Iowa · Census place 61275
Panama city, IA
Quick answer
Panama city has 283 residents, ranking #621 of 1026 places in Iowa. Median household income is $61,250, the median home is worth $121,600 and median gross rent runs $939 a month.
- Population
- 283Panama city residents
- Median household income
- $61,250Past 12 months, inflation adjusted
- Median home value
- $121,600Owner-occupied units
- Median gross rent
- $939Rent plus utilities, monthly
- Median age
- 36.8 yrsAll residents
- Homeownership rate
- 76.6%Owner-occupied households
What the numbers mean in Panama city
Housing cost measured against local earnings.
A household earning the Panama city median would spend about 18.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.3% of residents and 76.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Iowa.
- Rose Hill city 286
- Rhodes city 285
- Diamondhead Lake CDP 283
- Barnum city 279
- Thor city 276
- Cleghorn city 274
- Stout city 274
Keep going
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