Panama, NE

Census Place

2024 Population

232

US Senator

Deb Fischer

Republican Party

US Senator

Pete Ricketts

Republican Party

2024 Median Age

52.7

1.74% 1-year increase

2024 Poverty Rate

3.46%

3.9% 1-year decrease

2024 Median Household Income

$94,514

5.5% 1-year growth

2024 Median Property Value

Population & Diversity

Panama, NE is home to a population of 232 people, from which 100% are citizens.

In 2024, there were 7.21 times more White (Non-Hispanic) residents (202 people) in Panama, NE than any other race or ethnicity. There were 28 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 2 Two Races Including Other (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Panama, NE residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Panama, NE was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Panama, NE compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Panama, NE

White (Non-Hispanic)
202 ± 61
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
28 ± 54
Two Races Including Other (Non-Hispanic)
2 ± 3

The following chart shows the 8 races represented in Panama, NE as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Nebraska.

Most Common Origin

Mexico
47,802 ± 5,303 people
Guatemala
13,722 ± 2,866 people
El Salvador
6,860 ± 2,030 people

In 2024, the most common birthplace for the foreign-born residents of Nebraska was Mexico, the natal country of 47,802 Nebraska residents, followed by Guatemala with 13,722 and El Salvador with 6,860.

Military

Veterans

Most Common Service Period

Vietnam
5 ± 15
Gulf War (2001-)
2 ± 14
Korea
2 ± 10

Panama, NE has a large population of military personnel who served in Vietnam, 2.5 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Panama, NE.

Economy

The economy of Panama, NE employs 137 people. In 2024, the largest industries in Panama, NE were Public Administration (23 people), Other Services, Except Public Administration (20 people), and Health Care & Social Assistance (16 people), and the highest paying industries were Public Administration ($88,681), Finance & Insurance, & Real Estate & Rental & Leasing ($73,125), and Finance & Insurance ($71,250).

Employment

Occupations

137

2024 Value

± 59

3.79%

1 Year growth

± 58.2%

From 2023 to 2024, employment in Panama, NE grew at a rate of 3.79%, from 132 employees to 137 employees.

The most common job groups, by number of people living in Panama, NE, are Business & Financial Operations Occupations (23 people), Management Occupations (16 people), and Personal Care & Service Occupations (11 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama, NE.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Nebraska (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.

Industries

Employment by Industries

137

2024 Value

± 59

3.79%

1 Year growth

± 58.2%

From 2023 to 2024, employment in Panama, NE grew at a rate of 3.79%, from 132 employees to 137 employees.

The most common employment sectors for those who live in Panama, NE, are Public Administration (23 people), Other Services, Except Public Administration (20 people), and Health Care & Social Assistance (16 people). This chart shows the share breakdown of the primary industries for residents of Panama, NE, though some of these residents may live in Panama, NE and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$60,000

Median earning men ± $16,570

$54,583

Median earning women ± $16,523

The industries with the best median earnings for men in 2024 are Manufacturing ($86,250), Educational Services, & Health Care & Social Assistance ($68,750), and Construction ($63,750).

The industries with the best median earnings for women in 2024 are Public Administration ($88,681), Finance & Insurance, & Real Estate & Rental & Leasing ($68,750), and Other Services Except Public Administration ($57,708).

Housing & Living

The median property value in Panama, NE was $197,800 in 2024, which is 0.595 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $196,000 to $197,800, a 0.918% increase. The homeownership rate in Panama, NE is 88.3%, which is higher than the national average of 65.2%.

People in Panama, NE have an average commute time of 33.8 minutes, and they drove alone to work. Car ownership in Panama, NE is higher than the national average, with an average of 3 cars per household.

Housing

Property

$197,800

Median Property Value 2024

±$23,468

$91

Median Property Taxes

±$36

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, NE the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

88.3%

Homeownership

2024

65.8%

Homeowners with Mortgage

2024

In 2024, 88.3% of the housing units in Panama, NE were occupied by their owner. This percentage declined from the previous year's rate of 88.5%.

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

Equity

Household Income

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

$94,514

Median Household Income

± $11,688

103

Number of Households

± 39

In 2024, the median household income of the 103 households in Panama, NE grew to $94,514 from the previous year's value of $89,583.

The following chart displays the households in Panama, NE 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 $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Panama, NE is from Nebraska.

0.447

2024 Wage GINI in Nebraska

0.447

2023 Wage GINI in Nebraska

In 2024, the income inequality in Nebraska was 0.447 according to the GINI calculation of the wage distribution. Income inequality had a 0.182% growth from 2023 to 2024, which means that wage distribution grew somewhat less even. The GINI for Nebraska was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Nebraska in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (83.2%)
Worked At Home (11.7%)
Carpooled (4.38%)

In 2024, 83.2% of workers in Panama, NE drove alone to work, followed by those who worked at home (11.7%) and those who carpooled to work (4.38%).

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

33.8 minutes

Average Travel Time

Using averages, employees in Panama, NE have a longer commute time (33.8 minutes) than the normal US worker (26.4 minutes). Additionally, 1.65% of the workforce in Panama, NE have "super commutes" in excess of 90 minutes.

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

Car Ownership

3 cars

Average Number

The following chart displays the households in Panama, NE distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Panama, NE have 3 cars.

Poverty

Poverty & Diversity

3.46% of the population for whom poverty status is determined in Panama, NE (8 out of 231 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 75+, followed by Males 75+ and then Females 55 - 64.

The most common racial or ethnic group living below the poverty line in Panama, NE 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

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

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

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