Panama, OK has a population of 1,241 and is the 13,839th largest city in the United States. The population density is 785 per sq mi which is 1337% higher than the Oklahoma average and 766% higher than the national average. The median age in Panama is 39 which is approximately 7% higher than the Oklahoma average of 36. In Panama, 61% of the population over 15 years of age are married, 98% speak English and 2% speak Spanish. 55% of Panama residents were born in Oklahoma, 43% were born out of state, 0% were born outside of the United States and 2% were foreign born.