Panama, NY Profile: Facts, Map & Data


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Panama, New York - Basic Facts

The Village of Panama had a population of 489 as of July 1, 2016. Panama ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Panama is located at latitude 42.0686 and longitude -79.4872 in Chautauqua County. The formal boundaries for the Village of Panama (see map below) encompass a land area of 2.2 sq. miles and a water area of 0.01 sq. miles. Chautauqua County is in the Eastern time zone (GMT -5). The elevation is 1,552 feet.

The Village of Panama (GNIS ID: 2391051) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Panama is located within Town of Harmony, a minor civil division (MCD) of Chautauqua County.

Beneath the boundary map are tables with Panama population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2016.

Neighborhood Data

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Village of Panama, NY Boundary Map

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Boundary Maps: Town of Harmony | Chautauqua County | New York Counties

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Panama, NY Data & Demographics (As of July 1, 2016)


Total Population 489
Population in Households 489
Population in Familes 420
Population in Group Qrtrs 0
Population Density1 222
Diversity Index2 6


Total Households 202
Average Household Size 2.42
Family Households 148
Average Family Size 3


Total Housing Units 210 (100%)
Owner Occupied HU 164 (78.1%)
Renter Occupied HU 38 (18.1%)
Vacant Housing Units 8 ( 3.8%)
Median Home Value $90,094
Average Home Value $106,288


Median Household Income $46,261
Average Household Income $58,358
Per Capita Income $23,000
  (Compound Annual Growth Rates)


2010-2015 2015-2020
Population 0.33% -0.16%
Households 0.57% 0.0%
Families 1.6% 0.0%
Median Household Income   2.63%
Per Capita Income   2.33%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Panama, NY - Peer Comparisons by Rank and Percentile

The table below compares Panama to the other 1,196 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2016 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1032 14th
Population Density1 # 1119 7th
Diversity Index2 # 1160 3rd
Median Household Income # 928 22nd
Per Capita Income # 987 18th

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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