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Rankings
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Best Small Towns
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Where Should you Live?
Cultures of the US
Panama, IL
B-
Population: 246
Home Price: $58,100
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Overview
Panama is a village in the state of Illinois with a population of 246. The cost of living is low making it one of the most affordable places to live in the US. Panama has a hot summer and mild winter climate.
Quality of Life Summary
Area Size:
Village
Living Costs:
Low Cost
Employment:
(D) Fair
Cultural Diversity:
(F) Poor
Residents:
Families
School Rating:
NA
Safety Rating:
NA
Public Transport:
(D) Fair
Average Commute:
34.8 minutes
Walkability:
(C) Average
Climate:
Hot Summer and Mild Winter
Shopping Mall:
-
Near Beach or Lake:
-
Near Mountains:
-
Near Parks & Green Space:
-
Social and Economic Statistics of Panama, IL
Job Market
Diversity
Housing
Education
Schools
Crime & Safety
Employment and Income
Panama
Illinois
United States
Per Capita Income
$27,961
$32,213
$32,693
Median Household Income
$56,875
$66,690
$65,483
Unemployment Rate
5.5%
5.9%
5.7%
Poverty Rate
6.0%
9.4%
10.5%
Age
Panama
Illinois
United States
Median Age
54.3
41.5
42.3
Gender
Panama
Illinois
United States
Male
43.5%
49.8%
49.8%
Female
56.5%
50.2%
50.2%
Race
Panama
Illinois
United States
White
99.2%
87.6%
80.3%
Black or African American
0.0%
4.9%
7.0%
American Indian and Alaska Native
0.0%
0.2%
2.7%
Asian
0.0%
1.7%
1.9%
Native Hawaiian and Other Pacific Islander
0.0%
0.0%
0.2%
Other Race
0.4%
2.0%
2.7%
Multiracial
0.4%
3.7%
5.2%
Housing Information
Panama
Illinois
United States
Median Home Price
$58,100
$140,846
$208,542
Median Monthly Rent
$538
$721
$801
Family Households
39.8%
39.8%
48.6%
Nonfamily Households
37.2%
37.2%
26.2%
Homeowners
89.4%
77.4%
72.9%
Renters
10.6%
22.6%
27.1%
Education
Panama
Illinois
United States
High School Graduate or Equivalent
16.1%
6.6%
7.5%
Some College, no Degree
53.8%
53.8%
34.0%
Associate's Degree
14.6%
23.1%
21.2%
Bachelor's Degree
7.0%
10.1%
9.3%
Graduate or Professional Degree
4.0%
13.8%
15.0%
Proficiency
Panama
Illinois
United States
Mathematics
NA%
32.0%
46.8%
Reading/Language Arts
NA%
38.5%
50.7%
Annual Violent and Property Crimes per 100,000 People
Violent Crime
Panama
Illinois
United States
Murder
NA
2.2
3.0
Rape
NA
43.2
38.0
Robbery
NA
33.2
40.7
Assault
NA
146.2
188.5
Property Crime
Panama
Illinois
United States
Burglary
NA
246.4
336.1
Theft
NA
1262.2
1913.7
Vehicle Theft
NA
122.7
167.1
Arson
NA
11.1
10.5
Culture and Lifestyle in and Around Panama, IL
Food
Sports
Arts
Hobbies
Entertainment
Recreation
Shopping
dairy
beef
dishes
gaming
nft project
nfts
nft
artsy
creative
gaming
hunting
gaming
creative
space
winter
summer
hunting
grocery shop
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