Population 659 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Panama
Household size in Panama
| Period | Panama | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 2.91 | 2.52 | 2.68 |
| 2010–14 | 2.90 | 2.53 | 2.73 |
| 2015–19 | 3.09 | 2.51 | 2.71 |
| 2020–24 | 2.66 | 2.51 | 2.65 |
| Change | −0.25 | −0.01 | −0.03 |
Households in Panama average 2.66 people, about the same as the country as a whole (2.65). The typical household here is bigger than in Nebraska overall, where it has 2.51 people. Household size has dropped from 2.91 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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 34.0 | 37.4 | 37.7 |
| 2010–14 | 33.6 | 37.9 | 38.6 |
| 2015–19 | 36.5 | 38.3 | 39.6 |
| 2020–24 | 49.4 | 38.3 | 40.1 |
| Change | +15.4 | +0.9 | +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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 5.1% | 10.1% | 12.3% |
| 2010–14 | 9.4% | 10.6% | 12.3% |
| 2015–19 | 6.6% | 10.1% | 11.6% |
| 2020–24 | 1.2% | 10.4% | 11.6% |
| Change | −3.9 pts | +0.3 pts | −0.6 pts |
Single parents head only 1.2% 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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 7.8% | 31.4% | 33.3% |
| 2010–14 | 12.6% | 33.5% | 35.6% |
| 2015–19 | 8.4% | 33.9% | 36.0% |
| 2020–24 | 10.4% | 33.5% | 34.8% |
| Change | +2.6 pts | +2.0 pts | +1.5 pts |
Panama is overwhelmingly a place of homeowners: only 10.4% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About half of owners (50.8%) have paid off their mortgages, 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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 5.8% | 10.0% | 11.4% |
| 2010–14 | 6.5% | 9.1% | 11.4% |
| 2015–19 | 4.6% | 9.4% | 11.1% |
| 2020–24 | 3.8% | 7.8% | 9.6% |
| Change | −2.1 pts | −2.2 pts | −1.8 pts |
Only 3.8% of homes in Panama are vacant, far below the national rate of 9.6%, which usually means strong demand for housing.
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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 1980 | 1969 | 1974 |
| 2010–14 | 1988 | 1970 | 1975 |
| 2015–19 | 1997 | 1972 | 1977 |
| 2020–24 | 1992 | 1975 | 1980 |
| Change | +12 | +6 | +6 |
Panama has newer housing than the country as a whole: the median home was built in 1992, versus 1980 nationally.
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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | $758 | $730 | $965 |
| 2010–14 | $819 | $805 | $1,040 |
| 2015–19 | $1,054 | $911 | $1,213 |
| 2020–24 | $1,127 | $1,159 | $1,571 |
| Change | +$369 | +$429 | +$606 |
Rent in Panama runs $1,127 a month at the median, utilities included, well below the U.S. median of $1,571. That is in line with the rest of Nebraska. The typical renter here spends 14.8% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 34.2% | 29.5% | 28.4% |
| 2010–14 | 31.9% | 30.4% | 29.6% |
| 2015–19 | 42.4% | 32.4% | 32.1% |
| 2020–24 | 40.5% | 34.9% | 35.6% |
| Change | +6.3 pts | +5.5 pts | +7.2 pts |
College degrees are a bit more common in Panama than nationally: 40.5% of adults 25 and older have a bachelor's or higher, against 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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 96.9% | 90.3% | 84.9% |
| 2010–14 | 94.0% | 90.6% | 86.1% |
| 2015–19 | 97.8% | 91.3% | 87.7% |
| 2020–24 | 95.1% | 91.8% | 89.3% |
| Change | −1.8 pts | +1.6 pts | +4.3 pts |
High school completion is high in Panama: 95.1% 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 | Nebraska | U.S. |
|---|---|---|---|
| 2006–10 | 3.4% | 5.1% | 8.1% |
| 2010–14 | 3.3% | 5.5% | 9.4% |
| 2015–19 | 0.8% | 3.4% | 5.6% |
| 2020–24 | 1.5% | 3.1% | 5.4% |
| Change | −1.9 pts | −2.1 pts | −2.7 pts |
The job market in Panama has been strong: just 1.5% of the labor force was out of work and looking, well below the national rate of 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's 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 | 2.66 | 49.4 | 1.2% | 10.4% | 3.8% | 1992 | $1,127 | 40.5% | 95.1% | 1.5% |
| Holland | 2.82 | 46.2 | 2.2% | 4.7% | 2.4% | 1994 | $1,132 | 42.6% | 97.5% | 1.3% |
| Douglas | 2.60 | 42.4 | 0.6% | 9.7% | 4.2% | 1978 | $1,025 | 27.3% | 91.3% | 5.6% |
| Bennet | 2.83 | 37.2 | 7.7% | 10.1% | 3.1% | 1991 | $1,201 | 49.7% | 98.2% | 1.0% |
| Hickman | 2.87 | 36.0 | 13.7% | 9.8% | 2.5% | 1998 | $1,348 | 45.2% | 98.1% | 1.4% |
| Firth | 2.99 | 39.1 | 1.2% | 14.1% | 5.4% | 1988 | $1,057 | 43.1% | 96.5% | 1.2% |
| Roca | 2.86 | 45.1 | 2.6% | 2.7% | 1.9% | 1991 | $1,179 | 43.1% | 98.4% | 1.3% |
| Palmyra | 2.56 | 40.2 | 6.2% | 8.8% | 6.9% | 1974 | $989 | 25.4% | 97.4% | 3.9% |
| Adams | 2.64 | 38.6 | 2.0% | 12.6% | 14.4% | 1971 | $988 | 34.2% | 94.9% | 1.0% |
| Princeton | 2.78 | 45.7 | 1.6% | 8.5% | 2.9% | 1981 | $1,238 | 41.2% | 97.1% | 1.3% |
| Saltillo | 2.81 | 34.4 | 10.3% | 32.1% | 2.1% | 2010 | $1,368 | 55.6% | 97.3% | 0.9% |
All figures 2020–24.
Cities with similar populations: South Sodus, NY · Holy Cross, IA · Hunter, IL · Irvine, PA · Iverson, MN · Jalapa, IN · Joppa, IL · Jordan, MT · Kaneville, IL · Keene, OH
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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