The Village of Panama had a population of 485 as of July 1, 2019. 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 42.0751 and longitude -79.4831 in Chautauqua County. The formal boundaries for the Village of Panama 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.
HOUSING AFFORDABILITY INDEX
|Panama, NY Housing Affordability Index is 277
State of New York Housing Affordability Index is 85
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Panama, NY Wealth Index is 54
State of New York Wealth Index is 109
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New York address.
|Population in Households||485|
|Population in Familes||416|
|Population in Group Qrtrs||0|
|Median Household Income||$52,602|
|Average Household Income||$62,616|
|Per Capita Income||$24,433|
|Total Housing Units||219 (100%)|
|Owner Occupied HU||159 (72.6%)|
|Renter Occupied HU||38 (17.4%)|
|Vacant Housing Units||22 (10.0%)|
|Median Home Value||$97,881|
|Housing Affordability Index2||277|
|Average Household Size||2.46|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.44%|
|Per Capita Income||2.23%|
The table below compares Panama to the other 1,195 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2019 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||# 1030||14th|
|Population Density||# 1117||7th|
|Diversity Index||# 1151||4th|
|Median Household Income||# 869||27th|
|Per Capita Income||# 975||18th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.