Panama, IL Population

Overview

246

Total Population

54.3

Median age

56.50%

Female population %

77:100

Gender ratio (M:F)

60-64 years

Largest age group

56.7

Total dependency ratio

White

Largest racial group

1

Hispanic population

Sources: U.S. Census Bureau, American Community Survey (ACS) 2021

TABLE OF CONTENTS

Age

Panama's population is old compared to the rest of the country:

The median age in Panama is 54.3, compared to 38.8 nationwide, according to the American Community Survey 2017 - 2021 5 Year estimates.
Panama's population under 18 was 14.63%, compared to the 22.51% nationwide.
Panama's elderly or the senior population (over 65 age) was 22.36% as compared to 16.04% nationwide.
Of the total population in Panama, 13.82% were under the age of 15, 12.20% aged 15 to 29, 51.63% aged 30 to 64, 19.51% aged 65 to 84, and 2.85% were 85 years of age and older.

There are 32 more females than males in Panama:

The female percentage in the USA is 50.50% while the male percentage is 49.50%, compared to 56.50% females and 43.50% males in Panama, IL.
The Panama, IL gender ratio is 77:100 i.e. 77 men to 100 women (0.770).
For male population, the largest age group is 60-64 years with a population of 19.
For the female population, the largest age group is 60-64 years with a population of 26.

Panama's population is moderately diverse:

Racial distribution of Panama population: 99.19% are White, 0.41% are some other race and 0.41% are multiracial.
Panama's racial breakdown clearly shows that there is an absolute majority of White population in the village.
By ethnicity, 1 is Hispanic or Latino (of any race), and 245 (99.59% of the total population) is Non-Hispanic.
The largest racial group in Panama is White with a population of 244 (99.19% of the total population).

Panama's population has already reached its peak and is showing a trend of decline:

The peak population was 339 in the year 2010
From 2000 to 2010, Panama's population increased by 21 (6.60%), as compared to the national growth of 9.63%.
From 2010 to 2020, Panama's population decreased by 8 (2.36%), according to Census Bureau's Population Estimates Program. For the same period, the rate of growth for the United States was 7.17%.
Between the year 2000 and 2022, Panama's population was lowest in year 2009 at 309.