Panama vs Sherman

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

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

Sherman has the higher population (639 vs 476 in Panama). Panama has the higher median household income ($57,250 vs $48,958 in Sherman). Sherman has the higher median home value ($107,400 vs $96,600 in Panama).

Population, income & housing

	Panama	Sherman
Population	476	639
Median age	48.8 yrs	40.4 yrs
Median household income	$57,250	$48,958
Median home value	$96,600	$107,400
Median gross rent	$742	$543
Housing units	228	277
Homeownership rate	63.6%	66.3%
Bachelor's degree or higher	19.4%	15.9%
Unemployment rate	1.8%	2.7%

Trends (ACS 5-year, 2019–2023)

	Panama	Sherman
Population	426 → 476 (+11.7%)	685 → 639 (-6.7%)
Median household income	$44,000 → $57,250 (+30.1%)	$39,423 → $48,958 (+24.2%)
Median home value	$82,900 → $96,600 (+16.5%)	$71,800 → $107,400 (+49.6%)
Median gross rent	$613 → $742 (+21.0%)	$513 → $543 (+5.8%)

Panama

Population

426476

Median household income

$44,000$57,250

Median home value

$82,900$96,600

Median gross rent

$613$742

Sherman

Population

685639

Median household income

$39,423$48,958

Median home value

$71,800$107,400

Median gross rent

$513$543

Age & race/ethnicity

Age distribution (share)

	Panama	Sherman
Under 5	3.4%	11.3%
5 to 17	13.4%	16.4%
18 to 24	8.6%	3.6%
25 to 34	10.9%	11.7%
35 to 44	9.2%	8.9%
45 to 54	13.0%	7.5%
55 to 64	14.5%	17.5%
65 to 74	12.6%	9.1%
75 and over	14.3%	13.9%

Race & ethnicity (share)

	Panama	Sherman
White (non-Hispanic)	97.5%	87.6%
Black or African American	0.0%	0.6%
American Indian & Alaska Native	0.2%	0.0%
Asian	0.4%	1.3%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	2.2%
Two or more races	0.8%	7.8%
Hispanic or Latino	1.1%	0.5%

Educational attainment (age 25+)

Share of adults 25+

	Panama	Sherman
No high school diploma	9.0%	5.9%
High school graduate	43.9%	35.5%
Some college or associate's	27.6%	42.6%
Bachelor's degree	8.5%	8.0%
Graduate or professional degree	11.0%	8.0%

Commute to work

How workers get to work (share)

	Panama	Sherman
Drove alone	81.5%	69.4%
Carpooled	13.0%	9.0%
Public transit	0.0%	0.0%
Walked	0.5%	11.8%
Bicycle	0.0%	0.0%
Worked from home	4.2%	5.7%
Other means	0.9%	4.1%

Housing

Units in structure (share)

	Panama	Sherman
1-unit, detached	57.9%	80.9%
1-unit, attached	0.0%	0.0%
2 to 4 units	32.5%	9.7%
5 to 19 units	0.0%	5.8%
20 or more units	0.0%	1.4%
Mobile home & other	9.6%	2.2%

Poverty & households

	Panama	Sherman
Poverty rate	10.9%	17.2%
Average household size	2.31	2.54
Mean commute (minutes)	24	20
Median year structure built	1953	1938