Income/capita NAT. AVG.
Household income NAT. AVG.
Unemployment NAT. AVG.
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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 rate3.3%5.3%4.7%
Poverty level10.4%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

      Input your household income
      $36,738 $55,114 $110,228
      $39,460 $59,196 $118,392
      $36,877 $55,322 $110,644
      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 industry17.4%17.4%
      Manufacturing sector10.9%10.9%
      Financial & insurance services4.3%4.3%
      Wholesale & retail services26.1%26.1%
      Public administration0.0%0.0%
      Transportation, warehousing & utilities4.3%4.3%
      Education, health & social services17.4%17.4%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Grantfork, IL475$85,31354.2%
      Old Ripley, IL79$69,16725.0%
      Hillsboro, IL6,177$61,29310.8%
      Livingston, IL789$56,5002.1%
      White City, IL197$54,0632.3%
      Panama, IL221$55,1140.4%

      Cities with similar population

      City Population Household Income National Avg.
      Newbern, AL221$36,25034.5%
      Widener, AR221$31,25043.5%
      Jeddito, AZ221$23,25058.0%
      Conroy, IA221$58,4385.6%
      Moorhead, IA221$33,00040.3%
      Panama, IL221$55,1140.4%
      Source: The Panama, IL employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).