Panama, IL

Census Place

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2022 Population

317

28.9% 1-year growth

US Senator

Dick Durbin

Democratic Party

US Senator

Tammy Duckworth

Democratic Party

2022 Median Age

48.2

11.2% 1-year decrease

2022 Poverty Rate

5.99%

38.6% 1-year decrease

2022 Median Household Income

$59,643

4.87% 1-year growth

2022 Median Property Value

$68,600

18.1% 1-year growth

About

In 2022, Panama, IL had a population of 317 people with a median age of 48.2 and a median household income of $59,643. Between 2021 and 2022 the population of Panama, IL grew from 246 to 317, a 28.9% increase and its median household income grew from $56,875 to $59,643, a 4.87% increase.

The 5 largest ethnic groups in Panama, IL are White (Non-Hispanic) (99.7%), Other (Hispanic) (0.315%), White (Hispanic) (0%), Black or African American (Non-Hispanic) (0%), and Black or African American (Hispanic) (0%).

None of the households in Panama, IL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

99.7% of the residents in Panama, IL are U.S. citizens.

In 2022, the median property value in Panama, IL was $68,600, and the homeownership rate was 85.3%.

Most people in Panama, IL drove alone to work, and the average commute time was 35.4 minutes. The average car ownership in Panama, IL was 2 cars per household.

United States Illinois Bond County, IL Montgomery County, IL St. Louis, MO-IL Marion, Jefferson, Clinton, Randolph, Bond & Washington Counties PUMA, IL Montgomery, Logan, Shelby, Piatt, De Witt, Moultrie & Menard Counties PUMA, IL

Economy

The economy of Panama, IL employs 139 people. The largest industries in Panama, IL are Retail Trade (30 people), Health Care & Social Assistance (25 people), and Manufacturing (15 people), and the highest paying industries are Other Services Except Public Administration ($87,750), Professional, Scientific, & Management, & Administrative & Waste Management Services ($68,438), and Educational Services ($63,333).

Employment

Occupations

139

2022 Value

± 71

35%

1 Year growth

± 61.1%

From 2021 to 2022, employment in Panama, IL grew at a rate of 35%, from 103 employees to 139 employees.

The most common job groups, by number of people living in Panama, IL, are Material Moving Occupations (17 people), Healthcare Support Occupations (13 people), and Building & Grounds Cleaning & Maintenance Occupations (13 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama, IL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in Illinois (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

139

2022 Value

± 71

35%

1 Year growth

± 61.1%

From 2021 to 2022, employment in Panama, IL grew at a rate of 35%, from 103 employees to 139 employees.

The most common employment sectors for those who live in Panama, IL, are Retail Trade (30 people), Health Care & Social Assistance (25 people), and Manufacturing (15 people). This chart shows the share breakdown of the primary industries for residents of Panama, IL, though some of these residents may live in Panama, IL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$50,625

Median earning men ± $20,261

$17,000

Median earning women ± $15,671

The industries with the best median earnings for men in 2022 are Retail Trade ($67,500), Construction ($57,500), and Educational Services, & Health Care & Social Assistance ($46,250).

The industries with the best median earnings for women in 2022 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($68,438), Educational Services, & Health Care & Social Assistance ($15,625), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($15,313).

Employment by Industry Sector

Data is only available at the state level. Showing data for Illinois.

Y-Axis

2.47%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 6.03M people employed in Illinois. This represents a 2.47% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 13%.

The following chart shows monthly employment numbers for each industry sector in Illinois.

Civics

In the 2020 presidential election, the popular vote in Illinois went to Joseph R Biden Jr. with 57.5% of the vote. The runner-up was Donald J. Trump (40.6%), followed by Jo Jorgensen (1.1%).

Dick Durbin and Tammy Duckworth are the senators currently representing the state of Illinois. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Illinois is currently represented by 17 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Presidential Popular Vote Over Time

Voting results are not available for Panama, IL. Showing the available data for Illinois.

2020 Election Results

Joseph R Biden Jr. (57.5%)
Democratic Party
Donald J. Trump (40.6%)
Republican Party
Jo Jorgensen (1.1%)
Libertarian Party

In the 2020 presidential election, the popular vote in Illinois went to Joseph R Biden Jr. with 57.5% of the vote. The runner-up was Donald J. Trump (40.6%), followed by Jo Jorgensen (1.1%).

The following chart shows the popular vote results in Illinois for each registered party from 1976 to 2020.

Senator Elections

US Senators from Illinois

Senatorial voting results are only available at the state level. Showing data for Illinois.

