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ZipNumbers

New York · Census place 56231

Panama village, NY

Quick answer

Panama village has 476 residents, ranking #1075 of 1292 places in New York. Median household income is $57,250, the median home is worth $96,600 and median gross rent runs $742 a month.

Population
476Panama village residents
Median household income
$57,250Past 12 months, inflation adjusted
Median home value
$96,600Owner-occupied units
Median gross rent
$742Rent plus utilities, monthly
Median age
48.8 yrsAll residents
Homeownership rate
63.6%Owner-occupied households

What the numbers mean in Panama village

Housing cost measured against local earnings.

A household earning the Panama village median would spend about 15.6% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.9% of residents and 63.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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