Also See: Local Area Photos
The Village of Panama had a population of 340 as of July 1, 2017. Panama ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.
The primary coordinate point for Panama is located at latitude 39.0293 and longitude -89.5244 in Bond County. The formal boundaries for the Village of Panama (see map below) encompass a land area of 0.36 sq. miles and a water area of 0 sq. miles. Bond County is in the Central time zone (GMT -6). The elevation is 594 feet.
While the primary coordinates for Village of Panama are located in Bond County, it should be noted that the formal boundaries for this community also extend into and Montgomery County.
The Village of Panama (GNIS ID: ) has a P1 Census Class Code which indicates populated place that is also an incorporated place with the same name and the same census code. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Beneath the boundary map are tables with Panama population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.
|Daytime Population: Workers||11|
|Daytime Population: Residents||267|
|Total Daytime Population (TDP)||278|
|Ratio TDP/Total Population1||0.82|
|Population in Households||220|
|Population in Familes||180|
|Population in Group Qrtrs||120|
|Median Household Income||$49,543|
|Average Household Income||$60,258|
|Per Capita Income||$17,995|
|Total Housing Units||177 (100%)|
|Owner Occupied HU||130 (73.4%)|
|Renter Occupied HU||28 (15.8%)|
|Vacant Housing Units||19 (10.7%)|
|Median Home Value||$78,846|
|Average Home Value||$104,724|
|Average Household Size||1.39|
|Average Family Size||2|
GROWTH RATE / YEAR
|Median Household Income||2.47%|
|Per Capita Income||2.64%|
The table below compares Panama to the other 1,368 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 1052||23rd|
|Population Density||# 783||43rd|
|Diversity Index||# 285||79th|
|Median Household Income||# 862||37th|
|Per Capita Income||# 1319||4th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.