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, Black or African American, Asian, Native Hawaiian or Pacific Islander and multiracial populations.
White
Two or more races
Other race
Native American
Black or African American
Asian
Native Hawaiian or Pacific Islander
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% |
| Black or African American | 0 | 0% |
| Asian | 0 | 0% |
| Native Hawaiian or Pacific Islander | 0 | 0% |
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