Panama, ILPublished Date: November 21, 2024Panama is located in Montgomery County, Illinois and has a population of 317. The poverty rate in Panama is 6% and is lower than the US poverty rate of 11.5%. The U.S. poverty level for a family of four in 2023 is $31,200. The unemployment rate in Panama is 8.6% while the Montgomery County unemployment rate is 5.6%.
| | Population | |
|---|
| Male | | 40.4% |
| Female | | 59.6% |
| | Median Age (city/county) | |
|---|
| Panama | | 48.2 |
| Montgomery | | 42.7 |
| | Median Household Income (city/county) | |
|---|
| Panama | | $59,643 |
| Montgomery | | $61,796 |
| | Median Home Value (city/county) | |
|---|
| Panama | | $62,955 |
| Montgomery | | $102,262 |
| | Median Rent (city/county) | |
|---|
| Panama | | $1,067 |
| Montgomery | | $684 |
| | Poverty Rate (city/county) | |
|---|
| Panama | | 6% |
| Montgomery | | 14% |
Races and Ethnicity
▩ White 99.7%
▩ Black or African American 0%
▩ Asian 0%
▩ Native 0%
▩ Pacific 0%
▩ Other 0.3%
▩ Hispanic 0.3%
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