Coalton vs Panama

A side-by-side comparison of Coalton and Panama: population, income, housing, and more.

Coalton and Panama are places in Illinois. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Panama has the higher population (327 vs 280 in Coalton). Coalton has the higher median household income ($76,250 vs $60,096 in Panama). Coalton has the higher median home value ($81,000 vs $60,800 in Panama).

Population, income & housing

	Coalton	Panama
Population	280	327
Median age	46.0 yrs	48.5 yrs
Median household income	$76,250	$60,096
Median home value	$81,000	$60,800
Median gross rent	$775	$833
Housing units	148	164
Homeownership rate	84.7%	85.9%
Bachelor's degree or higher	12.0%	7.5%
Unemployment rate	2.2%	12.5%

Trends (ACS 5-year, 2019–2023)

	Coalton	Panama
Population	342 → 280 (-18.1%)	296 → 327 (+10.5%)
Median household income	$43,625 → $76,250 (+74.8%)	$55,089 → $60,096 (+9.1%)
Median home value	$71,800 → $81,000 (+12.8%)	$59,300 → $60,800 (+2.5%)
Median gross rent	$683 → $775 (+13.5%)	$863 → $833 (-3.5%)

Coalton

Population

342280

Median household income

$43,625$76,250

Median home value

$71,800$81,000

Median gross rent

$683$775

Panama

Population

296327

Median household income

$55,089$60,096

Median home value

$59,300$60,800

Median gross rent

$863$833

Age & race/ethnicity

Age distribution (share)

	Coalton	Panama
Under 5	2.9%	5.8%
5 to 17	13.9%	14.4%
18 to 24	8.6%	2.4%
25 to 34	12.1%	16.5%
35 to 44	10.4%	6.1%
45 to 54	10.4%	11.9%
55 to 64	12.9%	24.5%
65 to 74	18.9%	11.6%
75 and over	10.0%	6.7%

Race & ethnicity (share)

	Coalton	Panama
White (non-Hispanic)	98.9%	99.1%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	0.4%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	0.0%	0.6%
Hispanic or Latino	0.7%	0.3%

Educational attainment (age 25+)

Share of adults 25+

	Coalton	Panama
No high school diploma	11.0%	17.8%
High school graduate	39.2%	50.6%
Some college or associate's	37.8%	24.1%
Bachelor's degree	10.5%	5.9%
Graduate or professional degree	1.4%	1.6%

Commute to work

How workers get to work (share)

	Coalton	Panama
Drove alone	69.5%	73.4%
Carpooled	19.8%	23.4%
Public transit	0.0%	0.0%
Walked	0.0%	0.8%
Bicycle	0.0%	0.0%
Worked from home	9.9%	2.4%
Other means	0.8%	0.0%

Housing

Units in structure (share)

	Coalton	Panama
1-unit, detached	89.9%	84.1%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.0%	0.0%
5 to 19 units	0.0%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	10.1%	15.9%

Poverty & households

	Coalton	Panama
Poverty rate	6.1%	9.5%
Average household size	2.04	2.19
Mean commute (minutes)	31	35
Median year structure built	1957	1946