Panama, IA Profile: Facts & Data

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Panama, Iowa - Basic Facts

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The City of Panama had a population of 219 as of July 1, 2018.

The primary coordinate point for Panama is located at latitude 41.7264 and longitude -95.4755 in Shelby County. The formal boundaries for the City of Panama (see map below) encompass a land area of 0.29 sq. miles and a water area of 0 sq. miles. Shelby County is in the Central time zone (GMT -6). The elevation is 1,263 feet.

The City of Panama (GNIS ID: 2396136) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Panama is located within Township of Washington, a minor civil division (MCD) of Shelby County.

Beneath the boundary map are tables with Panama population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2018.


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Panama, IA Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 219
Population in Households 219
Population in Familes 179
Population in Group Qrtrs 0
Population Density1 766
Diversity Index2 11
 

INCOME

Median Household Income $53,846
Average Household Income $63,638
Per Capita Income $27,182

HOUSING

Total Housing Units 107 (100%)
Owner Occupied HU 85 (79.4%)
Renter Occupied HU 14 (13.1%)
Vacant Housing Units 9 ( 8.4%)
Median Home Value $158,929
Average Home Value $165,882
 

HOUSEHOLDS

Total Households 98
Average Household Size 2.23
Family Households 65
Average Family Size 3
NOTES
  1. Population Density = Total Population per square mile.
  2. 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.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.11% -0.18%
Households 0.0% 0.0%
Families 1.6% -0.31%
Median Household Income   1.41%
Per Capita Income   2.43%

Panama, IA - Peer Comparisons by Rank and Percentile

The table below compares Panama to the other 1,009 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2018 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 # 679 33rd
Population Density # 447 56th
Diversity Index # 427 57th
Median Household Income # 581 43rd
Per Capita Income # 644 36th

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

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