HomeIllinoisMontgomery CountyPanama village
Panama village, Illinois: commercial real estate data.
Panama village is a Census village of 420 people across 0.36 square miles of land, lying across Montgomery County and Bond County. Median household income is $72,917, 92.4 percent of occupied homes are owned.
51 sourced place values · tier FULL · 6 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Panama
What Panama is
- Census place typevillage
- Land area0.36 sq mi
- Water area0 sq mi
- Population per square mile of land1,151 plus or minus 365
- County holding the largest share of its areaMontgomery County, 54.0 percent
- Counties this place lies inMontgomery County 54.0 percent, Bond County 46.0 percent
Panama village crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
How many people live in Panama
- Population420 plus or minus 133
- Median age40.3 plus or minus 12.6
- Population under 18123 plus or minus 77
- Share under 1829.3 percent plus or minus 15.7
- Population 65 and over63 plus or minus 24
- Share 65 and over15.0 percent plus or minus 3.2
- Households172 plus or minus 48
- Family households125 plus or minus 41
- Share of households that are families72.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
Income and work in Panama
- Median household income$72,917 plus or minus $19,365
- Per capita income$25,747
- Civilian labor force183 plus or minus 65
- Employed171 plus or minus 61
- Unemployed12 plus or minus 11
- Unemployment rate6.6 percent plus or minus 5.5
- Adults 25 and over286 plus or minus 75
- Adults 25 and over with a high school diploma or higher87.4 percent
- Adults 25 and over with a bachelor degree or higher3.8 percent plus or minus 5.0
- Adults 25 and over with a graduate degree0.3 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
Housing in Panama
- Housing units187 plus or minus 50
- Occupied units172 plus or minus 48
- Vacant units15 plus or minus 14
- Vacancy rate8.0 percent plus or minus 7.2
- Owner occupied159 plus or minus 48
- Renter occupied13 plus or minus 12
- Ownership rate92.4 percent
- Median owner-occupied home value$54,700 plus or minus $13,000
- Median gross rent, monthly$970
- Annual rent as a share of median income16.0 percent plus or minus 4.8
- Single family units159 plus or minus 51
- Share single family85.0 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes28 plus or minus 17
- Median year structure built1943
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Panama
How Panama gets to work
- Workers 16 and over who commute142 plus or minus 56
- Commuting under 15 minutes20 plus or minus 15
- Share commuting under 15 minutes14.1 percent plus or minus 9.1
- Commuting 30 minutes or more68 plus or minus 36
- Share commuting 30 minutes or more47.9 percent plus or minus 16.4
- Drove alone67.1 percent
- Carpooled15.9 percent plus or minus 11.6
- Public transport0.0 percent
- Walked0.6 percent plus or minus 2.3
- Worked from home16.5 percent plus or minus 19.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montgomery County, not Panama
Montgomery County context, not Panama figures
These are Montgomery County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Panama measurements.
- Establishments in Montgomery County676
- Employment at those establishments, Montgomery County7,538
- Covered employment, Montgomery County8,783
- Average annual pay, Montgomery County$83,351
- Average weekly wage, Montgomery County$1,603
- Housing units permitted, Montgomery County9
- Of those, single family, Montgomery County9
- County product, 2024, Montgomery County$2,020,807,000
- County product change over the prior year, Montgomery County26.9 percent
- Average income of an arriving household, Montgomery County$46,913
Every figure in this section is published for Montgomery County as a whole and is not a measurement of Panama. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No SBA approvals are recorded to a borrower address in this place in either FOIA release.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Panama questions, answered from the record.
How many people live in Panama, Illinois?
420, in 172 households. Panama village covers 0.36 square miles of land, which is 1,151 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Panama in?
Panama lies in more than one. By area it is 54.0 percent in Montgomery County, 46.0 percent in Bond County. This page sits under Montgomery County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Panama?
$72,917. The median owner-occupied home is valued at $54,700. Median gross rent is $970 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Are the county figures on this page Panama figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Montgomery County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Panama.
Is zoning published for Panama?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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