Panama, Illinois Population 2022

335
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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%
The current population of Panama, Illinois is 335 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 337.

Panama, Illinois Population 2022

Population by Race

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Panama Population by Race

Panama Population Pyramid 2022

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Panama Median Age

50.5


Total

39.9


Male

52.7


Female

Panama Adults

There are 181 adults, (57 of whom are seniors) in Panama.

Panama Age Dependency

Age Dependency Ratio

46

Old Age Dependency Ratio

32.3

Child Dependency Ratio

Panama Sex Ratio

Female

118

53.39%

Male

103

46.61%

Panama Population by Age

Panama Renter vs Owner Occupied by Household Type

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Panama Household Types

90.1%

Rate of Home Ownership

Panama Households and Families

2.66

Average Family Size

1.99

Average Household Size

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Panama Households by Type

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Panama Educational Attainment by Sex (over 25)

Panama Educational Attainment by Race

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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%.

Panama Educational Attainment by Race

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$34,000

Average Earnings

$36,250

Average Male

$27,031

Average Female

Panama Earnings by Educational Attainment

Panama Language by Age

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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 Language

Panama Poverty by Race

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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 Poverty

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Panama Poverty Rate by Education

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Panama Poverty Rate by Employment Status and Sex

Panama Income by Household Type

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Income by Household Type

Panama Marital Status

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Marriage Rates

48.6%

Overall Marriage Rate

50.0%

Male Marriage Rate

47.5%

Female Marriage Rate

Panama Married by Age and Sex

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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

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Panama Marital Status

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27

Number of Veterans

Male Veterans

Female Veterans

Panama Veterans by War

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Panama Veterans by Age

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Panama Veterans by Race

Panama Veterans by Education

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7.41%

Veteran Poverty Rate

40.74%

Veteran Disability Rate

Panama Veterans by Education

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57.9%

Labor Force Participation

54.6%

Employment Rate

5.7%

Unemployment Rate

Panama Employment by Age

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Panama Employment by Race

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Panama Employment by Education

Origin of Non-Citizens

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

Origin of Naturalized Citizens

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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.

Panama Place of Birth

Note: 2021 and 2022 data is projected

Panama Population by Year