Panama, Illinois
Panama: Village in Illinois
About
Panama is a village located in the county of Montgomery in the U.S. state of Illinois. Its population at the 2010 census was 343 and a population density of 953 people per km². After 10 years in 2020 city had an estimated population of 310 inhabitants.
The village was created 119 years ago in 1905.
Quick Facts about Panama
| Population : | 310 (2020) |
| Country : | United States of America |
| State : | Illinois (United States) |
| County : | Montgomery County |
| Area : | 0.36 km2 |
| Altitude : | 1,939 feet / 591 meters |
| Establishment : | January 01, 1906 (119 years ago) |
| Time Zone : | America/Chicago |
| Local time : | 08:09:04 (5th December 2025) |
| Postal code : | 62077 |
| Density : | 861 Pop. per km² as of 2020 |
| Population growth : | -10.65% (2010-2020) |
Geography
Panama is located at 39°1'46"N 89°31'27"W (39.0294900, -89.5242500).
Panama map
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Demographics
According to census records, the population of Panama decreased by 10.65% in 10 years.
| Year | Population | % Change | Method |
| 2010 | 343 | - | census |
| 2011 | 341 | -0.59% | estimation process |
| 2012 | 340 | -0.29% | estimation process |
| 2013 | 338 | -0.59% | estimation process |
| 2014 | 334 | -1.2% | estimation process |
| 2015 | 331 | -0.91% | estimation process |
| 2016 | 326 | -1.53% | estimation process |
| 2017 | 323 | -0.93% | estimation process |
| 2018 | 322 | -0.31% | estimation process |
| 2019 | 319 | -0.94% | estimation process |
| 2020 | 310 | -2.9% | estimation process |
Demographic Facts
| Estimated population as of July 1, 2019 : | 51,063 |
| Based on demographic estimates as of April 1, 2010 : | 36,867 |
| Based on demographic estimates as of 1 April 2010 : | 38.5% |
| April 1, 2020 Population : | 53,036 |
| April 1, 2010 Population : | 36,877 |
| People under 5 years old, percentage : | 7.8% |
| People under 18 years old, percentage : | 29.5% |
| People over 65 (%) : | 13.5% |
| Female persons, % : | 51.6% |
| White only, percent : | 64.9% |
| Black or African American alone, percent : | 9.1% |
| American Indian and Alaska Native only, % : | 1.2% |
| Asians alone % : | 8.8% |
| Only Native Hawaiians and Other Pacific Islanders, % : | 0.1% |
| % of people who have participated in two or more races : | 4.3% |
| % of Hispanic or Latino : | 46.5% |
| White people, not Hispanic or Latino people, make up the majority of the population. : | 33.6% |
| 2015-2019 Veterans : | 2,351 |
| Percentage of foreign-born people, 2015-2019 : | 18.3% |
| Rate of owner-occupied housing units, 2015-2019 : | 77.2% |
Panama zip code is 62077.
County name: Montgomery, County
fips: 17135
Economic Facts
| Rate of owner-occupied housing units, 2015-2019 : | 77.2% |
| Owner-occupied housing unit median value, 2015-2019 : | $320,500 |
| From 2015 to 2019, the median selected monthly owner costs - with a mortgage : | $2,028 |
| Monthly owner costs, without a mortgage, at the median, 2015-2019 : | $635 |
| 2015-2019 median gross rent : | $1,320 |
| 2015-2019 Households : | 13,886 |
| Population per household, 2015-2019 : | 3.38 |
| Living in the same house a year ago, percentage of people aged one year and up, 2015-2019 : | 86.9% |
| Languages other than English spoken at home, as a percentage of people aged 5 and up, 2015-2019 : | 34.3% |
| Households with computers, %, 2015-2019 : | 95.9% |
| Percentage of households with a broadband Internet subscription, 2015-2019 : | 88.9% |
| Percentage of people aged 25 and up with a high school diploma or higher, 2015-2019 : | 87.5% |
| Bachelor's degree or higher, proportion of people aged 25 and up, 2015-2019 : | 26.1% |
| Percentage of people under the age of 65 who have a disability, 2015-2019 : | 6.2% |
| Persons under the age of 65 who do not have health insurance, as a percentage : | 6.2% |
| Total civilian labor force, percent of population aged 16 and up, 2015-2019 : | 61.3% |
| Female labor force participation in the civilian labor force, as a percentage of the population aged 16 and up, 2015-2019 : | 55.7% |
| Total sales of lodging and food services in 2012 ($1,000) : | 33,140 |
| Total receipts/revenue for health care and social assistance in 2012 ($1,000) : | 66,889 |
| Manufacturers' total shipments in 2012 ($1,000) : | 102,255 |
| 2012 total retail sales ($1,000) : | 348,804 |
| 2012 total retail sales per capita : | $8,841 |
| Mean commute time to work (in minutes), workers aged 16 and up, 2015-2019 : | 34.4 |
| 2015-2019 median household income (in 2019 dollars) : | $84,105 |
| Income per capita in the previous 12 months (in 2019 dollars), 2015-2019 : | $28,883 |
| Percentage of people living in poverty : | 10.5% |
| Total number of businesses in 2012 : | 2,703 |
| Men-owned businesses in 2012 : | 1,204 |
| Women-owned businesses in 2012 : | 1,306 |
| Minority-owned businesses in 2012 : | 1,243 |
| Non-minority-owned businesses in 2012 : | 1,343 |
| Veteran-owned businesses in 2012 : | 117 |
| Nonveteran-owned businesses in 2012 : | 2,475 |
| 2010 population per square mile : | 1,193.0 |
| 2010 land area in square miles : | 30.91 |
Schools in Panama
College & universities near Panama, IL
| Code | Name | City | ZIP |
|---|---|---|---|
| 145372 | Greenville University | Greenville (IL) | 62246 |
Stations (10)
Amtrak & bus stations near Panama, IL
| Code | Name | Address | Type |
|---|---|---|---|
| CRV | Carlinville | 128 Alton Rd. | RAIL |
| ALN | Alton | 3400 College Ave. | RAIL |
| CEN | Centralia station | 108 East Broadway | RAIL |
| STL | Gateway Transportation Center | 551 South 16th St. | RAIL |
| EFG | Effingham | 401 West National Ave. | RAIL |
Other places with the same name (2)
- Republic of Panama Independent country in Central America with a population of 4,098,587 people.
- Panamá , Panamá capital of Panama with a population of 880,691 people.
Other cities in Montgomery County
Cities, towns, neighborhoods & other populated places in Montgomery County , IL. (more)
| City Name | Population | Title |
|---|---|---|
| Litchfield | 6,609 | City in Illinois, United States |
| Hillsboro | 5,909 | City in Illinois, United States |
| Nokomis | 2,077 | City in Illinois, United States |
| Raymond | 927 | Town in Illinois |
| White Oak | 899 | Township in McLean County, Illinois |
| Witt | 833 | City in Montgomery County, Illinois, United States |
| Farmersville | 662 | Human settlement in Illinois, United States of America |
| Taylor Springs | 650 | Human settlement in Illinois, United States of America |
| Coffeen | 634 | City in Montgomery County, Illinois, United States of America |
| Schram City | 542 | Human settlement in Illinois, United States of America |
| Irving | 463 | Village in Illinois, USA |
| Zanesville | 417 | Township in Montgomery County, Illinois |
| Fillmore | 305 | Village in the United States |
| Coalton | 282 | Human settlement in Illinois, United States of America |
| Waggoner | 247 | Human settlement in Illinois, United States of America |
| Harvel | 210 | Township in Montgomery County, Illinois |
