Panama

Population: 283
Median household income: $61,250
Median home value: $121,600

Panama, a community in Shelby County, Iowa, has 283 residents. Its median household income of $61,250 runs below the Shelby County figure of $67,690.

From 2019 to 2023, Panama's population grew 38.7% from 204 to 283, while its median home value rose 36.8% from $88,900 to $121,600.

4.3% of residents live below the poverty line. Households average 2.28 people.

Demographics

ACS 2019–2023

Population: 283
Median age: 36.8 yrs
Median household income: $61,250
Median home value: $121,600
Median gross rent: $939
Housing units: 136
Homeownership rate: 76.6%
Bachelor's degree or higher: 12.6%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

204283

Median household income

$62,000$61,250

Median home value

$88,900$121,600

Year	Population	Median household income	Median home value	Median gross rent
2019	204	$62,000	$88,900	—
2020	272	$70,625	$91,700	—
2021	265	$78,750	$104,200	—
2022	247	$69,250	$118,800	—
2023	283	$61,250	$121,600	$939

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.8%

5 to 1727.2%

18 to 245.7%

25 to 3410.2%

35 to 4416.6%

45 to 5419.8%

55 to 647.1%

65 to 745.3%

75 and over5.3%

	Count	Share
Under 5	8	2.8%
5 to 17	77	27.2%
18 to 24	16	5.7%
25 to 34	29	10.2%
35 to 44	47	16.6%
45 to 54	56	19.8%
55 to 64	20	7.1%
65 to 74	15	5.3%
75 and over	15	5.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	252	89.0%
Black or African American	0	0.0%
American Indian & Alaska Native	2	0.7%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	5	1.8%
Two or more races	2	0.7%
Hispanic or Latino (any race)	22	7.8%

Educational attainment (age 25+)

No high school diploma2.7%

High school graduate25.8%

Some college or associate's58.8%

Bachelor's degree9.3%

Graduate or professional degree3.3%

	Count	Share
No high school diploma	5	2.7%
High school graduate	47	25.8%
Some college or associate's	107	58.8%
Bachelor's degree	17	9.3%
Graduate or professional degree	6	3.3%

Commute to work

Mean travel time to work: 13 min

Drove alone78.9%

Carpooled0.6%

Public transit0.0%

Walked12.6%

Bicycle0.0%

Worked from home8.0%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	138	78.9%
Carpooled	1	0.6%
Public transit	0	0.0%
Walked	22	12.6%
Bicycle	0	0.0%
Worked from home	14	8.0%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	113	70.2%
15 to 29 min	27	16.8%
30 to 44 min	12	7.5%
45 to 59 min	4	2.5%
60+ min	5	3.1%

Households

Average household size: 2.28
Poverty rate: 4.3% (12 of 282)

	Count	Share
Family households	65	52.4%
Nonfamily households	59	47.6%

Housing

Median year structure built: 1951

Occupancy

	Count	Share
Occupied	124	91.2%
Vacant	12	8.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	95	76.6%
Renter-occupied	29	23.4%

1-unit, detached89.0%

1-unit, attached0.0%

2 to 4 units11.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	121	89.0%
1-unit, attached	0	0.0%
2 to 4 units	15	11.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1961275
Type (LSAD): 25
Land area: 0.29 sq mi
Water area: 0 sq mi
Center point: 41.7262, -95.4754