Elk Horn vs Panama

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

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

Elk Horn has the higher population (623 vs 283 in Panama). Panama has the higher median household income ($61,250 vs $60,000 in Elk Horn). Elk Horn has the higher median home value ($125,300 vs $121,600 in Panama).

Population, income & housing

	Elk Horn	Panama
Population	623	283
Median age	46.3 yrs	36.8 yrs
Median household income	$60,000	$61,250
Median home value	$125,300	$121,600
Median gross rent	$643	$939
Housing units	286	136
Homeownership rate	83.7%	76.6%
Bachelor's degree or higher	24.3%	12.6%
Unemployment rate	4.4%	0.0%

Trends (ACS 5-year, 2019–2023)

	Elk Horn	Panama
Population	536 → 623 (+16.2%)	204 → 283 (+38.7%)
Median household income	$57,500 → $60,000 (+4.3%)	$62,000 → $61,250 (-1.2%)
Median home value	$103,100 → $125,300 (+21.5%)	$88,900 → $121,600 (+36.8%)
Median gross rent	$534 → $643 (+20.4%)	—

Elk Horn

Population

536623

Median household income

$57,500$60,000

Median home value

$103,100$125,300

Median gross rent

$534$643

Panama

Population

204283

Median household income

$62,000$61,250

Median home value

$88,900$121,600

Age & race/ethnicity

Age distribution (share)

	Elk Horn	Panama
Under 5	4.7%	2.8%
5 to 17	16.4%	27.2%
18 to 24	9.0%	5.7%
25 to 34	7.5%	10.2%
35 to 44	11.2%	16.6%
45 to 54	9.1%	19.8%
55 to 64	12.2%	7.1%
65 to 74	9.5%	5.3%
75 and over	20.4%	5.3%

Race & ethnicity (share)

	Elk Horn	Panama
White (non-Hispanic)	93.6%	89.0%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	1.4%	0.7%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	1.9%	1.8%
Two or more races	1.6%	0.7%
Hispanic or Latino	1.4%	7.8%

Educational attainment (age 25+)

Share of adults 25+

	Elk Horn	Panama
No high school diploma	6.4%	2.7%
High school graduate	42.9%	25.8%
Some college or associate's	26.4%	58.8%
Bachelor's degree	17.2%	9.3%
Graduate or professional degree	7.1%	3.3%

Commute to work

How workers get to work (share)

	Elk Horn	Panama
Drove alone	75.1%	78.9%
Carpooled	0.8%	0.6%
Public transit	0.8%	0.0%
Walked	10.3%	12.6%
Bicycle	0.0%	0.0%
Worked from home	13.0%	8.0%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Elk Horn	Panama
1-unit, detached	87.8%	89.0%
1-unit, attached	4.5%	0.0%
2 to 4 units	7.7%	11.0%
5 to 19 units	0.0%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Elk Horn	Panama
Poverty rate	15.0%	4.3%
Average household size	2.22	2.28
Mean commute (minutes)	24	13
Median year structure built	1938	1951