Panama is a city located in Shelby County Iowa. Panama has a 2024 population of 229. Panama is currently declining at a rate of -0.43% annually and its population has decreased by -1.72% 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.
According to the most recent ACS, the racial composition of Panama was:
White
Other race
Native American
Two or more races
Black or African American
Asian
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 97 | 2.55 | 93.8 | 6.2 |
| Married | 57 | 3.33 | 100 | 0 |
| Non Family | 39 | 1.36 | 84.6 | 15.4 |
| Male | 1 | 4 | 100 | 0 |
| Female | 0 | 0 | 0 | 0 |
3.33
Average Family Size
2.55
Average Household Size
93.8%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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%.
All
Male
Female
$59,375
Average Earnings
$67,656
Average Male
$49,375
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
100% of Panama residents speak only English, while 0% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0% of the population.
rate
6.1%
Overall Poverty Rate
8.89%
Male Poverty Rate
4.49%
Female Poverty Rate
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%.
Married
Widowed
Divorced
Separated
NeverMarried
57.4%
Overall Marriage Rate
66.3%
Male Marriage Rate
51.6%
Female Marriage Rate
male
female
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.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
31.25%
Veteran Poverty Rate
31.25%
Veteran Disability Rate
LaborForceParticipation
65.2%
Labor Force Participation
65.2%
Employment Rate
0%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
Europe
Asia
Africa
Oceania
Latin America
North America
76.52%
Born in Panama
100%
Native Born
0%
Foreign Born
0%
Non Citizen
0%
Naturalized
100% of Panama residents were born in the United States, with 76.52% having been born in Iowa. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 224 | -1 | -0.44% |
| 2028 | 225 | -1 | -0.44% |
| 2027 | 226 | -1 | -0.44% |
| 2026 | 227 | -1 | -0.44% |
| 2025 | 228 | -1 | -0.44% |
| 2024 | 229 | -1 | -0.43% |
| 2023 | 230 | -1 | -0.43% |
| 2022 | 231 | -2 | -0.86% |
| 2021 | 233 | 0 | 0% |
| 2020 | 233 | 24 | 11.48% |
| 2019 | 209 | -3 | -1.42% |
| 2018 | 212 | 3 | 1.44% |
| 2017 | 209 | -1 | -0.48% |
| 2016 | 210 | -3 | -1.41% |
| 2015 | 213 | -2 | -0.93% |
| 2014 | 215 | 2 | 0.94% |
| 2013 | 213 | -4 | -1.84% |
| 2012 | 217 | -1 | -0.46% |
| 2011 | 218 | -3 | -1.36% |
| 2010 | 221 | 0 | 0% |