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The total population of Panama is estimated to be 253 with 107 males (42.29%) and 146 females (57.71%). There are 39 more females than males in Panama.
The median household income in Panama was $86,369 in 2021, which marked an a decrease of 10,656(10.98%) from $97,025 in 2020. This income is 115.77% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Panama sees its highest median household income among householders in the age group of 45 to 64 years old, at $95,255. Overall, the median household income for the village of Panama stands at $86,369.
In Panama, the median income for all workers aged 15 years and older, regardless of work hours, was $60,801 for males and $34,859 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,305 for males and $68,908 for females.
In Panama, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $102,236, while White households have a median household income of $85,849.
In 2022, the population of Panama was 231, a 1.28% decrease year-by-year from 2021. Previously, in 2021, Panama's population was 234, a decline of 0.85% compared to a population of 236 in 2020.
The median age in Panama, NE is 50.1, as per 2021 ACS 5-Year Estimates. Of the total population, 15.35% were under the age of 15, 18.50% aged 15 to 29, 48.82% aged 30 to 64, 14.17% aged 65 to 84, and 3.15% were 85 years of age and older.
Racial distribution of Panama population: 87.80% are White, 3.54% are Black or African American, 1.18% are some other race and 7.48% are multiracial.