City profile · New York · Census ACS 2023

Panama, NY

Population, income, housing, safety, climate and schools for Panama - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

476
Residents
$57,250
Median income
$96,600
Median home
$975
Median rent (state)

Panama - the verdict

Out of every US city with 1,000+ residents, Panama places in the 31st percentile for household income. Source: Census ACS.

31st
percentile, household income
8th
percentile, home value
18th
percentile, median rent
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Panama, NY

Panama is a small town in New York, home to 476 residents per U.S. Census Bureau ACS 2023 estimates. Panama households earn a median of $57,250 annually, below the median for U.S. cities on this measure, with a poverty rate of 3.6%. Typical homes in Panama are valued around $96,600, and the median resident age is 48.8 years. About 19.4% of adults hold a bachelor's degree or higher, while 54.2% of working-age residents are in the labor force.

In 2024, 0 residential building permits were authorized in Panama (No Permits), per Census BPS data.

New York carries a cost-of-living premium: BEA Regional Price Parities 2024 puts New York at 107.9 on a 100-equals-national-average scale (Above Average). HUD Fair Market Rent for a typical two-bedroom in this state is $975 per month. Statewide, average monthly utility bills in New York run around $285, per EIA 2023 residential energy data. Natural-hazard exposure scores 84.6 out of 100 on FEMA's National Risk Index (High).

Population

476 residents

Census ACS 2023 - New York

Median Household Income

$57,250 /yr

Poverty 3.6%

Cost of Living Index (state)

107.9 (US=100)

Above Average - BEA RPP 2024, New York average

How does Panama compare to other US cities?

Panama measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.

Household income 31% higher than other cities
Home value 8% pricier than other cities
Median rent 18% pricier than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

How we calculate these percentiles & ranks

Each percentile compares Panama against every qualifying US city; each in-state rank narrows that to New York only. Full formula and direction notes: methodology.

New York-relative analysis

Median Gross Rent places Panama near the bottom of New York's cities

Among the 1,256 New York cities PlainCities tracks with reported median gross rent data, Panama ranks #1,192 - the 3rd percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Panama only against its own state's cities, not the full US field.

Median Household Income
#980 of 1,205
19th percentile in New York
Median Gross Rent
#1,192 of 1,256
3rd percentile in New York
Median Home Value
#1,119 of 1,202
7th percentile in New York
Poverty Rate
#705 of 1,246
43rd percentile in New York
Bachelor's Degree or Higher
#1,018 of 1,254
18th percentile in New York

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within New York only, not a livability score. See the methodology for the source and calculation.

31stIncome percentile

31st percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.

How Panama's home value compares nationally

Median home value vs. every US city (population 1,000+)

$96,600 Among the most affordable more affordable than 92% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). This entry sits in this band. $100,000–$125,000: 1,516 US cities (10%). Above this entry. $125,000–$150,000: 1,170 US cities (8%). Above this entry. $150,000–$175,000: 1,278 US cities (8%). Above this entry. $175,000–$200,000: 1,229 US cities (8%). Above this entry. $200,000–$225,000: 1,035 US cities (7%). Above this entry. $225,000–$250,000: 976 US cities (6%). Above this entry. $250,000–$275,000: 754 US cities (5%). Above this entry. $275,000–$300,000: 712 US cities (5%). Above this entry. $300,000–$325,000: 521 US cities (3%). Above this entry. $325,000–$350,000: 526 US cities (3%). Above this entry. $350,000–$375,000: 465 US cities (3%). Above this entry. $375,000–$400,000: 393 US cities (3%). Above this entry. $400,000–$425,000: 317 US cities (2%). Above this entry. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Panama $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Panama, NY Panama, NY's reported median household income shown against the U.S. national quintile-share pattern (not Panama, NY-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Panama, NY median $57,250/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Panama, NY's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Panama, NY. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 19.4%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 3.6%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 54.2%

Census ACS S2301, share of working-age residents in the labor force

Population
476
Median Income
$57,250
Median Home Value
$96,600
Median Age
48.8
Poverty Rate
3.6%
Labor force participation
54.2%
Bachelor's Degree+
19.4%

Schools

Total Schools
2
Public schools in this city

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
445 residents450 residents455 residents460 residents465 residents 202020212022202320242025 463 residents 449 residents ▼ -3.0%
Panama's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

Total Permits (2024)
0
housing units authorized
Single-Family
0
detached homes
Multifamily
0
apartments & condos

5-Year Permit Trend (2019–2024)

Year Total
2019 0
2020 0
2021 0
2022 0
2023 0
2024 0

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
81.5%
Carpool
13.0%
Public Transit
0.0%
Walk
0.5%
Work from Home
4.2%
Other
0.8%

Based on 216 workers 16 and over.

Monthly Utility Costs

State-average estimates for New York - EIA 2023 residential energy data

Electricity
$130
avg/month
Natural Gas
$90
avg/month
Water & Sewer
$65
avg/month
Total Utilities
$285
estimated/month

Estimates reflect New York state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a New York state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Panama sits in

Cost of Living Index
107.9
Above Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$975/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
84.6 / 100
High
FEMA NRI composite score (county)

Similar Cities in New York

Ghent
478 people
Lyons Falls
478 people
Fort Ann
473 people
Rhinecliff
479 people
East Frankfort
480 people
Narrowsburg
480 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Panama's 476 residents (Census ACS 5-Year 2023).

Crawfordsville, AR
476 people
Sopchoppy, FL
476 people
Sigel, IL
476 people
Kismet, KS
476 people
Plum Springs, KY
476 people
Racine, MN
476 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Panama's $57,250 (Census ACS 5-Year 2023, table B19013).

Ava, IL
$57,250 median income
Mulberry Grove, IL
$57,250 median income
Kirklin, IN
$57,250 median income
Adair, IA
$57,250 median income
Melvern, KS
$57,250 median income
Stony Point, MI
$57,250 median income

Race & Ethnicity Composition

Race and ethnicity - Panama, NY Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Panama, NY - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 98.5% ETHNICITY, Hispanic or Latino (any race) 1.1% White 98.5% Black or African American 0.0% Asian 0.4% American Indian 0.2% Native Hawaiian 0.0% Some other race 0.0% Two or more races 0.8% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Panama compares to nearby New York cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Panama (this city) 476 $57,250
Ghent 478 $84,650
Lyons Falls 478 $58,906
Fort Ann 473 $93,750
Census ACS 5-year FIPS NY NCES CCD Census BPS 2024 OMB Bulletin 23-01

What do people ask about Panama, NY?

What is the population of Panama, NY? +

The population of Panama, NY stands at 476 according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Panama, NY? +

The median household income in Panama is $57,250 per year, based on Census ACS 2023 data.

What is the cost of living in Panama? +

BEA does not publish a city-level cost-of-living figure for Panama; the closest available measure is the New York state average, a cost of living index of 107.9 (U.S. average = 100), rated "Above Average" based on BEA Regional Price Parities 2024 data. Costs within New York vary by metro area.

What is the median home value in Panama, NY? +

The median home value in Panama is $96,600, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.