Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.7 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 11.4% ▲ 14% above avg |
| College Grads | 29.8% ▼ 23% below avg |
| HS Graduate | 212 (51.7%) |
| Some College | 31 (7.6%) |
| Associates | 45 (11%) |
| Bachelors | 54 (13.2%) |
| Graduate Degree | 68 (16.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,250 ▼ 20% below avg |
|---|---|
| Median Home Value | $158,000 ▼ 43% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $939/mo |
| Total Housing Units | 256 |
| Vacant Units | 12 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Panama is a city in Iowa, located in Shelby County. The city spans 1 ZIP code and is home to approximately 590 residents. It is a mature city, with a median age of 48.7 years.
Economically, Panama is a solidly middle-class community. The median household income of $61,250 is below the national average. Approximately 11.4% of residents live below the poverty line.
The real estate market in Panama is an affordable housing market. Median home values stand at $158,000, which is below the national average. Renters typically pay around $939 per month. Homeownership is high at 85.3%, typical of suburban and family-oriented communities.
The population of Panama is moderately educated. 29.8% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.75%).
Panama, IA offers residents a cost-conscious lifestyle within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 51562 | 590 | $61,250 | $158,000 | $939 | 0.0% | 29.8% | 85.3% |