Population 578 · Census ACS 2020–24
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Population and households in Panama
Household size in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.64 | 2.61 | 2.44 | 2.68 |
| 2010–14 | 2.26 | 2.62 | 2.45 | 2.73 |
| 2015–19 | 2.48 | 2.61 | 2.43 | 2.71 |
| 2020–24 | 2.25 | 2.57 | 2.43 | 2.65 |
| Change | −0.39 | −0.04 | −0.01 | −0.03 |
Households in Panama are small: just 2.25 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Household size has dropped from 2.64 in 2006–10, but in a place this small, survey estimates can swing a lot from one release to the next.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 43.1 | 36.0 | 38.8 | 37.7 |
| 2010–14 | 43.7 | 36.5 | 39.3 | 38.6 |
| 2015–19 | 44.0 | 37.4 | 39.7 | 39.6 |
| 2020–24 | 44.5 | 37.7 | 39.8 | 40.1 |
| Change | +1.3 | +1.7 | +1.0 | +2.3 |
Panama skews older: half of its residents are older than 44.5, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.7% | 11.0% | 9.5% | 12.3% |
| 2010–14 | 1.6% | 11.5% | 9.9% | 12.3% |
| 2015–19 | 7.9% | 10.9% | 10.0% | 11.6% |
| 2020–24 | 4.9% | 10.8% | 10.0% | 11.6% |
| Change | +1.2 pts | −0.2 pts | +0.6 pts | −0.6 pts |
Single parents head only 4.9% of households in Panama, well below the national share of 11.6%.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Panama
Renters in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 20.3% | 31.5% | 26.8% | 33.3% |
| 2010–14 | 22.5% | 33.9% | 28.2% | 35.6% |
| 2015–19 | 21.9% | 34.5% | 28.9% | 36.0% |
| 2020–24 | 15.0% | 33.8% | 28.3% | 34.8% |
| Change | −5.3 pts | +2.3 pts | +1.5 pts | +1.5 pts |
Only 15.0% of households in Panama rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 40.5% have no mortgage at all, about the same as nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.2% | 9.2% | 8.7% | 11.4% |
| 2010–14 | 4.3% | 8.2% | 8.6% | 11.4% |
| 2015–19 | 4.0% | 7.8% | 9.4% | 11.1% |
| 2020–24 | 3.9% | 6.3% | 8.8% | 9.6% |
| Change | −9.3 pts | −2.9 pts | +0.1 pts | −1.8 pts |
Empty homes are scarce in Panama: just 3.9% sit vacant, compared with 9.6% nationally, a sign of a tight housing market.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 1949 | 1973 | 1965 | 1974 |
| 2010–14 | 1948 | 1974 | 1967 | 1975 |
| 2015–19 | 1953 | 1975 | 1969 | 1977 |
| 2020–24 | 1946 | 1979 | 1971 | 1980 |
| Change | −3 | +6 | +6 | +6 |
Panama is a place of older homes: half were built before 1946, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | $675 | $844 | $669 | $965 |
| 2010–14 | $606 | $938 | $732 | $1,040 |
| 2015–19 | $821 | $1,042 | $821 | $1,213 |
| 2020–24 | $805 | $1,337 | $1,020 | $1,571 |
| Change | +$131 | +$493 | +$351 | +$606 |
The median renter in Panama pays $805 a month for rent and utilities, well below the national median of $1,571. Rent takes 35.8% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Panama
Bachelor's degrees in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.6% | 34.0% | 26.5% | 28.4% |
| 2010–14 | 15.7% | 34.8% | 27.9% | 29.6% |
| 2015–19 | 13.4% | 36.8% | 29.3% | 32.1% |
| 2020–24 | 23.3% | 39.7% | 32.3% | 35.6% |
| Change | +12.7 pts | +5.7 pts | +5.8 pts | +7.2 pts |
College degrees are relatively uncommon in Panama: 23.3% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 93.8% | 91.2% | 90.4% | 84.9% |
| 2010–14 | 92.8% | 91.2% | 91.4% | 86.1% |
| 2015–19 | 95.5% | 91.7% | 92.1% | 87.7% |
| 2020–24 | 96.2% | 92.5% | 93.0% | 89.3% |
| Change | +2.4 pts | +1.3 pts | +2.7 pts | +4.3 pts |
High school completion is high in Panama: 96.2% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Panama
| Period | Panama | Omaha area | Iowa | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.7% | 5.8% | 5.2% | 8.1% |
| 2010–14 | 3.5% | 6.0% | 5.4% | 9.4% |
| 2015–19 | 0.3% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 0.8% | 3.5% | 3.7% | 5.4% |
| Change | −1.9 pts | −2.2 pts | −1.5 pts | −2.7 pts |
The job market in Panama has been strong: just 0.8% of the labor force was out of work and looking, well below the national rate of 5.4%. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Panama compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Panama | 2.25 | 44.5 | 4.9% | 15.0% | 3.9% | 1946 | $805 | 23.3% | 96.2% | 0.8% |
| Portsmouth | 2.21 | 49.5 | 3.3% | 16.5% | 3.5% | 1955 | $692 | 20.1% | 92.5% | 0.6% |
| Earling | 2.09 | 44.5 | 6.3% | 20.3% | 15.5% | 1951 | $841 | 26.8% | 96.5% | 3.5% |
| Westphalia | 2.17 | 41.7 | 6.4% | 18.3% | 7.2% | 1944 | $851 | 25.5% | 97.9% | 1.0% |
| Tennant | 2.32 | 42.1 | 4.6% | 22.1% | 9.9% | 1947 | $836 | 20.4% | 95.6% | 5.8% |
| Harlan | 2.55 | 44.9 | 7.5% | 24.4% | 13.9% | 1961 | $784 | 25.1% | 94.4% | 4.1% |
| Defiance | 2.31 | 40.0 | 4.2% | 16.4% | 12.6% | 1950 | $799 | 23.6% | 95.8% | 2.2% |
| Persia | 2.69 | 38.4 | 5.9% | 19.9% | 1.9% | 1971 | $1,002 | 18.5% | 97.6% | 1.7% |
| Dunlap | 2.13 | 51.3 | 5.3% | 26.5% | 6.4% | 1951 | $872 | 15.5% | 93.3% | 3.5% |
| Woodbine | 2.64 | 36.6 | 10.2% | 28.4% | 12.6% | 1958 | $820 | 22.8% | 94.7% | 3.5% |
| Irwin | 2.38 | 47.4 | 13.4% | 24.4% | 6.2% | 1943 | $731 | 21.2% | 97.7% | 1.0% |
All figures 2020–24.
Cities with similar populations: Hiwannee, MS · Slick, OK · Skull Valley, AZ · Simms, MT · Silver Lake, MA · Jenner, CA · Jaudon, MO · Hornick, IA · Hooker, GA · Holland, MN
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Panama. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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