Panama, NY Population

Overview

439

Total Population

42.5

Median age

44.42%

Female population %

125.1:100

Gender ratio (M:F)

15-19 years

Largest age group

49.3

Total dependency ratio

White

Largest racial group

17

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 42.5, compared to 38.8 nationwide, according to the American Community Survey 2017 - 2021 5 Year estimates.
Panama's population under 18 was 23.69%, compared to the 22.51% nationwide.
Panama's elderly or the senior population (over 65 age) was 16.86% as compared to 16.04% nationwide.
Of the total population in Panama, 16.17% were under the age of 15, 27.11% aged 15 to 29, 39.86% aged 30 to 64, 13.90% aged 65 to 84, and 2.96% were 85 years of age and older.

There are 49 less females than males in Panama:

The female percentage in the USA is 50.50% while the male percentage is 49.50%, compared to 44.42% females and 55.58% males in Panama, NY.
The Panama, NY gender ratio is 125.1:100 i.e. 125.1 men to 100 women (1.251).
For male population, the largest age group is 15-19 years with a population of 33.
For the female population, the largest age group is 15-19 years with a population of 26.

Panama's population is moderately diverse:

Racial distribution of Panama population: 98.18% are White, 0.46% are Asian and 1.37% are multiracial.
Panama's racial breakdown clearly shows that there is an absolute majority of White population in the village.
By ethnicity, 17 is Hispanic or Latino (of any race), and 422 (96.13% of the total population) is Non-Hispanic.
The largest racial group in Panama is White with a population of 431 (98.18% of the total population).

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

The peak population was 490 in the year 2000
From 2000 to 2010, Panama's population decreased by 12 (2.45%), as compared to the national growth of 9.63%.
From 2010 to 2020, Panama's population decreased by 10 (2.09%), 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 2019 at 444.