Panama

Population: 476
Median household income: $57,250
Median home value: $96,600

Panama is a community in Chautauqua County, New York, home to 476 residents. At $57,250, its median household income sits in line with Chautauqua County's $56,507.

Between 2019 and 2023, Panama's population grew 11.7% from 426 to 476, while its median home value rose 16.5% from $82,900 to $96,600.

57.9% of homes are single-family detached houses. The typical home was built around 1953.

Demographics

ACS 2019–2023

Population: 476
Median age: 48.8 yrs
Median household income: $57,250
Median home value: $96,600
Median gross rent: $742
Housing units: 228
Homeownership rate: 63.6%
Bachelor's degree or higher: 19.4%
Unemployment rate: 1.8%

Trends

ACS 5-year · 2019–2023

Population

426476

Median household income

$44,000$57,250

Median home value

$82,900$96,600

Median gross rent

$613$742

Year	Population	Median household income	Median home value	Median gross rent
2019	426	$44,000	$82,900	$613
2020	409	$45,938	$79,500	$628
2021	439	$53,125	$83,900	$658
2022	484	$53,889	$93,500	$743
2023	476	$57,250	$96,600	$742

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

Age distribution

Under 53.4%

5 to 1713.4%

18 to 248.6%

25 to 3410.9%

35 to 449.2%

45 to 5413.0%

55 to 6414.5%

65 to 7412.6%

75 and over14.3%

	Count	Share
Under 5	16	3.4%
5 to 17	64	13.4%
18 to 24	41	8.6%
25 to 34	52	10.9%
35 to 44	44	9.2%
45 to 54	62	13.0%
55 to 64	69	14.5%
65 to 74	60	12.6%
75 and over	68	14.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	464	97.5%
Black or African American	0	0.0%
American Indian & Alaska Native	1	0.2%
Asian	2	0.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	4	0.8%
Hispanic or Latino (any race)	5	1.1%

Educational attainment (age 25+)

No high school diploma9.0%

High school graduate43.9%

Some college or associate's27.6%

Bachelor's degree8.5%

Graduate or professional degree11.0%

	Count	Share
No high school diploma	32	9.0%
High school graduate	156	43.9%
Some college or associate's	98	27.6%
Bachelor's degree	30	8.5%
Graduate or professional degree	39	11.0%

Commute to work

Mean travel time to work: 24 min

Drove alone81.5%

Carpooled13.0%

Public transit0.0%

Walked0.5%

Bicycle0.0%

Worked from home4.2%

Other means0.9%

How workers get to work

	Count	Share
Drove alone	176	81.5%
Carpooled	28	13.0%
Public transit	0	0.0%
Walked	1	0.5%
Bicycle	0	0.0%
Worked from home	9	4.2%
Other means	2	0.9%

Travel time

	Count	Share
Under 15 min	53	25.6%
15 to 29 min	93	44.9%
30 to 44 min	44	21.3%
45 to 59 min	6	2.9%
60+ min	11	5.3%

Households

Average household size: 2.31
Poverty rate: 10.9% (52 of 476)

	Count	Share
Family households	140	68.0%
Nonfamily households	66	32.0%

Housing

Median year structure built: 1953

Occupancy

	Count	Share
Occupied	206	90.4%
Vacant	22	9.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	131	63.6%
Renter-occupied	75	36.4%

1-unit, detached57.9%

1-unit, attached0.0%

2 to 4 units32.5%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other9.6%

Units in structure

	Count	Share
1-unit, detached	132	57.9%
1-unit, attached	0	0.0%
2 to 4 units	74	32.5%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	22	9.6%

Geography

Place GEOID: 3656231
Type (LSAD): 47
Land area: 2.21 sq mi
Water area: 0.01 sq mi
Center point: 42.0686, -79.4872