Dick Durbin

Senator from Illinois

Assumed office on January 3, 1997

Tammy Duckworth

Senator from Illinois

Assumed office on January 3, 2017

Dick Durbin and Tammy Duckworth are the senators currently representing Illinois.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Illinois over time, excluding special elections, colored by their political party.

US Representative Elections

US Representatives from Illinois

Illinois is currently represented by 17 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Illinois have changed over time starting in 2008.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for Illinois.

Measure

In 2022, 1.08% of men over 25 years of age had not completed any academic degree (no schooling), while 1.01% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for Illinois.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (2.62M), Some college (2.15M), and Bachelors Degree (2.1M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Panama, IL was $68,600 in 2022, which is 0.243 times smaller than the national average of $281,900. Between 2021 and 2022 the median property value increased from $58,100 to $68,600, a 18.1% increase. The homeownership rate in Panama, IL is 85.3%, which is approximately the same as the national average of 64.8%.

People in Panama, IL have an average commute time of 35.4 minutes, and they drove alone to work. Car ownership in Panama, IL is approximately the same as the national average, with an average of 2 cars per household.

Property

$68,600

Median Property Value 2022

±$20,322

$116

Median Property Taxes

±$33

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Panama, IL the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Panama, IL compared to it's parent and neighbor geographies.

Rent vs Own

85.3%

Homeownership

2022

55.3%

Homeowners with Mortgage

2022

In 2022, 85.3% of the housing units in Panama, IL were occupied by their owner. This percentage declined from the previous year's rate of 89.4%.

This chart shows the percentage of owner in Panama, IL compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

The following map shows all of the places in Panama, IL colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$59,643

Median Household Income

± $7,322

136

Number of Households

± 40

In 2022, the median household income of the 136 households in Panama, IL grew to $59,643 from the previous year's value of $56,875.

The following chart displays the households in Panama, IL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $60k - $75k range.

Wage Distribution

The closest comparable wage GINI for Panama, IL is from Illinois.

0.477

2022 Wage GINI in Illinois

0.478

2021 Wage GINI in Illinois

In 2022, the income inequality in Illinois was 0.477 according to the GINI calculation of the wage distribution. Income inequality had a 0.371% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for Illinois was lower than than the national average of 0.478. In other words, wages are distributed more evenly in Illinois in comparison to the national average.

This chart shows the number of workers in Illinois across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2022

Drove Alone (79%)
Carpooled (17.4%)
Worked At Home (2.9%)

In 2022, 79% of workers in Panama, IL drove alone to work, followed by those who carpooled to work (17.4%) and those who worked at home (2.9%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

35.4 minutes

Average Travel Time

Using averages, employees in Panama, IL have a longer commute time (35.4 minutes) than the normal US worker (26.7 minutes). Additionally, 3.73% of the workforce in Panama, IL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Panama, IL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Panama, IL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Panama, IL have 2 cars.

Poverty

Poverty & Diversity

5.99% of the population for whom poverty status is determined in Panama, IL (19 out of 317 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Males 55 - 64 and then Females 65 - 74.

The most common racial or ethnic group living below the poverty line in Panama, IL is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

91.2% of the population of Panama, IL has health coverage, with 38.2% on employee plans, 24.9% on Medicaid, 19.2% on Medicare, 8.2% on non-group plans, and 0.631% on military or VA plans.

Primary care physicians in Montgomery County, IL see 2337 patients per year on average, which represents a 1.31% decrease from the previous year (2368 patients). Compare this to dentists who see 1652 patients per year, and mental health providers who see 1221 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Montgomery County, IL.

2,337 to 1

Patient to Primary Care Physician Ratio in Montgomery County, IL

Primary care physicians in Montgomery County, IL see an average of 2,337 patients per year. This represents a 1.31% decrease from the previous year (2,368 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Montgomery County, IL in comparison to its neighboring geographies.

Health Care Diversity

In 2022, insured persons according to age ranges were distributed in 20.2% under 18 years, 22.4% between 18 and 34 years, 38.5% between 35 and 64 years, and 18.9% over 64 years.

By gender, of the total number of insured persons, 40.8% were men and 59.2% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

8.83%

Uninsured

38.2%

Employer Coverage

24.9%

Medicaid

19.2%

Medicare

8.2%

Non-Group

0.631%

Military or VA

Between 2021 and 2022, the percent of uninsured citizens in Panama, IL grew by 44.9% from 6.1% to 8.83%.

The following chart shows how the percent of uninsured individuals in Panama, IL changed over time compared with the percent of individuals enrolled in various types of health insurance.

Keep Exploring

Montgomery County, IL