Panama, Illinois Population 2022
Panama is a city located in Montgomery County Illinois. Panama has a 2020 population of 310. Panama is currently declining at a rate of -0.96% annually and its population has decreased by -9.62% since the most recent census, which recorded a population of 343 in 2010.
The average household income in Panama is $55,954 with a poverty rate of 10.14%. The median rental costs in recent years comes to $863 per month, and the median house value is $59,300. 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: 98.65%
- Two or more races: 1.35%
- Black or African American: 0.00%
- Native American: 0.00%
- Asian: 0.00%
- Native Hawaiian or Pacific Islander: 0.00%
- Other race: 0.00%
Population by Race
| Race | Population | Percentage |
|---|---|---|
| White | 292 | 98.65% |
| Two or More Races | 4 | 1.35% |
Panama Population Pyramid $2022
| Type | Count | Average Size | Owned |
|---|---|---|---|
| All | 135 | 2.19 | 84.4 |
| Married | 61 | 2.92 | 93.4 |
| Non Family | 52 | 1.13 | 80.8 |
| Female | 15 | 3 | 86.7 |
| Male | 7 | 2 | 28.6 |
2.8
Average Family Size
2.19
Average Household Size
| Education Attained | Count | Percentage |
|---|---|---|
| Less Than 9th Grade | 3 | 1.38% |
| 9th to 12th Grade | 19 | 8.76% |
| High School Graduate | 117 | 53.92% |
| Some College | 35 | 16.13% |
| Associates Degree | 23 | 10.60% |
| Bachelors Degree | 12 | 5.53% |
| Graduate Degree | 8 | 3.69% |
Panama Educational Attainment by Race
| Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 211 | 189 | 19 |
| 2+ Races | 4 | 4 | |
| Hispanic | 2 | 2 | 1 |
The highest rate of high school graduation is among 2+ races people with a rate of 100.00%.
The highest rate of bachelors degrees is among hispanic people with a rate of 50.00%.
Panama Language by Age
Panama Language
97.90% of Panama residents speak only English, while 2.10% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.40% of the population.
10.14%
Overall Poverty Rate
6.41%
Male Poverty Rate
14.29%
Female Poverty Rate
Poverty in Panama
The race most likely to be in poverty in Panama is White, with 10.34% 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 1.98%. Among those working part-time, it was 15.69%, and for those that did not work, the poverty rate was 16.28%.
Panama Marital Status
Marriage Rates
52.1%
Overall Marriage Rate
49.6%
Male Marriage Rate
54.7%
Female Marriage Rate
Panama Married by Age and Sex
Panama Marriage
The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 35-44.
Panama Marital Status by Race
| Name | Veterans | % of Total |
|---|---|---|
| White | 27 | 11.64% |
Panama Veterans by Education
0.00%
Veteran Poverty Rate
37.04%
Veteran Disability Rate
62.2%
Labor Force Participation
58.4%
Employment Rate
6.1%
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
93.24%
Born in Panama
99.66%
Native Born
0.34%
Foreign Born
0.00%
Non Citizen
0.34%
Naturalized
Place of Birth
99.66% of Panama residents were born in the United States, with 93.24% having been born in Illinois. 0.00% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
| Year | Population | Growth | Annual Growth Rate |
|---|---|---|---|
| 2022 | 310 | -3 | -0.96% |
| 2021 | 313 | -3 | -0.95% |
| 2020 | 316 | -3 | -0.94% |
| 2019 | 319 | -3 | -0.93% |
| 2018 | 322 | -1 | -0.31% |
| 2017 | 323 | -3 | -0.92% |
| 2016 | 326 | -5 | -1.51% |
| 2015 | 331 | -3 | -0.90% |
| 2014 | 334 | -4 | -1.18% |
| 2013 | 338 | -2 | -0.59% |
| 2012 | 340 | -1 | -0.29% |
| 2011 | 341 | -2 | -0.58% |
| 2010 | 343 | 0.00% |