Panama, IL has a population of 287 people with a median age of 34.6 and a median household income of $41,250. Between 2015 and 2016 the population of Panama, IL grew from 262 to 287, a 9.5% increase and its median household income grew from $40,000 to $41,250, a 3.13% increase.
The population of Panama, IL is 98.6% White, 1.39% Hispanic, and N/A Other. 1.88% of the people in Panama, IL speak a non-English language, and 100% are U.S. citizens.
The largest universities in Panama, IL are Kaskaskia College, with 1,711 graduates, Greenville College, with 349 graduates, and Tri-County Beauty Academy, with 12 graduates.
The median property value in Panama, IL is $49,200, and the homeownership rate is 86.4%. Most people in Panama, IL commute by Drove Alone, and the average commute time is 31.8 minutes. The average car ownership in Panama, IL is 2 cars per household.
Panama, IL is a census place located in Bond County, IL and Montgomery County, IL. It borders .