Irving vs Panama

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

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

Irving has the higher population (407 vs 327 in Panama). Panama has the higher median household income ($60,096 vs $46,250 in Irving). Panama has the higher median home value ($60,800 vs $44,600 in Irving).

Population, income & housing

	Irving	Panama
Population	407	327
Median age	40.7 yrs	48.5 yrs
Median household income	$46,250	$60,096
Median home value	$44,600	$60,800
Median gross rent	$478	$833
Housing units	163	164
Homeownership rate	76.6%	85.9%
Bachelor's degree or higher	12.3%	7.5%
Unemployment rate	5.5%	12.5%

Trends (ACS 5-year, 2019–2023)

	Irving	Panama
Population	377 → 407 (+8.0%)	296 → 327 (+10.5%)
Median household income	$24,063 → $46,250 (+92.2%)	$55,089 → $60,096 (+9.1%)
Median home value	$52,900 → $44,600 (-15.7%)	$59,300 → $60,800 (+2.5%)
Median gross rent	$294 → $478 (+62.6%)	$863 → $833 (-3.5%)

Irving

Population

377407

Median household income

$24,063$46,250

Median home value

$52,900$44,600

Median gross rent

$294$478

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)

	Irving	Panama
Under 5	5.7%	5.8%
5 to 17	16.0%	14.4%
18 to 24	8.4%	2.4%
25 to 34	10.8%	16.5%
35 to 44	16.7%	6.1%
45 to 54	8.6%	11.9%
55 to 64	17.4%	24.5%
65 to 74	13.3%	11.6%
75 and over	3.2%	6.7%

Race & ethnicity (share)

	Irving	Panama
White (non-Hispanic)	92.4%	99.1%
Black or African American	0.7%	0.0%
American Indian & Alaska Native	0.0%	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	3.7%	0.6%
Hispanic or Latino	3.2%	0.3%

Educational attainment (age 25+)

Share of adults 25+

	Irving	Panama
No high school diploma	13.3%	17.8%
High school graduate	45.3%	50.6%
Some college or associate's	29.1%	24.1%
Bachelor's degree	8.1%	5.9%
Graduate or professional degree	4.2%	1.6%

Commute to work

How workers get to work (share)

	Irving	Panama
Drove alone	93.0%	73.4%
Carpooled	4.1%	23.4%
Public transit	1.2%	0.0%
Walked	0.0%	0.8%
Bicycle	0.0%	0.0%
Worked from home	1.7%	2.4%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Irving	Panama
1-unit, detached	84.0%	84.1%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.0%	0.0%
5 to 19 units	6.1%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	9.8%	15.9%

Poverty & households

	Irving	Panama
Poverty rate	22.1%	9.5%
Average household size	2.64	2.19
Mean commute (minutes)	31	35
Median year structure built	1952	1946