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.
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.
|Population in Households||489|
|Population in Familes||420|
|Population in Group Qrtrs||0|
|Average Household Size||2.42|
|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)|
|Median Household Income||2.63%|
|Per Capita Income||2.33%|
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.
|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.