Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 30.6 yrs |
|---|---|
| Avg HH Size | 2.48 |
| Below Poverty | 27.7% ▲ 177% above avg |
| College Grads | 14.3% ▼ 63% below avg |
| Unemployment | 4.6% ≈ Avg |
| No HS Diploma | 4 (0.5%) |
| HS Graduate | 511 (60.4%) |
| Some College | 96 (11.3%) |
| Associates | 114 (13.5%) |
| Bachelors | 56 (6.6%) |
| Graduate Degree | 65 (7.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $50,813 ▼ 33% below avg |
|---|---|
| Median Home Value | $124,800 ▼ 55% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $816/mo |
| Total Housing Units | 745 |
| Vacant Units | 116 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Panama is a city in Oklahoma, located in Le Flore County. The city spans 1 ZIP code and is home to approximately 1,559 residents. It is a relatively young city, with a median age of 30.6 years.
Economically, Panama is a working-class community. The median household income of $50,813 is below the national average. Approximately 27.7% of residents live below the poverty line. The unemployment rate is 4.6%, near 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 $124,800, which is well below the national average. Renters typically pay around $816 per month. Homeownership is high at 62.8%, typical of suburban and family-oriented communities.
The population of Panama is less-educated. 14.3% of adults hold a bachelor's degree or higher — well below the national average. The community is majority White (64.98%).
Panama, OK offers residents a cost-conscious lifestyle within Oklahoma.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 74951 | 1,559 | $50,813 | $124,800 | $816 | 4.6% | 14.3% | 62.8% |