.1 in 2000
US average: 37.2
Population, 1990 – 2024
4034304584855121990201020202024Panama
2024451
1990201020202024
Section 02

Income & economy

Median household income
$40,000
+1%inflation adjusted, since 2000
from $31,250 in 2000
US average: $52,703
1990 – 2024
Per capita income
$19,702
+20%since 2000
from $16,410 in 2000
US average: $27,286
Households earning $100K+
17.2%
+0.9 ptssince 2009
from 16.3% in 2009
US average: 33.3%
Poverty rate
5.0%
−6.6 ptssince 2000
from 11.7% in 2000
US average: 13.8%
Income inequality (Gini)
0.391
US average: 0.461
Workforce by industry, 2010
Retail trade15%
US avg: 10.9%
Information5.8%
US avg: 11.5%
Finance & insurance5.3%
US avg: 5.1%
Professional, scientific, technical5.3%
US avg: 4.2%
Other services4.4%
US avg: 7%
Transportation & warehousing3.4%
US avg: 3.1%
Public administration3.4%
US avg: 4.9%
Wholesale trade2.4%
US avg: 7.2%
Arts, entertainment, food1.9%
US avg: 2.4%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$75,700
−2%inflation adjusted, since 2000
from $60,900 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$485
−4%inflation adjusted, since 2000
from $399 in 2000
US average: $853
Owner-occupied
36.4%
−36.4 ptssince 2000
from 72.8% in 2000
31.8% rent
Vacancy rate
0.0%
−1.7 ptssince 2009
from 1.7% in 2009
US average: 12.1%
Owner cost-burdened
23.5%
+8.1 ptssince 2009
from 15.4% in 2009
US average: 30.9%
Renter cost-burdened
48.7%
−13.2 ptssince 2009
from 61.9% in 2009
US average: 46.8%
Afford Score
1.9
−3%since 2000
from 1.9 in 2000
1990 – 2024
RELATED:See current rent listings in Panama on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.5%(474)
Black1%(5)
Hispanic / Latino0.6%(3)
Asian0.2%(1)
Other0%
Diversity Score4.6%(23)
2010
White, non-Hispanic96%(460)
Black0.2%(1)
Hispanic / Latino1.9%(9)
Asian0.4%(2)
Other1.7%(8)
Diversity Score10.1%(49)
Diversity Score
10
+120%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
25.8%
+6.9 ptssince 2000
from 18.8% in 2000
US average: 27.9%
High school or higher
90.5%
+5.9 ptssince 2000
from 84.6% in 2000
US average: 84.9%
Graduate degree
12.0%
+4.7 ptssince 2000
from 7.2% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
23.4 min
+106%since 2000
from 11.3 min in 2000
US average: 25.2
Drive alone to work
84.5%
−0.7 ptssince 2009
from 85.2% in 2009
US average: 76.2%
Carpooled to work
7.3%
+0.1 ptssince 2009
from 7.1% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
1.0%
+1.0 ptssince 2009
from 0.0% in 2009
US average: 4.1%
Walked to work
7.3%
−0.4 ptssince 2009
from 7.7% 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
4.2%
−0.3 ptssince 2009
from 4.5% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
35.0%
+3.3 ptssince 2009
from 31.6% in 2009
US average: 12.9%
Management & professional
34.0%
−25.7 ptssince 2009
from 59.7% in 2009
US average: 35.2%
Section 08

People & community

Male
46.7%
−0.3 ptssince 2009
from 46.9% in 2009
Female
53.3%
+0.3 ptssince 2009
from 53.1% in 2009
Foreign born
0.4%
−0.1 ptssince 2009
from 0.5% in 2009
US average: 12.8%
Veterans
10.6%
−38.1 ptssince 2009
from 48.7% in 2009
US average: 9.9%
Drill deeper

Places similar to Panama

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Pop 427
Bowersville
Pop 427
Ephesus
Pop 497
Hickox
Pop 520
Places similar to Panama
Head to head

Compare Panama to nearby cities

PANAMA VS
Jamestown
Income$43,523+9%
Home value$87,700+16%
Population27,663+6061%
SEE FULL COMPARISON →
PANAMA VS
Warren
Income$53,815+35%
Home value$103,800+37%
Population9,046+1915%
SEE FULL COMPARISON →
PANAMA VS
Northwest Harborcreek
Income$93,617+134%
Home value$225,800+198%
Population8,753+1849%
SEE FULL COMPARISON →
PANAMA VS
Fredonia
Income$50,433+26%
Home value$192,500+154%
Population9,283+1967%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama, New York?

Panama, New York has about 479 residents according to the 2010 American Community Survey.

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

The typical household in Panama, New York earns about $40,000 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 $75,700, and the typical rent is about $485 a month.

How educated are people in Panama, New York?

About 25.8% 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 5.0% 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 25 residents, a change of about 6 percent over that period.

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

How we source and harmonize this data →

Panama, New York (2010): demographics, income & housing data · CensusEasy