Panama, Montgomery County, 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 116 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 (116 years ago)
Time Zone : America/Chicago
Local time : 23:25:01 (3rd December 2022)
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

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

Post offices near Panama

Post Office Name City ZIP
Panama Post Office Panama (IL) 62077

Other places with the same name (2)

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