Income/capita 41%
Household income 25%
Unemployment 19%
Income per capita$17,691$31,502$29,829
Median household income$41,250$59,196$55,322
Median income owner occupied$53,750$75,354$70,586
Median income renter occupied$30,833$34,488$35,192
Median earnings male$38,500$40,474$36,919
Median earnings female$17,500$27,197$26,250
Unemployment rate3.8%5.3%4.7%
Poverty level18.1%14.0%15.1%

Key findings

  • The income per capita in Panama is 41% lower than the national average
  • The median household income in Panama is 25% lower than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Panama is 19% lower than the national average
  • The poverty level in Panama is 20% higher than the national average

Best Places for Employment in and Around Panama

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Compare Panama, IL Employment

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      am i middle class

      $Input your household income
      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.

      Panama median earnings by income bracket

      Panama employment by industry

      Labour TypeMaleFemale
      Construction industry23.4%0.0%
      Manufacturing sector29.8%0.0%
      Financial & insurance services0.0%6.8%
      Wholesale & retail services6.4%15.9%
      Public administration10.6%4.5%
      Transportation, warehousing & utilities10.6%0.0%
      Education, health & social services0.0%65.9%

      Nearby cities with high median household income

      City, StatePopulationHousehold IncomeNational Avg.
      Grantfork, IL360$71,71930%
      Alhambra, IL523$55,2500%
      Smithboro, IL171$52,9174%
      Mount Olive, IL1,980$51,5637%
      White City, IL219$50,6258%
      Panama, IL287$41,25025%

      Cities with similar population

      City, StatePopulationHousehold IncomeNational Avg.
      Lula, MS287$22,50059%
      Yale, IA287$44,37520%
      Lebanon, OK287$33,90639%
      Spring Mill, KY287$81,87548%
      Landess, IN287$0100%
      Panama, IL287$41,25025%
      Source: The Panama, IL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).