Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Pana, Illinois is a smaller city with a population of 5,521 people. According to the most recent Census, 97% of Pana residents are White, 1% Black and 1% Asian. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Pana your home, your one-way commute time will typically last around 25 minutes, a duration that aligns with the national average commute time of 26 minutes.
Living in Pana can be a fulfilling experience for anyone moving to the city. Having said that, in the state of Illinois, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Pana and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, commute, health & safety, education, you will see a detailed breakdown of the most important information as well as comparisons to the Illinois and national averages.
With a livability score of 62/100, Pana is ranked #15,289 in the United States and #794 in Illinois. There are nine total categories that form the livability score. Pana scores well for housing (A+) On a less positive note, Pana does not have favorable ranks for the following: amenities (F) and education (F). If we take a look at the data, we can find out why.
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Pana is 20.79% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Pana a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
Crime rates can be the deciding factor for anyone looking to relocate to a new area, as the result is often a greater level of safety and security as well as an improved quality of life. Pana gets top scores for their low violent crime rates of 60 crimes per 100,000 residents, which are significantly lower than the national average.
The Pana unemployment rate of 0.9% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Pana has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Pana is real estate affordability. Median real estate prices in Pana come in at $131,416, which is 57.4% lower than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Pana, the home price to income ratio is 1.9, which is 45.7% lower than the Illinois average.
| Statistic | Pana | Illinois | National |
| Average one way commute | 25min | 29min | 26min |
| Workers who drive to work | 86.2% | 73.4% | 76.4% |
| Workers who carpool | 8.3% | 8.3% | 9.3% |
| Workers who take public transit | 0.2% | 9.2% | 5.1% |
| Workers who bicycle | 0.4% | 0.6% | 0.6% |
| Workers who walk | 1.9% | 3.1% | 2.8% |
| Working from home | 3.0% | 4.4% | 4.6% |
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