City profile · Oklahoma · Census ACS 2023

Panama, OK

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.

1,432
Residents
$45,489
Median income
$121,100
Median home
$937
Median rent (state)

Panama - the verdict

Panama ranks in the 13th percentile for household income nationally, out of every US city with at least 1,000 residents. Source: Census ACS.

13th
percentile, household income
18th
percentile, home value
9th
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, OK

Panama is a small town in Oklahoma, home to 1,432 residents per U.S. Census Bureau ACS 2023 estimates. Median household income here is $45,489 per year, in the lower quartile of U.S. cities for household income, with a poverty rate of 20.5%. Home values in Panama run a median of $121,100, and the median resident age is 30.5 years. 7.4% of adults here have a bachelor's degree or higher; 52.1% of working-age residents are in the labor force.

The city is served by 3 public schools according to NCES Common Core of Data.

Living costs in Oklahoma run below the national norm: BEA Regional Price Parities 2024 puts Oklahoma at 87.8 on a 100-equals-national-average scale (Well Below Average). A typical two-bedroom carries a HUD Fair Market Rent of $937 per month statewide. EIA 2023 residential energy data puts Oklahoma's average monthly utility costs around $205 (state average). Natural-hazard exposure scores 82.7 out of 100 on FEMA's National Risk Index (High).

Population

1,432 residents

Census ACS 2023 - Oklahoma

Median Household Income

$45,489 /yr

Poverty 20.5%

Cost of Living Index (state)

87.8 (US=100)

Well Below Average - BEA RPP 2024, Oklahoma average

How does Panama compare to other US cities?

Where Panama sits among all US cities (population 1,000+) on each measure, computed live from Census and FBI data.

Household income 13% higher than other cities
Home value 18% pricier than other cities
Median rent 9% 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

For each metric we count every US city with population 1,000+ and a non-null value, then compute what share of them fall below Panama's value: round(cities-below ÷ total × 100). Safety is inverted (percentile = share of cities with a higher crime rate) so a higher number always means safer. The in-state rank narrows that same crime-rate comparison to only the cities PlainCities tracks in Oklahoma, breaking ties alphabetically. See the methodology page for the full source-to-figure lineage.

13thIncome percentile

13th 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+)

$121,100 Among the most affordable more affordable than 82% 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%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). This entry sits in this band. $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, OK Panama, OK's reported median household income shown against the U.S. national quintile-share pattern (not Panama, OK-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, OK median $45,489/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, OK'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, OK. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 7.4%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 20.5%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 52.1%

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

Population
1,432
Median Income
$45,489
Median Home Value
$121,100
Median Age
30.5
Poverty Rate
20.5%
Labor force participation
52.1%
Bachelor's Degree+
7.4%

Schools

Total Schools
3
Public schools in this city

Population Change

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

See the fastest-growing cities →
1,260 residents1,280 residents1,300 residents1,320 residents 202020212022202320242025 1,268 residents 1,314 residents ▲ +3.6%
Panama's Census PEP population estimates, 2020–2025.

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
82.2%
Carpool
6.4%
Public Transit
0.0%
Walk
1.5%
Work from Home
9.4%

Based on 534 workers 16 and over.

Monthly Utility Costs

State-average estimates for Oklahoma - EIA 2023 residential energy data

Electricity
$115
avg/month
Natural Gas
$50
avg/month
Water & Sewer
$40
avg/month
Total Utilities
$205
estimated/month

Estimates reflect Oklahoma 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 Oklahoma 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
87.8
Well Below Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$937/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
82.7 / 100
High
FEMA NRI composite score (county)

Similar Cities in Oklahoma

Kenwood
1,431 people
Luther
1,443 people
Locust Grove
1,445 people
Cleora
1,449 people
Latta
1,413 people
Copeland
1,405 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Panama's 1,432 residents (Census ACS 5-Year 2023).

Georgiana, AL
1,432 people
Lily Lake, IL
1,432 people
Banks Springs, LA
1,432 people
Colon, MI
1,432 people
El Rancho, NM
1,432 people
Westwood CDP (Chester County), PA
1,432 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Panama's $45,489 (Census ACS 5-Year 2023, table B19013).

Schall Circle, FL
$45,489 median income
Cross Plains, TX
$45,489 median income
Hickory Ridge, AR
$45,500 median income
Avon, IL
$45,500 median income
Clarissa, MN
$45,500 median income
Humboldt, NE
$45,500 median income

Race & Ethnicity Composition

Race and ethnicity - Panama, OK 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, OK - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 64.3% 14.6% 20.3% ETHNICITY, Hispanic or Latino (any race) 4.1% White 64.3% Black or African American 0.2% Asian 0.6% American Indian 14.6% Native Hawaiian 0.0% Some other race 0.0% Two or more races 20.3% 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 Oklahoma 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) 1,432 $45,489
Kenwood 1,431 $65,714
Luther 1,443 $57,500
Locust Grove 1,445 $44,853
Census ACS 5-year FIPS OK NCES CCD OMB Bulletin 23-01

What do people ask about Panama, OK?

What is the population of Panama, OK? +

Panama, OK has a population of 1,432 according to U.S. Census Bureau ACS 2023 estimates.

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

The median household income in Panama is $45,489 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 Oklahoma state average, a cost of living index of 87.8 (U.S. average = 100), rated "Well Below Average" based on BEA Regional Price Parities 2024 data. Costs within Oklahoma vary by metro area.

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

A typical home in Panama is worth $121,100, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, NCES CCD, 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 Editorial

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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.