Panama, Illinois
Panama: Village in Illinois
About
Panama is a village located in the county of Montgomery in the U.S. state of Illinois. Its population at the 2010 census was 343 and a population density of 953 people per km². After 10 years in 2020 city had an estimated population of 310 inhabitants.
The village was created 118 years ago in 1905.
Quick Facts about Panama
| Population : | 310 (2020) |
| Country : | United States of America |
| State : | Illinois (United States) |
| County : | Montgomery County |
| Area : | 0.36 km2 |
| Altitude : | 1,939 feet / 591 meters |
| Establishment : | January 01, 1906 (118 years ago) |
| Time Zone : | America/Chicago |
| Local time : | 20:50:18 (21st December 2024) |
| Postal code : | 62077 |
| Density : | 861 Pop. per km² as of 2020 |
| Population growth : | -10.65% (2010-2020) |
Geography
Panama is located at 39°1'46"N 89°31'27"W (39.0294900, -89.5242500).
Panama map
Click "full screen" 
icon to open full mode. View satellite images
icon to open full mode. View satellite images
Demographics
According to census records, the population of Panama decreased by 10.65% in 10 years.
| Year | Population | % Change | Method |
| 2010 | 343 | - | census |
| 2011 | 341 | -0.59% | estimation process |
| 2012 | 340 | -0.29% | estimation process |
| 2013 | 338 | -0.59% | estimation process |
| 2014 | 334 | -1.2% | estimation process |
| 2015 | 331 | -0.91% | estimation process |
| 2016 | 326 | -1.53% | estimation process |
| 2017 | 323 | -0.93% | estimation process |
| 2018 | 322 | -0.31% | estimation process |
| 2019 | 319 | -0.94% | estimation process |
| 2020 | 310 | -2.9% | estimation process |
Demographic Facts
| Estimated population as of July 1, 2019 : | 51,063 |
| Based on demographic estimates as of April 1, 2010 : | 36,867 |
| Based on demographic estimates as of 1 April 2010 : | 38.5% |
| April 1, 2020 Population : | 53,036 |
| April 1, 2010 Population : | 36,877 |
| People under 5 years old, percentage : | 7.8% |
| People under 18 years old, percentage : | 29.5% |
| People over 65 (%) : | 13.5% |
| Female persons, % : | 51.6% |
| White only, percent : | 64.9% |
| Black or African American alone, percent : | 9.1% |
| American Indian and Alaska Native only, % : | 1.2% |
| Asians alone % : | 8.8% |
| Only Native Hawaiians and Other Pacific Islanders, % : | 0.1% |
| % of people who have participated in two or more races : | 4.3% |
| % of Hispanic or Latino : | 46.5% |
| White people, not Hispanic or Latino people, make up the majority of the population. : | 33.6% |
| 2015-2019 Veterans : | 2,351 |
| Percentage of foreign-born people, 2015-2019 : | 18.3% |
| Rate of owner-occupied housing units, 2015-2019 : | 77.2% |
Panama zip code is 62077.
