Panama, NY

Census Place

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2023 Population

476

1.65% 1-year decline

US Senator

Chuck Schumer

Democratic Party

US Senator

Kirsten Gillibrand

Democratic Party

2023 Median Age

48.8

9.42% 1-year increase

2023 Poverty Rate

10.9%

2.09% 1-year decrease

2023 Median Household Income

$57,250

6.24% 1-year growth

2023 Median Property Value

$96,600

3.32% 1-year growth

2023 Employed Population

220

10.2% 1-year decline

About

In 2023, Panama, NY had a population of 476 people with a median age of 48.8 and a median household income of $57,250. Between 2022 and 2023 the population of Panama, NY declined from 484 to 476, a −1.65% decrease and its median household income grew from $53,889 to $57,250, a 6.24% increase.

The 5 largest ethnic groups in Panama, NY are White (Non-Hispanic) (97.5%), White (Hispanic) (1.05%), Two+ (Non-Hispanic) (0.84%), Asian (Non-Hispanic) (0.42%), and American Indian & Alaska Native (Non-Hispanic) (0.21%).

None of the households in Panama, NY 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.

100% of the residents in Panama, NY are U.S. citizens.

In 2023, the median property value in Panama, NY was $96,600, and the homeownership rate was 63.6%.

Most people in Panama, NY drove alone to work, and the average commute time was 23.7 minutes. The average car ownership in Panama, NY was 2 cars per household.

United States New York Chautauqua County, NY Jamestown-Dunkirk-Fredonia, NY Chautauqua County PUMA, NY

Population & Diversity

Panama, NY is home to a population of 476 people, from which 100% are citizens. As of 2023, 1.47% of Panama, NY residents were born outside of the country (7 people).

In 2023, there were 92.8 times more White (Non-Hispanic) residents (464 people) in Panama, NY than any other race or ethnicity. There were 5 White (Hispanic) and 4 Two+ (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2023 Citizenship

100%

2022 Citizenship

As of 2023, 100% of Panama, NY residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Panama, NY was 100%, meaning that the rate of citizenship has been maintaining.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Panama, NY

White (Non-Hispanic)
464 ± 107
White (Hispanic)
5 ± 7
Two+ (Non-Hispanic)
4 ± 7.62

1.05%

Hispanic Population

5 people

1.05% of the people in Panama, NY are hispanic (5 people).

The following chart shows the 7 races represented in Panama, NY 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 New York.

Most Common Origin

Dominican Republic
505,872 ± 17,239 people
China
415,960 ± 15,668 people
Jamaica
230,433 ± 11,717 people

In 2022, the most common birthplace for the foreign-born residents of New York was Dominican Republic, the natal country of 505,872 New York residents, followed by China with 415,960 and Jamaica with 230,433.

Foreign-Born Population

1.47%

2023 Foreign-Born Population

7 people

1.24%

2022 Foreign-Born Population

6 people

As of 2023, 1.47% of Panama, NY residents (7 people) were born outside of the United States, which is lower than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Panama, NY was 1.24%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Panama, NY compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
9 ± 22
Gulf War (1990s)
3 ± 14
Gulf War (2001-)
2 ± 19

Panama, NY has a large population of military personnel who served in Vietnam, 3 times greater than any other conflict.

Economy

The economy of Panama, NY employs 220 people. The largest industries in Panama, NY are Manufacturing (52 people), Accommodation & Food Services (31 people), and Educational Services (29 people), and the highest paying industries are Transportation & Warehousing, & Utilities ($61,667), Transportation & Warehousing ($61,667), and Manufacturing ($53,088).

Males in New York have an average income that is 1.27 times higher than the average income of females, which is $77,694. The income inequality in New York (measured using the Gini index) is 0.494, which is higher than than the national average.

Employment

Occupations

220

2023 Value

± 75

−10.2%

1 Year decline

± 51%

From 2022 to 2023, employment in Panama, NY declined at a rate of −10.2%, from 245 employees to 220 employees.

The most common job groups, by number of people living in Panama, NY, are Production Occupations (34 people), Office & Administrative Support Occupations (30 people), and Management Occupations (26 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama, NY.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in New York (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

220

2023 Value

± 75

−10.2%

1 Year decline

± 51%

From 2022 to 2023, employment in Panama, NY declined at a rate of −10.2%, from 245 employees to 220 employees.

