Panama employment information

IndexPanamaIowaNational
Income per capita$33,967$28,872$29,829
Median household income$65,000$54,570$55,322
Median income owner occupied$69,250$66,527$70,586
Median income renter occupied$50,208$30,828$35,192
Median earnings male$50,000$37,409$36,919
Median earnings female$31,250$25,115$26,250
Unemployment rate1.2%3.1%4.7%
Poverty level7.0%12.3%15.1%
The Panama, IA employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Panama is $33,967, which is 18% higher than than the Iowa average and 14% higher than than the national average. The median household income is $65,000, which is 19% higher than than the Iowa average and 17% higher than than the national average. The unemployment rate in Panama is 1%, which is 73% lower than than the national average. The poverty rate in Panama is 7% which is 53% lower than than the national average.

am i middle class

$Input your household income
$43,329$65,000$130,000
City
$36,376$54,570$109,140
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Panama is 14% higher than the national average.
  • The median household income in Panama is 17% higher than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Panama is 73% lower than the national average.
  • The poverty level in Panama is 53% lower than the national average.

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Compare Panama, IA Employment To Other Cities

Employment status

Hours worked per week

Panama median earnings by income bracket

Panama employment by industry

Labour TypeMaleFemale
Construction industry5.5%0.0%
Manufacturing sector20.0%8.2%
Financial & insurance services0.0%4.9%
Wholesale & retail services5.5%3.3%
Public administration1.8%0.0%
Transportation, warehousing & utilities45.5%37.7%
Education, health & social services5.5%39.3%
Other14.5%9.8%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Persia, IA257$57,8135%
Tennant, IA73$51,8756%
Earling, IA443$50,4179%
Woodbine, IA1,645$48,40912%
Portsmouth, IA162$47,85713%
Panama, IA201$65,00017%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Beaver Valley, AZ201$0100%
Acequia, ID201$46,66716%
Toccopola, MS201$30,31345%
Denton, MT201$40,00028%
Springfield, WI201$24,69855%
Panama, IA201$65,00017%
Source: The Panama, IA employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).