Panama, OK

Census Place

2024 Population

1,415

US Senator

James Lankford

Republican Party

US Senator

Alan Armstrong

Republican Party

2024 Median Age

31.5

3.28% 1-year increase

2024 Poverty Rate

29%

4.19% 1-year decrease

2024 Median Household Income

$47,136

3.62% 1-year growth

2024 Median Property Value

$124,800

Population & Diversity

Panama, OK is home to a population of 1.42k people, from which 99% are citizens.

As of 2024, 1.48% of Panama, OK residents were born outside of the country (21 people).

In 2024, there were 5.14 times more White (Non-Hispanic) residents (936 people) in Panama, OK than any other race or ethnicity. There were 182 American Indian & Alaska Native (Non-Hispanic) and 167 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99%

2024 Citizenship

99.2%

2023 Citizenship

As of 2024, 99% of Panama, OK residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Panama, OK was 99.2%, meaning that the rate of citizenship has been decreasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Panama, OK

White (Non-Hispanic)
936 ± 195
American Indian & Alaska Native (Non-Hispanic)
182 ± 72
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
167 ± 49

6.08%

Hispanic Population

86 people

6.08% of the people in Panama, OK are hispanic (86 people).

The following chart shows the 8 races represented in Panama, OK 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 Oklahoma.

Most Common Origin

Mexico
105,864 ± 7,883 people
Vietnam
13,987 ± 2,899 people
Guatemala
12,051 ± 2,691 people

In 2024, the most common birthplace for the foreign-born residents of Oklahoma was Mexico, the natal country of 105,864 Oklahoma residents, followed by Vietnam with 13,987 and Guatemala with 12,051.

Foreign-Born Population

1.48%

2024 Foreign-Born Population

21 people

1.12%

2023 Foreign-Born Population

16 people

As of 2024, 1.48% of Panama, OK residents (21 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Panama, OK was 1.12%, meaning that the rate has been increasing.

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

Military

Veterans

Most Common Service Period

Gulf War (2001-)
36 ± 33
Vietnam
33 ± 22
Gulf War (1990s)
7 ± 12

Panama, OK has a large population of military personnel who served in Gulf War (2001-), 1.09 times greater than any other conflict.

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

Economy

The economy of Panama, OK employs 544 people. In 2024, the largest industries in Panama, OK were Retail Trade (181 people), Health Care & Social Assistance (81 people), and Manufacturing (55 people), and the highest paying industries were Transportation & Warehousing ($76,250), Transportation & Warehousing, & Utilities ($76,250), and Retail Trade ($60,532).

Employment

Occupations

544

2024 Value

± 146

1.87%

1 Year growth

± 37%

From 2023 to 2024, employment in Panama, OK grew at a rate of 1.87%, from 534 employees to 544 employees.

The most common job groups, by number of people living in Panama, OK, are Sales & Related Occupations (158 people), Production Occupations (44 people), and Management Occupations (44 people). This chart illustrates the share breakdown of the primary jobs held by residents of Panama, OK.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Oklahoma (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

544

2024 Value

± 146

1.87%

1 Year growth

± 37%

From 2023 to 2024, employment in Panama, OK grew at a rate of 1.87%, from 534 employees to 544 employees.

The most common employment sectors for those who live in Panama, OK, are Retail Trade (181 people), Health Care & Social Assistance (81 people), and Manufacturing (55 people). This chart shows the share breakdown of the primary industries for residents of Panama, OK, though some of these residents may live in Panama, OK and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$51,429

Median earning men ± $16,428

$23,393

Median earning women ± $2,126

The industries with the best median earnings for men in 2024 are Transportation & Warehousing, & Utilities ($76,250), Retail Trade ($60,903), and Construction ($45,550).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($27,614), Retail Trade ($23,636), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($10,278).

Civics

In the 2024 presidential election, the popular vote in Oklahoma went to Donald J. Trump with 66.2% of the vote. The runner-up was Kamala Harris (31.9%), followed by Robert Kennedy (1.02%).

James Lankford and Alan Armstrong are the senators currently representing the state of Oklahoma. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Oklahoma is currently represented by 5 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, OK. Showing the available data for Oklahoma.

2024 Election Results

Donald J. Trump (66.2%)
Republican Party
Kamala Harris (31.9%)
Democratic Party
Robert Kennedy (1.02%)
Independent Party

In the 2024 presidential election, the popular vote in Oklahoma went to Donald J. Trump with 66.2% of the vote. The runner-up was Kamala Harris (31.9%), followed by Robert Kennedy (1.02%).

The following chart shows the popular vote results in Oklahoma for each registered party from 1976 to 2024.

Senator Elections

US Senators from Oklahoma

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

James Lankford

Senator from Oklahoma

Assumed office on January 3, 2015
Took office following the resignation of Tom Coburn.

Alan Armstrong

Senator from Oklahoma

Assumed office on March 24, 2026
Took office following the resignation of Markwayne Mullin as Secretary of Homeland Security.{{cite web |last1=Hoberock |first1=Barbara |title=Mullin resigns from US Senate |url=https://oklahomavoice.com/2026/03/23/mullin-resigns-from-us-senate-oklahoma-governor-to-appoint-his-replacement/ |website=Oklahoma Voice |access-date=24 March 2026}}.

James Lankford and Alan Armstrong are the senators currently representing Oklahoma.

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 Oklahoma over time, excluding special elections, colored by their political party.

Housing & Living

The median property value in Panama, OK was $124,800 in 2024, which is 0.375 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $121,100 to $124,800, a 3.06% increase. The homeownership rate in Panama, OK is 65.4%, which is higher than the national average of 65.2%.

People in Panama, OK have an average commute time of 26.2 minutes, and they drove alone to work. Car ownership in Panama, OK is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$124,800

Median Property Value 2024

±$33,609

$387

Median Property Taxes

±$132

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, OK the largest share of households pay taxes in the < $800 range.

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

Rent vs Own

65.4%

Homeownership

2024

65.5%

Homeowners with Mortgage

2024

In 2024, 65.4% of the housing units in Panama, OK were occupied by their owner. This percentage declined from the previous year's rate of 65.5%.

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

$47,136

Median Household Income

± $14,509

592

Number of Households

± 139

In 2024, the median household income of the 592 households in Panama, OK grew to $47,136 from the previous year's value of $45,489.

The following chart displays the households in Panama, OK 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, OK is from Oklahoma.

0.45

2024 Wage GINI in Oklahoma

0.452

2023 Wage GINI in Oklahoma

In 2024, the income inequality in Oklahoma was 0.45 according to the GINI calculation of the wage distribution. Income inequality had a 0.454% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Oklahoma was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Oklahoma in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (84.4%)
Worked At Home (7.82%)
Carpooled (6.15%)

In 2024, 84.4% of workers in Panama, OK drove alone to work, followed by those who worked at home (7.82%) and those who carpooled to work (6.15%).

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

26.2 minutes

Average Travel Time

Using averages, employees in Panama, OK have a shorter commute time (26.2 minutes) than the normal US worker (26.4 minutes). Additionally, 3.43% of the workforce in Panama, OK have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

29% of the population for whom poverty status is determined in Panama, OK (408 out of 1.41k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females < 5, followed by Females 35 - 44 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Panama, OK is White, followed by Two Or More 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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