Panama is a city located in Chautauqua County New York. With a 2020 population of 440, it is the 542nd largest city in New York and the 13864th largest city in the United States . Panama is currently declining at a rate of -0.45% annually and its population has decreased by -8.14% since the most recent census, which recorded a population of 479 in 2010. Panama reached it's highest population of 478 in 2010. Spanning over 2 miles, Panama has a population density of 200 people per square mile.
The average household income in Panama is $52,357 with a poverty rate of 10.35%. The median rental costs in recent years comes to $613 per month, and the median house value is $82,900. The median age in Panama is 43.5 years, 32.2 years for males, and 48.1 years for females.