Panama, Illinois Population 2022
Panama is a city located in Montgomery County Illinois. With a 2020 population of 335, it is the 1024th largest city in Illinois and the 21472nd largest city in the United States. Panama is currently declining at a rate of -0.30% annually and its population has decreased by -0.59% since the most recent census, which recorded a population of 337 in 2020. Spanning over 0 miles, Panama has a population density of 898 people per square mile.
The average household income in Panama is $55,954 with a poverty rate of 10.41%. The median rental costs in recent years comes to $667 per month, and the median house value is $62,900. The median age in Panama is 35.3 years, 32.3 years for males, and 38.3 years for females.
Panama Demographics
According to the most recent ACS, the racial composition of Panamawas:
- White: 98.19%
- Two or more races: 1.36%
- Other race: 0.45%
- Black or African American: 0.00%
- Native American: 0.00%
- Asian: 0.00%
- Native Hawaiian or Pacific Islander: 0.00%
Panama Population Pyramid 2022
Panama Renter vs Owner Occupied by Household Type
Panama Household Types
90.1%
Rate of Home Ownership
2.66
Average Family Size
1.99
Average Household Size
Panama Educational Attainment by Race
The highest rate of high school graduation is among other race people with a rate of 100.00%.
The highest rate of bachelors degrees is among white people with a rate of 9.64%.
$34,000
Average Earnings
$36,250
Average Male
$27,031
Average Female
Panama Language by Age
Panama Language
98.60% of Panama residents speak only English, while 1.40% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.40% of the population.
Panama Poverty by Race
10.41%
Overall Poverty Rate
10.68%
Male Poverty Rate
10.17%
Female Poverty Rate
Poverty in Panama
The race most likely to be in poverty in Panama is White, with 10.60% below the poverty level.
The race least likely to be in poverty in Panama is Other, with NaN% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 1.37%. Among those working part-time, it was 22.22%, and for those that did not work, the poverty rate was 13.51%.
Panama Income by Household Type
Panama Marital Status
Marriage Rates
48.6%
Overall Marriage Rate
50.0%
Male Marriage Rate
47.5%
Female Marriage Rate
Panama Married by Age and Sex
Panama Marriage
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 20-34.
Panama Marital Status by Race
27
Number of Veterans
Male Veterans
Female Veterans
Panama Veterans by Education
7.41%
Veteran Poverty Rate
40.74%
Veteran Disability Rate
57.9%
Labor Force Participation
54.6%
Employment Rate
5.7%
Unemployment Rate
Origin of Non-Citizens
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Origin of Naturalized Citizens
90.95%
Born in Panama
99.55%
Native Born
0.45%
Foreign Born
0.45%
Non Citizen
0.00%
Naturalized
Place of Birth
99.55% of Panama residents were born in the United States, with 90.95% having been born in Illinois. 0.45% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.