Panama is a city located in Shelby County, Iowa. Panama has a 2025 population of 237. Panama is currently declining at a rate of 0% annually and its population has decreased by 0% since the most recent census, which recorded a population of 237 in 2020.
The average household income in Panama is $94,444 with a poverty rate of 4.26%.The median age in Panama is 36.8 years: 36.5 years for males, and 38.2 years for females.
Data after 2023 is projected based on recent change
The racial composition of Panama includes 89.05% White, and smaller percentages for other race, Native American and multiracial populations.
Race | Population | Percentage (of total) |
|---|---|---|
| White | 252 | 89.05% |
| Two or more races | 24 | 8.48% |
| Other race | 5 | 1.77% |
| Native American | 2 | 0.71% |
Married
Widowed
Divorced
Separated
Never Married
Panama's average per capita income is $52,500. Household income levels show a median of $61,250. The poverty rate stands at 4.26%.
Name | Median | Mean |
|---|---|---|
| Married Families | $126,875 | - |
| Families | $126,458 | $141,872 |
| Households | $61,250 | $94,444 |
| Non Families | $36,823 | $41,966 |
Average Income
Median Household Income
Poverty Rate