Oklahoma · Census place 56900
Panama town, OK
Quick answer
Panama town has 1,432 residents, ranking #183 of 846 places in Oklahoma. Median household income is $45,489, the median home is worth $121,100 and median gross rent runs $833 a month.
- Population
- 1,432Panama town residents
- Median household income
- $45,489Past 12 months, inflation adjusted
- Median home value
- $121,100Owner-occupied units
- Median gross rent
- $833Rent plus utilities, monthly
- Median age
- 30.5 yrsAll residents
- Homeownership rate
- 65.5%Owner-occupied households
What the numbers mean in Panama town
Housing cost measured against local earnings.
A household earning the Panama town median would spend about 22% 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 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 30.3% of residents and 65.5% 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 Oklahoma.
- Cleora CDP 1,449
- Locust Grove town 1,445
- Luther town 1,443
- Kenwood CDP 1,431
- Latta CDP 1,413
- Copeland CDP 1,405
- Dickson town 1,379
Keep going
More Oklahoma coverage.