Independent community site, not affiliated with any government.
PA

Panama, Illinois

Village in Montgomery County, Illinois · ZIP 62077

  • Montgomery County
  • Within Grisham Township
  • Census data · ACS 2019-2023
  • 321 (2024 estimate)Population
  • 149Households
  • $60,096Median household income
  • $60,800Median home value
  • 1ZIP codes

About Panama

This page shows only what has been published about Panama: Census facts with their sources first, then its businesses, jobs, events, people in public roles, housing and questions as they are added. Nothing here is written by the town government.

Town intelligenceOfficial sources, refreshed yearly

Population, 2000 to 2020+4.3%
3203303403502000: 32320002010: 34320102020: 3372020323337
Population of Panama at each census
CensusPopulation
2000323
2010343
2020337

As counted at each census, within the boundaries the area had then; the current estimate is in the glance card.

Sources: Census 2000 Summary File 1: total population, place level, state 17, retrieved November 14, 2026; Census 2010 Summary File 1: total population, place level, state 17, retrieved November 14, 2026; Census 2020 Redistricting Data (P.L. 94-171): total population, place level, state 17, retrieved November 14, 2026.

Household income in Panama
Under $50k32.2%
$50k to $100k56.3%
$100k to $150k11.4%
$150k to $200k0%
$200k and over0%

Median household income $60,096 · Share of households by income, American Community Survey 5-year 2019-2023, table S1901.

Source: American Community Survey 5-year subject table S1901 (household income) 2019–2023, place level, state 17, retrieved November 14, 2026.

Housing tenure in Panama
Owner occupied
128 units
Renter occupied
21 units
Vacancy rate
9.1%

Occupied housing units by tenure and the share of all units vacant, American Community Survey 5-year 2019-2023, table DP04.

Source: American Community Survey 5-year data profile 2019–2023, place level, state 17, retrieved November 14, 2026.

Panama compared with its county and state
Panama compared with its county and state, American Community Survey 2019-2023
MeasurePanamaMontgomery CountyIllinois
Population32728,07812,692,653
Median household income$60,096$61,863$81,702
Median age48.542.638.9
Median home value$60,800$102,200$250,500
Bachelor’s degree or higher7.5%18.2%37.2%
Foreign-born residents0.3%1.0%14.4%
Owner-occupied homes85.9%76.3%66.8%
Mean commute to work34.8 minutes23.9 minutes28.1 minutes

Source: American Community Survey 5-year data profile 2019–2023, place level, state 17, retrieved November 14, 2026.

CommunityRules and moderation

Log in to post in Panama.
Latest in PanamaEvery post is checked before neighbours see it.

Loading…

Events in PanamaAll events

Coming up in PanamaAll events

No upcoming event is listed in Panama yet. Members and businesses add events from the Events page; each is screened before it shows.

Schools

No public school is listed for Panama: either the NCES directory for Illinois is not loaded yet, or no school's address falls inside Panama’s boundary. Schools in neighbouring towns are on their pages.

Frequently asked about PanamaPromoted from questions people asked

No question about Panama has been asked often enough to publish an answer yet. Ask Panama and the answer, once a person checks it, appears here.

Nearby towns

Other towns in Montgomery County

All towns in Montgomery County