Population 581 · Census ACS 2020–24
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Population and households in Panama
Household size in Panama
| Period | Panama | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.36 | 2.52 | 2.69 | 2.68 |
| 2010–14 | 2.46 | 2.53 | 2.71 | 2.73 |
| 2015–19 | 2.23 | 2.49 | 2.66 | 2.71 |
| 2020–24 | 2.49 | 2.46 | 2.58 | 2.65 |
| Change | +0.12 | −0.06 | −0.11 | −0.03 |
The average household in Panama has 2.49 people, a bit under the U.S. average of 2.65. The St. Louis area as a whole looks much the same. Since 2006–10, household size has climbed from 2.36, but in a place this small, much of that may be survey noise rather than real change.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 37.6 | 38.5 | 37.6 | 37.7 |
| 2010–14 | 39.7 | 39.5 | 38.5 | 38.6 |
| 2015–19 | 41.0 | 40.7 | 39.6 | 39.6 |
| 2020–24 | 49.4 | 40.8 | 40.2 | 40.1 |
| Change | +11.8 | +2.3 | +2.6 | +2.3 |
Panama skews older: half of its residents are older than 49.4, 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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 16.5% | 11.7% | 11.7% | 12.3% |
| 2010–14 | 9.7% | 11.5% | 11.7% | 12.3% |
| 2015–19 | 5.2% | 11.0% | 11.1% | 11.6% |
| 2020–24 | 6.1% | 11.1% | 11.3% | 11.6% |
| Change | −10.4 pts | −0.6 pts | −0.4 pts | −0.6 pts |
Single-parent households are relatively rare in Panama: 6.1% of households, against 11.6% nationally.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.7% | 28.3% | 30.8% | 33.3% |
| 2010–14 | 16.7% | 30.1% | 33.1% | 35.6% |
| 2015–19 | 18.0% | 31.1% | 33.9% | 36.0% |
| 2020–24 | 15.2% | 29.6% | 32.9% | 34.8% |
| Change | +3.5 pts | +1.4 pts | +2.1 pts | +1.5 pts |
Panama is largely a place of homeowners: only 15.2% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Among homeowners, 54.0% have no mortgage at all, well above the national share of 39.8%.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 15.0% | 9.6% | 10.0% | 11.4% |
| 2010–14 | 16.0% | 10.1% | 10.1% | 11.4% |
| 2015–19 | 13.9% | 10.1% | 9.8% | 11.1% |
| 2020–24 | 9.4% | 8.8% | 8.1% | 9.6% |
| Change | −5.6 pts | −0.8 pts | −1.9 pts | −1.8 pts |
About as many homes sit empty in Panama as nationally: 9.4%, against 9.6%.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 1967 | 1972 | 1966 | 1974 |
| 2010–14 | 1967 | 1972 | 1967 | 1975 |
| 2015–19 | 1968 | 1973 | 1968 | 1977 |
| 2020–24 | 1963 | 1975 | 1970 | 1980 |
| Change | −4 | +3 | +4 | +6 |
The housing in Panama is old by national standards: the median home dates to 1963, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | $621 | $825 | $953 | $965 |
| 2010–14 | $665 | $920 | $1,028 | $1,040 |
| 2015–19 | $898 | $1,010 | $1,165 | $1,213 |
| 2020–24 | $762 | $1,239 | $1,428 | $1,571 |
| Change | +$140 | +$414 | +$475 | +$606 |
The median renter in Panama pays $762 a month for rent and utilities, well below the national median of $1,571. Rent takes 23.2% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.2% | 30.3% | 31.2% | 28.4% |
| 2010–14 | 4.9% | 32.1% | 32.4% | 29.6% |
| 2015–19 | 8.9% | 34.9% | 34.7% | 32.1% |
| 2020–24 | 12.2% | 38.5% | 37.7% | 35.6% |
| Change | +7.1 pts | +8.3 pts | +6.5 pts | +7.2 pts |
Fewer adults in Panama have a four-year degree than in the country as a whole: 12.2%, against 35.6% nationally.
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 73.2% | 88.8% | 86.3% | 84.9% |
| 2010–14 | 78.6% | 90.5% | 87.5% | 86.1% |
| 2015–19 | 78.6% | 92.1% | 89.1% | 87.7% |
| 2020–24 | 89.3% | 93.6% | 90.3% | 89.3% |
| Change | +16.2 pts | +4.8 pts | +4.0 pts | +4.3 pts |
High school completion in Panama is the same as the national rate: 89.3% of adults have a diploma or equivalent. The rate is lower than in the St. Louis area overall (93.6%).
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 | St. Louis area | Illinois | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.5% | 7.7% | 8.7% | 8.1% |
| 2010–14 | 3.9% | 8.8% | 10.2% | 9.4% |
| 2015–19 | 6.8% | 4.9% | 6.1% | 5.6% |
| 2020–24 | 6.3% | 4.3% | 6.0% | 5.4% |
| Change | −3.2 pts | −3.4 pts | −2.7 pts | −2.7 pts |
Unemployment runs a little high in Panama: 6.3% of the labor force was out of work and looking, against 5.4% nationally. 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 | 2.49 | 49.4 | 6.1% | 15.2% | 9.4% | 1963 | $762 | 12.2% | 89.3% | 6.3% |
| Donnellson | 2.29 | 49.8 | 5.6% | 14.7% | 8.1% | 1973 | $830 | 17.7% | 90.8% | 2.3% |
| Sorento | 2.79 | 44.5 | 6.4% | 7.8% | 12.1% | 1951 | $581 | 16.8% | 91.3% | 10.6% |
| Walshville | 2.46 | 46.6 | 4.8% | 6.3% | 11.8% | 1989 | $732 | 22.6% | 92.5% | 2.8% |
| Reno | 2.97 | 37.3 | 5.6% | 5.8% | 4.4% | 1965 | $339 | 25.8% | 88.3% | 8.1% |
| Taylor Springs | 2.08 | 48.0 | 5.0% | 17.2% | 11.5% | 1966 | $767 | 6.1% | 81.7% | 3.9% |
| Coffeen | 2.46 | 41.1 | 3.3% | 18.1% | 21.2% | 1974 | $817 | 14.9% | 89.4% | 3.7% |
| Hillsboro | 2.22 | 47.0 | 6.2% | 20.6% | 9.9% | 1963 | $740 | 19.5% | 90.6% | 3.5% |
| New Douglas | 2.52 | 42.8 | 5.4% | 13.1% | 6.6% | 1971 | $794 | 31.2% | 92.4% | 2.1% |
| Old Ripley | 2.76 | 41.9 | 4.3% | 9.6% | 6.2% | 1979 | $427 | 26.5% | 90.4% | 5.5% |
| Woburn | 2.25 | 49.4 | 5.2% | 18.0% | 8.2% | 1981 | $786 | 27.7% | 95.4% | 1.0% |
All figures 2020–24.
Cities with similar populations: Zena, OK · Henriette, MN · High Bridge, NH · High Hill, MO · Hoberg, MO · Holland, VT · Hope, ID · Hopewell, FL · Horton, MO · Howardsville, MI
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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