Panama, OK Demographics

The total population of Panama is estimated to be 1,278 with 678 males (53.05%) and 600 females (46.95%). There are 78 less females than males in Panama.
The median household income in Panama was $45,299 in 2021, which marked an an increase of 627(1.40%) from $44,672 in 2020. This income is 60.72% 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 65 years and over old, at $75,664. Overall, the median household income for the town of Panama stands at $45,299.
In Panama, the median income for all workers aged 15 years and older, regardless of work hours, was $31,840 for males and $19,085 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,175 for males and $34,961 for females.
In Panama, there are just three different racial groups among households. Among these, White households report a median household income of $49,587, followed by Two or More Races households at $41,970, and American Indian and Alaska Native households with a median household income of $41,345.
In 2022, the population of Panama was 1,284, a 0.31% increase year-by-year from 2021. Previously, in 2021, Panama's population was 1,280, an increase of 0.71% compared to a population of 1,271 in 2020.
The median age in Panama, OK is 33.1, as per 2021 ACS 5-Year Estimates. Of the total population, 25.24% were under the age of 15, 21.48% aged 15 to 29, 32.93% aged 30 to 64, 20.05% aged 65 to 84, and 0.30% were 85 years of age and older.
Racial distribution of Panama population: 68.12% are White, 0.53% are Black or African American, 9.80% are American Indian and Alaska Native, 1.66% are Asian, 0.45% are some other race and 19.44% are multiracial.