Panama

County:: Chautauqua County
County Seat:: No
Area (mi²):: 2.209
State:: New York

Panama is a village located in Chautauqua County, New York. Panama has a 2025 population of 448. Panama is currently declining at a rate of -0.67% annually and its population has decreased by -3.66% since the most recent census, which recorded a population of 465 in 2020.

The average household income in Panama is $66,019 with a poverty rate of 10.92%. The median age in Panama is 48.8 years: 46.3 years for males, and 50.7 years for females.

Demographics

The racial composition of Panama includes 98.53% White, and smaller percentages for Two or more races, Asian, Native American, Black or African American, Native Hawaiian or Pacific Islander, other race and multiracial populations.

Population by Race

White

Two or more races

Asian

Native American

Black or African American

Native Hawaiian or Pacific Islander

Other race

Race	Population	Percentage (of total)
White	469	98.53%
Two or more races	4	0.84%
Asian	2	0.42%
Native American	1	0.21%
Black or African American	0	0%
Native Hawaiian or Pacific Islander	0	0%
Other race	0	0%

Panama Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Panama's average per capita income is $42,143. Household income levels show a median of $57,250. The poverty rate stands at 10.92%.

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	$67,917	-
Families	$62,000	$77,786
Households	$57,250	$66,019
Non Families	-	$38,871

$42,143

Average Income

$57,250

Median Household Income

10.92%

Poverty Rate