The most common employment sectors for those who live in Panama, NY, are Manufacturing (52 people), Accommodation & Food Services (31 people), and Educational Services (29 people). This chart shows the share breakdown of the primary industries for residents of Panama, NY, though some of these residents may live in Panama, NY and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$46,250

Median earning men ± $20,929

$31,250

Median earning women ± $4,901

The industries with the best median earnings for men in 2023 are Transportation & Warehousing, & Utilities ($61,667), Manufacturing ($54,044), and Educational Services, & Health Care & Social Assistance ($32,000).

The industries with the best median earnings for women in 2023 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($56,250), Educational Services, & Health Care & Social Assistance ($36,458), and Manufacturing ($31,406).

Employment by Industry Sector

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

Y-Axis

2.74%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 9.56M people employed in New York. This represents a 2.74% 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 19.7%.

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

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 New York.

Measure

In 2022, 1.7% of men over 25 years of age had not completed any academic degree (no schooling), while 1.75% 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 New York.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (4.04M), Bachelors Degree (3.33M), and Some college (2.79M).

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, NY was $96,600 in 2023, which is 0.318 times smaller than the national average of $303,400. Between 2022 and 2023 the median property value increased from $93,500 to $96,600, a 3.32% increase. The homeownership rate in Panama, NY is 63.6%, which is approximately the same as the national average of 65%.

People in Panama, NY have an average commute time of 23.7 minutes, and they drove alone to work. Car ownership in Panama, NY is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$96,600

Median Property Value 2023

±$7,892

$131

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, NY the largest share of households pay taxes in the $2k - $3k range.

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

Rent vs Own

63.6%

Homeownership

2023

66%

Homeowners with Mortgage

2023

In 2023, 63.6% of the housing units in Panama, NY were occupied by their owner. This percentage grew from the previous year's rate of 60.1%.

This chart shows the percentage of owner in Panama, NY 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, NY 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.

$57,250

Median Household Income

± $13,401

206

Number of Households

± 46

In 2023, the median household income of the 206 households in Panama, NY grew to $57,250 from the previous year's value of $53,889.

The following chart displays the households in Panama, NY 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, NY is from New York.

0.494

2022 Wage GINI in New York

0.493

2021 Wage GINI in New York

In 2022, the income inequality in New York was 0.494 according to the GINI calculation of the wage distribution. Income inequality had a 0.125% growth from 2021 to 2022, which means that wage distribution grew somewhat less even. The GINI for New York was higher than than the national average of 0.478. In other words, wages are distributed less evenly in New York in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (81.5%)
Carpooled (13%)
Worked At Home (4.17%)

In 2023, 81.5% of workers in Panama, NY drove alone to work, followed by those who carpooled to work (13%) and those who worked at home (4.17%).

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

23.7 minutes

Average Travel Time

Using averages, employees in Panama, NY have a shorter commute time (23.7 minutes) than the normal US worker (26.6 minutes). Additionally, 5.31% of the workforce in Panama, NY have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

10.9% of the population for whom poverty status is determined in Panama, NY (52 out of 476 people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 25 - 34, followed by Females 65 - 74 and then Females 18 - 24.

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

94.1% of the population of Panama, NY has health coverage, with 34.9% on employee plans, 22.9% on Medicaid, 20.2% on Medicare, 15.8% on non-group plans, and 0.42% on military or VA plans.

Primary care physicians in Chautauqua County, NY see 1800 patients per year on average, which represents a 3.54% decrease from the previous year (1866 patients). Compare this to dentists who see 1761 patients per year, and mental health providers who see 551 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Chautauqua County, NY.

1,800 to 1

Patient to Primary Care Physician Ratio in Chautauqua County, NY

Primary care physicians in Chautauqua County, NY see an average of 1,800 patients per year. This represents a 3.54% decrease from the previous year (1,866 patients).

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

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 19.3% under 18 years, 17% between 18 and 34 years, 36.8% between 35 and 64 years, and 26.9% over 64 years.

By gender, of the total number of insured persons, 48.8% were men and 51.2% were women.

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

Uninsured People

5.88%

Uninsured

34.9%

Employer Coverage

22.9%

Medicaid

20.2%

Medicare

15.8%

Non-Group

0.42%

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Panama, NY declined by 28.8% from 8.26% to 5.88%.

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

Keep Exploring

New York

State

Chautauqua County, NY

County

Jamestown-Dunkirk-Fredonia, NY

MSA

United States

Nation