Panama Flag

Panama

County:
Shelby County
County Seat:
No
Area (mi²):
0.29
State:
Iowa

Panama is a city located in Shelby County, Iowa. Panama has a 2025 population of 234 . Panama is currently declining at a rate of 0% annually and its population has increased by 0.43% since the most recent census, which recorded a population of 233 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. For every 100 females there are 59.9 males.

234
Total Population
807
Density (mi²)

Panama Population

Panama Population

Data after 2023 is projected based on recent change

Demographics

The racial composition of Panama includes 89.05% White, and smaller percentages for other race, Native American and multiracial populations.

Population by Race

White (89.05%)

Two or more races (8.48%)

Other race (1.77%)

Native American (0.71%)

Race
Population
Percentage (of total)
White25289.05%
Two or more races248.48%
Other race51.77%
Native American20.71%

Panama Marital Status

OverallMalesFemales0%10%20%30%40%50%60%70%80%90%100%

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

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%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.
Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.
Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.
Name
Median
Mean
Married Families$126,875-
Families$126,458$141,872
Households$61,250$94,444
Non Families$36,823$41,966

$52,500

Average Income

$61,250

Median Household Income

4.26%

Poverty Rate

Nearby Cities

Sources

  1. US Census State Population Estimates - Most recent state estimates from the Census Bureau's Population Estimates Program
  2. US Census County Population Estimates - Most recent county estimates from the Census Bureau's Population Estimates Program
  3. American Community Survey (2009 - 2013)
  4. Census QuickFacts
  5. Historical Populations of States and Counties (1790 - 1990)