Iowa Gazetteer
Also See Panama, IA: ZIP Codes & Maps
The City of Panama had a population of 245 as of 2020-2024 American Community Survey 5-Year Estimates.
The primary coordinate point for Panama is located at latitude 41.7264 and longitude -95.4722 in Shelby County. The formal boundaries for the City of Panama 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 City of Panama 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.
Source: 2020-2024 American Community Survey 5-Year Estimates
POPULATION | |
|---|---|
| Total Population | 245 (100%) |
| Population Density | 841 per sq mi |
| Diversity Index1 | 21 |
INCOME | |
| Median Household Income | $63,125 |
| Per Capita Income | $44,847 |
| Median Home Value | $142,200 |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 120 (100%) |
| Owner Occupied HU | 87 (72.5%) |
| Renter Occupied HU | 26 (21.7%) |
| Vacant Housing Units | 7 (5.8%) |
HOUSEHOLDS | |
| Total Households | 113 |
| Average Household Size | 2.17 |
| Family Households | 61 (54.0%) |
The table below compares Panama to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using 2020-2024 American Community Survey 5-Year Estimates 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 | # 662 | 36th |
| Population Density | # 382 | 63rd |
| Median Household Income | # 607 | 41st |
| Per Capita Income | # 131 | 87th |
| Diversity Index | # 313 | 70th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.
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