Panama

Population: 223
Median household income: $89,583
Median home value: $196,000

Panama is a community in Lancaster County, Nebraska, home to 223 residents. Its median household income of $89,583 runs above the Lancaster County figure of $72,625.

Between 2019 and 2023, Panama's population declined 5.5% from 236 to 223, while its median home value rose 27.4% from $153,800 to $196,000.

White (non-Hispanic) residents are the largest group, 87.9% of the population. 75.0% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 223
Median age: 51.8 yrs
Median household income: $89,583
Median home value: $196,000
Median gross rent: $1,250
Housing units: 108
Homeownership rate: 88.5%
Bachelor's degree or higher: 15.0%
Unemployment rate: 4.3%

Trends

ACS 5-year · 2019–2023

Population

236223

Median household income

$83,750$89,583

Median home value

$153,800$196,000

Median gross rent

$683$1,250

Year	Population	Median household income	Median home value	Median gross rent
2019	236	$83,750	$153,800	$683
2020	248	$85,625	$146,200	$725
2021	254	$79,904	$162,500	$763
2022	253	$87,404	$190,000	$950
2023	223	$89,583	$196,000	$1,250

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

Age distribution

Under 511.7%

5 to 179.9%

18 to 246.7%

25 to 342.7%

35 to 4414.3%

45 to 549.4%

55 to 6421.5%

65 to 7417.0%

75 and over6.7%

	Count	Share
Under 5	26	11.7%
5 to 17	22	9.9%
18 to 24	15	6.7%
25 to 34	6	2.7%
35 to 44	32	14.3%
45 to 54	21	9.4%
55 to 64	48	21.5%
65 to 74	38	17.0%
75 and over	15	6.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	196	87.9%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	25	11.2%
Hispanic or Latino (any race)	2	0.9%

Educational attainment (age 25+)

No high school diploma7.5%

High school graduate34.4%

Some college or associate's43.1%

Bachelor's degree7.5%

Graduate or professional degree7.5%

	Count	Share
No high school diploma	12	7.5%
High school graduate	55	34.4%
Some college or associate's	69	43.1%
Bachelor's degree	12	7.5%
Graduate or professional degree	12	7.5%

Commute to work

Mean travel time to work: 33 min

Drove alone75.0%

Carpooled10.6%

Public transit0.0%

Walked0.8%

Bicycle0.0%

Worked from home13.6%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	99	75.0%
Carpooled	14	10.6%
Public transit	0	0.0%
Walked	1	0.8%
Bicycle	0	0.0%
Worked from home	18	13.6%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	16	14.0%
15 to 29 min	18	15.8%
30 to 44 min	56	49.1%
45 to 59 min	18	15.8%
60+ min	6	5.3%

Households

Average household size: 2.32
Poverty rate: 3.6% (8 of 222)

	Count	Share
Family households	68	70.8%
Nonfamily households	28	29.2%

Housing

Median year structure built: 1963

Occupancy

	Count	Share
Occupied	96	88.9%
Vacant	12	11.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	85	88.5%
Renter-occupied	11	11.5%

1-unit, detached96.3%

1-unit, attached0.0%

2 to 4 units0.9%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other2.8%

Units in structure

	Count	Share
1-unit, detached	104	96.3%
1-unit, attached	0	0.0%
2 to 4 units	1	0.9%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	3	2.8%

Geography

Place GEOID: 3138225
Type (LSAD): 47
Land area: 0.28 sq mi
Water area: 0 sq mi
Center point: 40.5998, -96.5112