Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.0 yrs |
|---|---|
| Avg HH Size | 2.72 |
| Below Poverty | 10.3% ≈ Avg |
| College Grads | 41.6% ≈ Avg |
| Unemployment | 1.0% ▼ 80% below avg |
| No HS Diploma | 7 (0.7%) |
| HS Graduate | 387 (36.8%) |
| Some College | 156 (14.8%) |
| Associates | 64 (6.1%) |
| Bachelors | 257 (24.4%) |
| Graduate Degree | 181 (17.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,935 ▼ 18% below avg |
|---|---|
| Median Home Value | $128,800 ▼ 54% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $736/mo |
| Total Housing Units | 880 |
| Vacant Units | 88 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Panama is a city in New York, located in Chautauqua County. The city spans 1 ZIP code and is home to approximately 2,156 residents. It is a relatively young city, with a median age of 37 years.
Economically, Panama is a solidly middle-class community. The median household income of $62,935 is below the national average. Approximately 10.3% of residents live below the poverty line. The unemployment rate is 1.0%, well below the national average.
The real estate market in Panama is one of the more affordable housing markets in the country. Median home values stand at $128,800, which is well below the national average. Renters typically pay around $736 per month. Homeownership is high at 85.4%, typical of suburban and family-oriented communities.
The population of Panama is well-educated. 41.6% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (97.31%).
Panama, NY offers residents a cost-conscious lifestyle within New York.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 14767 | 2,156 | $62,935 | $128,800 | $736 | 1.0% | 41.6% | 85.4% |