Panama, IA 51562 ZIP Code Profile

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Panama, IA

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ZIP Code 51562: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Panama, IA 51562

  • ZIP Code Type: STANDARD
  • Businesses Addresses: 22
  • Single Family Addresses: 92
  • Multi-Family Addresses: 0
  • County: Shelby County
  • Centroid: Latitude 41.727, Longitude -95.474
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

ZIP Code 51562 has segments in 2 Counties (Harrison, Shelby).

Neighborhood Data

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Panama, IA 51562 Data & Demographics (As of July 1, 2017)


Total Population 451
Daytime Population: Workers 289
Daytime Population: Residents 182
Total Daytime Population (TDP) 471
Ratio TDP/Total Population1 1.04
Population in Households 451
Population in Familes 376
Population in Group Qrtrs 0
Population Density2 14
Diversity Index3 8


Median Household Income $49,058
Average Household Income $60,224
Per Capita Income $24,303


Total Housing Units 201 (100%)
Owner Occupied HU 149 (74.1%)
Renter Occupied HU 33 (16.4%)
Vacant Housing Units 19 ( 9.5%)
Median Home Value $146,212
Average Home Value $168,121


Total Households 182
Average Household Size 2.48
Family Households 124
Average Family Size 3
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.


2010-2017 2017-2022
Population 0.25% 0.0%
Households 0.31% 0.11%
Families 0.22% 0.0%
Median Household Income   2.59%
Per Capita Income   2.89%

Panama, IA 51562 - Peer Comparisons by Rank and Percentile

The table below compares 51562 to the other 963 ZIP Codes in Iowa by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 719 26th
Population Density # 692 28th
Diversity Index # 623 35th
Median Household Income # 724 25th
Per Capita Income # 825 14th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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