Panama, Iowa

Quick Statistics

Panama is a community in Shelby County, Iowa, home to about 245 people spread across 0.3 square miles of land. The median personal income here is $48,125 a year, and a typical home is worth about $142,200. About 43.8% of adults hold a college degree, and 94.4% of residents under 65 have health insurance.

See how Panama has changed over the past 15 years »

245
Total Population
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0.29 sq. mi.
Total Land Area
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$48,125
Median Personal Income
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$142,200
Median Home Value
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43.8%
College Educated
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94.4%
Have Health Insurance
▲ up 4.4 points since 2010
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Among the Iowa towns GeoStat tracks, Panama ranks number 661 of 1,017 in population, number 560 in median household income, number 377 in median home value. See how it stacks up on the trends page or compare it with another town.

Summers around Panama typically top out near 86°F in July, while January nights average about 10°F. The area sees roughly 31 inches of snow a year. Full normals are on the climate page.

Towns Near Panama
# Town Distance Population
1.Westphalia, IA4.2 mi.117
2.Earling, IA4.5 mi.478
3.Portsmouth, IA5.7 mi.204
4.Tennant, IA9.3 mi.84
5.Harlan, IA9.3 mi.4,891
6.Defiance, IA9.8 mi.251
7.Kirkman, IA10.7 mi.58
8.Dunlap, IA10.9 mi.1,170
Frequently Asked Questions About Panama

What is the population of Panama, Iowa?
Panama has a population of about 245 people, according to the latest Census Bureau estimates.

What county is Panama, Iowa in?
Panama is located in Shelby County, Iowa.

What is the median home value in Panama, Iowa?
The median home value in Panama is about $142,200, based on American Community Survey data.

What is the median income in Panama, Iowa?
The median personal income in Panama is about $48,125 per year.

How many tornadoes have hit near Panama, Iowa?
Since 1950, 31 tornadoes have been recorded in Shelby County. See the tornado page for maps and details of each one.

What is the weather like in Panama, Iowa?
Typical July highs run about 86 degrees and January lows about 10 degrees, with around 31 inches of snow a year. Figures are 30-year NOAA climate normals.

Use the menu on the left to find more detailed statistics on Panama, Iowa.