Population 1,479 · 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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 2.57 | 2.68 | 2.68 |
| 2010–14 | 2.58 | 2.72 | 2.73 |
| 2015–19 | 2.70 | 2.69 | 2.71 |
| 2020–24 | 2.51 | 2.65 | 2.65 |
| Change | −0.06 | −0.03 | −0.03 |
Households in Panama run a little small, averaging 2.51 people against 2.65 nationally, which usually means more singles and couples and fewer children.
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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 40.8 | 38.3 | 37.7 |
| 2010–14 | 42.8 | 39.0 | 38.6 |
| 2015–19 | 41.8 | 40.2 | 39.6 |
| 2020–24 | 45.0 | 40.8 | 40.1 |
| Change | +4.2 | +2.5 | +2.3 |
Panama skews older: half of its residents are older than 45.0, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. The median age has climbed from 40.8 in 2006–10, but in a place this small, survey estimates can swing a lot from one release to the next.
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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 5.1% | 13.1% | 12.3% |
| 2010–14 | 9.3% | 12.7% | 12.3% |
| 2015–19 | 12.6% | 11.6% | 11.6% |
| 2020–24 | 10.7% | 11.6% | 11.6% |
| Change | +5.5 pts | −1.5 pts | −0.6 pts |
Single parents head just over one in ten households in Panama (10.7%), close to 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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 10.0% | 44.8% | 33.3% |
| 2010–14 | 16.2% | 46.2% | 35.6% |
| 2015–19 | 20.1% | 46.2% | 36.0% |
| 2020–24 | 12.0% | 45.7% | 34.8% |
| Change | +2.1 pts | +0.9 pts | +1.5 pts |
Panama is overwhelmingly a place of homeowners: only 12.0% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Among homeowners, 65.1% 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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 8.2% | 10.3% | 11.4% |
| 2010–14 | 7.1% | 10.4% | 11.4% |
| 2015–19 | 12.4% | 11.0% | 11.1% |
| 2020–24 | 8.9% | 9.7% | 9.6% |
| Change | +0.7 pts | −0.6 pts | −1.8 pts |
About as many homes sit empty in Panama as nationally: 8.9%, 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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 1953 | 1956 | 1974 |
| 2010–14 | 1963 | 1957 | 1975 |
| 2015–19 | 1955 | 1958 | 1977 |
| 2020–24 | 1973 | 1961 | 1980 |
| Change | +20 | +5 | +6 |
Homes in Panama run older than the national norm, with a median build year of 1973 against 1980. Still, homes here are newer than in New York as a whole, where the median home dates to 1961.
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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | $542 | $1,095 | $965 |
| 2010–14 | $519 | $1,201 | $1,040 |
| 2015–19 | $1,014 | $1,426 | $1,213 |
| 2020–24 | $768 | $1,794 | $1,571 |
| Change | +$226 | +$698 | +$606 |
A typical rental in Panama costs $768 a month with utilities, well below the national median of $1,571. Rent takes 26.5% 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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 14.4% | 31.9% | 28.4% |
| 2010–14 | 16.4% | 33.4% | 29.6% |
| 2015–19 | 14.8% | 36.2% | 32.1% |
| 2020–24 | 19.4% | 39.8% | 35.6% |
| Change | +5.0 pts | +8.0 pts | +7.2 pts |
Fewer adults in Panama have a four-year degree than in the country as a whole: 19.4%, 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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 83.3% | 84.0% | 84.9% |
| 2010–14 | 87.9% | 84.9% | 86.1% |
| 2015–19 | 89.8% | 86.5% | 87.7% |
| 2020–24 | 80.0% | 87.3% | 89.3% |
| Change | −3.3 pts | +3.3 pts | +4.3 pts |
About one in five adults in Panama never finished high school, well above the national share: only 80.0% have a diploma or equivalent, against 89.3% nationally.
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 | New York | U.S. |
|---|---|---|---|
| 2006–10 | 6.4% | 7.7% | 8.1% |
| 2010–14 | 7.8% | 9.2% | 9.4% |
| 2015–19 | 5.4% | 5.7% | 5.6% |
| 2020–24 | 1.9% | 6.6% | 5.4% |
| Change | −4.5 pts | −1.2 pts | −2.7 pts |
The job market in Panama has been strong: just 1.9% 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 | 2.51 | 45.0 | 10.7% | 12.0% | 8.9% | 1973 | $768 | 19.4% | 80.0% | 1.9% |
| North Clymer | 3.49 | 26.7 | 5.8% | 12.9% | 7.2% | 1974 | $691 | 16.0% | 58.8% | 0.8% |
| Watts Flats | 2.59 | 42.8 | 14.7% | 4.9% | 10.5% | 1976 | $784 | 16.6% | 83.6% | 1.3% |
| Ashville | 2.35 | 47.6 | 9.6% | 13.4% | 23.6% | 1962 | $824 | 30.0% | 91.6% | 4.6% |
| Bear Lake | 2.70 | 47.1 | 9.9% | 5.6% | 19.4% | 1976 | $806 | 14.3% | 82.9% | 7.8% |
| Lottsville | 2.71 | 47.3 | 10.3% | 5.3% | 20.3% | 1977 | $813 | 14.6% | 82.1% | 8.3% |
| Pine Valley | 2.56 | 45.9 | 5.7% | 7.5% | 12.2% | 1963 | $730 | 11.3% | 89.0% | 2.8% |
| Stow | 2.19 | 54.6 | 4.7% | 20.0% | 44.8% | 1961 | $793 | 40.8% | 95.7% | 3.8% |
| Clymer | 3.29 | 30.4 | 4.3% | 13.3% | 27.0% | 1977 | $782 | 17.4% | 71.9% | 4.1% |
| Lakewood | 2.16 | 49.3 | 10.5% | 36.0% | 23.3% | 1966 | $1,310 | 39.8% | 95.3% | 7.2% |
| Sherman | 2.52 | 40.2 | 9.4% | 20.7% | 23.6% | 1958 | $792 | 20.5% | 84.9% | 6.1% |
All figures 2020–24.
Cities with similar populations: Cascade, MT · Sinclairville, NY · Stone Lake, WI · Stowell, TX · DeSmet, SD · Streetman, TX · Thayer, KS · Cassadaga, NY · Canada, KY · Bloomington Springs, TN
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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