Panama, Iowa Population 2024

227

Panama is a city located in Shelby County Iowa. Panama has a 2024 population of 227. Panama is currently declining at a rate of -0.87% annually and its population has decreased by -2.58% since the most recent census, which recorded a population of 233 in 2020.

The average household income in Panama is $96,510 with a poverty rate of 6.1%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Panama is 38.2 years, 47.3 years for males, and 30.5 years for females.

Panama Demographics

According to the most recent ACS, the racial composition of Panama was:

  • White: 95.95%
  • Other race: 2.43%
  • Native American: 0.81%
  • Two or more races: 0.81%
  • Black or African American:
  • Asian:
  • Native Hawaiian or Pacific Islander:
State
Iowa
Land Area (mi²)
0.3 sq mi
Density (mi²)
793.80/sq mi
Growth Since 2020
-2.58% (-6)
The current population of Panama, Iowa is 227 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 233.

Panama, Iowa Population 2024

Population by Race

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Race
Population
Percentage (of total)
White23795.95%
Other race62.43%
Native American20.81%
Two or more races20.81%
Black or African American
Asian
Native Hawaiian or Pacific Islander
showing: 7 rows

White

Other race

Native American

Two or more races

Black or African American

Asian

Native Hawaiian or Pacific Islander

Panama Population by Race

Panama Population Pyramid 2024

Panama Median Age

38.2

Total

47.3

Male

30.5

Female

Panama Adults

There are 168 adults, (41 of whom are seniors) in Panama.

Panama Age Dependency

94.5

Age Dependency Ratio

32.3

Old Age Dependency Ratio

62.2

Child Dependency Ratio

Panama Sex Ratio

Female15763.56%
Male9036.44%

Panama Population by Age

Panama Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All972.5593.86.2
Married573.331000
Non Family391.3684.615.4
Male141000
Female000
showing: 5 rows

3.33

Average Family Size

2.55

Average Household Size

93.8%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Panama Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Panama Educational Attainment by Sex (over 25)

Panama Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among other race people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 14.57%.

Panama Educational Attainment by Race

All

Male

Female

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$59,375

Average Earnings

$67,656

Average Male

$49,375

Average Female

Panama Earnings by Educational Attainment

Panama Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Panama Language

100% of Panama residents speak only English, while speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by of the population.

Panama Language

Panama Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White236145.93%
Multiple2150%
showing: 2 rows

6.1%

Overall Poverty Rate

8.89%

Male Poverty Rate

4.49%

Female Poverty Rate

Poverty in Panama

The race most likely to be in poverty in Panama is Multiple, with 50% below the poverty level.

The race least likely to be in poverty in Panama is White, with 5.93% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 1.87%. Among those working part-time, it was 9.68%, and for those that did not work, the poverty rate was 14.49%.

Panama Poverty

rate

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Rate
Poverty
Less Than 9th Grade50%
High School15.09%
Some College2.63%
Bachelors or Greater
showing: 4 rows

Panama Poverty Rate by Education

rate

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Rate
Poverty
Male Employed3.23%
Male Unemployed
Female Employed
Female Unemployed
showing: 4 rows

Panama Poverty Rate by Employment Status and Sex

Panama Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Panama Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

57.4%

Overall Marriage Rate

66.3%

Male Marriage Rate

51.6%

Female Marriage Rate

Panama Married by Age and Sex

male

female

Panama Marriage

The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 45-54.

Panama Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Panama Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

16

Number of Veterans

15

Male Veterans

1

Female Veterans

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Panama Veterans by War

count

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Panama Veterans by Age

count

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Panama Veterans by Race

Panama Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

31.25%

Veteran Poverty Rate

31.25%

Veteran Disability Rate

Panama Veterans by Education

LaborForceParticipation

65.2%

Labor Force Participation

65.2%

Employment Rate

0%

Unemployment Rate

Panama Employment by Age

LaborForceParticipation

Panama Employment by Race

LaborForceParticipation

Panama Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

76.52%

Born in Panama

100%

Native Born

Foreign Born

Non Citizen

Naturalized

Place of Birth

100% of Panama residents were born in the United States, with 76.52% having been born in Iowa. of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Panama Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
2029217-2-0.91%
2028219-2-0.9%
2027221-2-0.9%
2026223-2-0.89%
2025225-2-0.88%
2024227-2-0.87%
2023229-2-0.87%
2022231-2-0.86%
2021233
20202332411.48%
2019209-3-1.42%
201821231.44%
2017209-1-0.48%
2016210-3-1.41%
2015213-2-0.93%
201421520.94%
2013213-4-1.84%
2012217-1-0.46%
2011218-3-1.36%
2010221
showing: 20 rows

Panama Population by Year