Census Bureau data for Panama town from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Panama town
- What is the median household income in Panama town?
- The median household income in Panama town is $45,489 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Panama town?
- The poverty rate in Panama town is 20.5% (U.S. Census Bureau ACS 2023).
- What is the median home value in Panama town?
- $121,100 (U.S. Census Bureau ACS 2023).
- What is the average rent in Panama town?
- The median gross rent in Panama town is $833 per month (U.S. Census Bureau ACS 2023).
- What percentage of Panama town residents have a college degree?
- 7.4% of adults in Panama town hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,432
Median Income
$45,489
Median Home Value
$121,100
Poverty Rate
20.5%
Unemployment (ACS 2023)
5.3%
Median Age
30.0 yrs
Since 2019
Median Income:
+$14,143 (+45.1%)
Home Value:
+$61,100 (+101.8%)
Poverty Rate:
-5.3 pp (-20.5%)
Bachelor's+:
-1.3 pp (-14.9%)
Unemployment:
-1.1 pp (-17.2%)
Demographics
Total Population
1,432
Median Age
30.0
Female
48.3%
Race & Ethnicity
Hispanic or Latino 4.1%
White (non-Hisp.) 63.7%
Black 0.2%
Asian 0.6%
Two or More 20.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$45,489
±$15,411
-$18,114 vs. state
Per Capita Income
$63,674
Median Family Income
$59,135
Poverty Rate
20.5%
+9.4 pp vs. state
Child Poverty Rate
36.2%
Working-Age Poverty Rate
—
SNAP Recipients
33.0%
Social Security Income
—
Retirement Income
15.5%
Household Income Distribution
< $10k
6.2%
$10–15k
11.4%
$15–25k
9.2%
$25–35k
12.3%
$35–50k
14.2%
$50–75k
11.7%
$75–100k
24.2%
$100–150k
9.8%
$150–200k
1.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
680
Owner-Occupied
65.5%
Renter-Occupied
34.5%
Vacancy Rate
14.9%
Median Home Value
$121,100
-$64,800 vs. state
Median Gross Rent
$833
Owner Cost Burden (30%+)
26.7%
Renter Cost Burden (30%+)
40.6%
Home Value Distribution
< $50k
13.5%
$50–100k
24.5%
$100–200k
25.1%
$200–300k
31.1%
$300–500k
0.8%
Gross Rent Distribution
< $500
15.3%
$500–1k
58.7%
$1–1.5k
24.5%
$1.5–2k
1.5%
Vehicle Availability
No vehicle
6.7%
1 vehicle
35.4%
2 vehicles
45.8%
3+
12.1%
Housing Type
Single-fam. det.
77.5%
2–4 units
2.1%
5–19 units
3.1%
Mobile home
13.7%
Housing Age
Pre-1940
4.6%
1940–1969
7.6%
1970–1999
16.9%
2000–2009
10.4%
2010+
3.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
87.9%
Bachelor's or Higher
7.4%
-20.4 pp vs. state
Graduate Degree
2.2%
Some College / Associate
16.5%
Less Than High School
2.4%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
55.7%
Unemployment Rate
5.3%
+0.4 pp vs. state
Work from Home
9.4%
Self-Employed
3.0%
Government Workers
12.5%
Private For-Profit
84.5%
Industry
Retail
33.9%
Edu/Health
18.2%
Manufacturing
12.2%
Arts/Entmt.
10.1%
Construction
8.1%
Transportation
4.3%
Prof. Services
2.2%
Finance
1.7%
Wholesale
1.7%
Agriculture
1.7%
Information
1.5%
Public Admin
0.6%
Occupation
Sales
39.1%
Management
19.7%
Food Prep
16.9%
Production
16.5%
Construction
7.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
25.1 min
Drove Alone
82.2%
Carpool
6.4%
Public Transit
0.0%
Work from Home
9.4%
Walked
1.5%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
579
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
53.0%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
15.5%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
15.5%
5–9
7.1%
10–14
4.7%
15–19
4.1%
20–24
7.5%
25–34
19.6%
35–44
8.0%
45–54
6.6%
55–64
4.5%
65–74
3.2%
75–84
14.2%
85+
4.1%
Under 18: 30.1%
Working age (18–64): 69.9%
65 and over: 19.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
1.1%
Naturalized Citizen
25.0%
Speaks English Less Than Very Well
0.7%
Foreign-Born Origin
Latin America
50.0%
Asia
25.0%
Europe
25.0%
Veterans & Disability
Veteran
11.1%
With a Disability
18.3%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
80.8%
Uninsured
19.2%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
88.6%
Has a Computer
95.3%
Same House 1 Year Ago
82.1%
Moved from Abroad
0.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023