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Panama, NY

Comprehensive demographics, housing data, local amenities, and economic statistics for Panama.

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Community Insights

Affordable Market
$134k median home
lower cost than 80% of the country
Leading Industries
Wholesale Trade · Transportation · Finance & Insurance
17% wholesale trade
Home Value Growth⬆⬆
+13.5% over 2 years
Young Adults
23% of residents
Homeowners
85% of occupied units

People & Demographics

Total Population465
Households—
Under 18
19.0%
Age 18–34
23.0%
Age 35–64
39.0%
Age 65+
20.0%
Veterans
4.0%
Active Duty
0.0%

Housing & Living

Median Home Value$134,200
Median Gross Rent$784/mo
Owner Occupied
84.5%
Renter Occupied
15.5%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$60,167
Poverty Rate—

Key Industries

Healthcare8.0%
Professional Services1.0%
Manufacturing0.0%
Retail14.0%
Education1.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities39 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
13.0%
Master's or Higher
7.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Panama?›

The total population of Panama is approximately 465. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Panama walkable and transit-friendly?›

Based on local geographic data, Panama has an amenity and walkability score of 39/100 and a transit score of 28/100. This indicates the area is mostly car-dependent for daily errands and commuting.

Do more people rent or own homes in Panama?›

The housing market in Panama is predominantly driven by homeowners, with 85% of housing units being owner-occupied and 15% being renter-occupied.

What is the education level of residents in Panama?›

In Panama, approximately 13% of adult residents hold a bachelor's degree or higher. Additionally, 7% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.