Panama, NY Employment - Median Household Income, Unemployment Rate

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C-

21%

Income/capita NAT. AVG.

17%

Household income NAT. AVG.

74%

Unemployment NAT. AVG.

Index	Panama	New York	National
Income per capita	$23,551	$34,212	$29,829
Median household income	$45,938	$60,741	$55,322
Median income owner occupied	$55,417	$83,277	$70,586
Median income renter occupied	$28,750	$38,983	$35,192
Median earnings male	$38,750	$40,464	$36,919
Median earnings female	$21,000	$30,906	$26,250
Unemployment rate	1.2%	4.8%	4.7%
Poverty level	7.3%	15.5%	15.1%

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Key findings

The income per capita in Panama is 21% lower than the national average
The median household income in Panama is 17% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Panama is 74% lower than the national average
The poverty level in Panama is 51% lower than the national average

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am i middle class

$30,622 $45,938 $91,876

City

$40,489 $60,741 $121,482

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	21.2%	21.2%
Manufacturing sector	26.9%	26.9%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	1.9%	1.9%
Public administration	7.7%	7.7%
Transportation, warehousing & utilities	4.8%	4.8%
Education, health & social services	13.5%	13.5%
Other	24.0%	24.0%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Mayville, NY	1,436	$66,691	20.6%
Jamestown West, NY	2,421	$65,076	17.6%
Sugar Grove, PA	629	$62,969	13.8%
Busti, NY	223	$61,888	11.9%
Bear Lake, PA	230	$60,547	9.4%
Panama, NY	409	$45,938	17.0%

Cities with similar population

City	Population	Household Income	National Avg.
Sulphur Springs, IN	409	$37,813	31.6%
Sturgeon Lake, MN	409	$67,083	21.3%
Lewiston Woodville, NC	409	$36,613	33.8%
West Wildwood, NJ	409	$51,750	6.5%
Green Lane, PA	409	$46,875	15.3%
Panama, NY	409	$45,938	17.0%

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