County name: Montgomery, County
fips: 17135
Economic Facts
| Rate of owner-occupied housing units, 2015-2019 : | 77.2% |
| Owner-occupied housing unit median value, 2015-2019 : | $320,500 |
| From 2015 to 2019, the median selected monthly owner costs - with a mortgage : | $2,028 |
| Monthly owner costs, without a mortgage, at the median, 2015-2019 : | $635 |
| 2015-2019 median gross rent : | $1,320 |
| 2015-2019 Households : | 13,886 |
| Population per household, 2015-2019 : | 3.38 |
| Living in the same house a year ago, percentage of people aged one year and up, 2015-2019 : | 86.9% |
| Languages other than English spoken at home, as a percentage of people aged 5 and up, 2015-2019 : | 34.3% |
| Households with computers, %, 2015-2019 : | 95.9% |
| Percentage of households with a broadband Internet subscription, 2015-2019 : | 88.9% |
| Percentage of people aged 25 and up with a high school diploma or higher, 2015-2019 : | 87.5% |
| Bachelor's degree or higher, proportion of people aged 25 and up, 2015-2019 : | 26.1% |
| Percentage of people under the age of 65 who have a disability, 2015-2019 : | 6.2% |
| Persons under the age of 65 who do not have health insurance, as a percentage : | 6.2% |
| Total civilian labor force, percent of population aged 16 and up, 2015-2019 : | 61.3% |
| Female labor force participation in the civilian labor force, as a percentage of the population aged 16 and up, 2015-2019 : | 55.7% |
| Total sales of lodging and food services in 2012 ($1,000) : | 33,140 |
| Total receipts/revenue for health care and social assistance in 2012 ($1,000) : | 66,889 |
| Manufacturers' total shipments in 2012 ($1,000) : | 102,255 |
| 2012 total retail sales ($1,000) : | 348,804 |
| 2012 total retail sales per capita : | $8,841 |
| Mean commute time to work (in minutes), workers aged 16 and up, 2015-2019 : | 34.4 |
| 2015-2019 median household income (in 2019 dollars) : | $84,105 |
| Income per capita in the previous 12 months (in 2019 dollars), 2015-2019 : | $28,883 |
| Percentage of people living in poverty : | 10.5% |
| Total number of businesses in 2012 : | 2,703 |
| Men-owned businesses in 2012 : | 1,204 |
| Women-owned businesses in 2012 : | 1,306 |
| Minority-owned businesses in 2012 : | 1,243 |
| Non-minority-owned businesses in 2012 : | 1,343 |
| Veteran-owned businesses in 2012 : | 117 |
| Nonveteran-owned businesses in 2012 : | 2,475 |
| 2010 population per square mile : | 1,193.0 |
| 2010 land area in square miles : | 30.91 |
Schools in Panama
College & universities near Panama, IL
| Code | Name | City | ZIP |
|---|---|---|---|
| 145372 | Greenville University | Greenville (IL) | 62246 |
Stations (10)
Amtrak & bus stations near Panama, IL
| Code | Name | Address | Type |
|---|---|---|---|
| CRV | Carlinville | 128 Alton Rd. | RAIL |
| ALN | Alton | 3400 College Ave. | RAIL |
| CEN | Centralia station | 108 East Broadway | RAIL |
| STL | Gateway Transportation Center | 551 South 16th St. | RAIL |
| EFG | Effingham | 401 West National Ave. | RAIL |
Other places with the same name (5)
- Panama , Oklahoma town in Oklahoma with a population of 1,358 people.
- Panama , New York village in New York, United States with a population of 441 people.
- Panama , Nebraska village in Nebraska, United States with a population of 277 people.
- Panama , Iowa city in Iowa with a population of 206 people.
Other cities in Montgomery County
Cities, towns, neighborhoods & other populated places in Montgomery County , IL. (more)
| City Name | Population | Title |
|---|---|---|
| Litchfield | 6,609 | City in Illinois, United States |
| Hillsboro | 5,909 | City in Illinois, United States |
| Nokomis | 2,077 | City in Illinois, United States |
| Raymond | 927 | Town in Illinois |
| White Oak | 899 | Township in McLean County, Illinois |
| Witt | 833 | City in Montgomery County, Illinois, United States |
| Farmersville | 662 | Human settlement in Illinois, United States of America |
| Taylor Springs | 650 | Human settlement in Illinois, United States of America |
| Coffeen | 634 | City in Montgomery County, Illinois, United States of America |
| Schram City | 542 | Human settlement in Illinois, United States of America |
| Irving | 463 | Village in Illinois, USA |
| Zanesville | 417 | Township in Montgomery County, Illinois |
| Fillmore | 305 | Village in the United States |
| Coalton | 282 | Human settlement in Illinois, United States of America |
| Waggoner | 247 | Human settlement in Illinois, United States of America |
| Harvel | 210 | Township in Montgomery County, Illinois |
