Panama, IL Employment - Median Household Income, Unemployment Rate

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C-

10%

Income/capita NAT. AVG.

0%

Household income NAT. AVG.

30%

Unemployment NAT. AVG.

Index	Panama	Illinois	National
Income per capita	$26,720	$31,502	$29,829
Median household income	$55,114	$59,196	$55,322
Median income owner occupied	$56,364	$75,354	$70,586
Median income renter occupied	$0	$34,488	$35,192
Median earnings male	$35,500	$40,474	$36,919
Median earnings female	$25,781	$27,197	$26,250
Unemployment rate	3.3%	5.3%	4.7%
Poverty level	10.4%	14.0%	15.1%

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Key findings

The income per capita in Panama is 10% lower than the national average
The median household income in Panama is equal to the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Panama is 30% lower than the national average
The poverty level in Panama is 31% lower than the national average

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am i middle class

$36,738 $55,114 $110,228

City

$39,460 $59,196 $118,392

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.

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Panama median earnings by income bracket

Panama employment by industry

Labour Type	Male	Female
Construction industry	17.4%	17.4%
Manufacturing sector	10.9%	10.9%
Financial & insurance services	4.3%	4.3%
Wholesale & retail services	26.1%	26.1%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	4.3%	4.3%
Education, health & social services	17.4%	17.4%
Other	17.4%	17.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Grantfork, IL	475	$85,313	54.2%
Old Ripley, IL	79	$69,167	25.0%
Hillsboro, IL	6,177	$61,293	10.8%
Livingston, IL	789	$56,500	2.1%
White City, IL	197	$54,063	2.3%
Panama, IL	221	$55,114	0.4%

Cities with similar population

City	Population	Household Income	National Avg.
Newbern, AL	221	$36,250	34.5%
Widener, AR	221	$31,250	43.5%
Jeddito, AZ	221	$23,250	58.0%
Conroy, IA	221	$58,438	5.6%
Moorhead, IA	221	$33,000	40.3%
Panama, IL	221	$55,114	0.4%

Source: The Panama, IL employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).