Panama, NE Profile: Facts, Map & Data

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Panama, Nebraska - Basic Facts

The Village of Panama had a population of 249 as of July 1, 2017. Panama ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Nebraska. See peer rankings below.

The primary coordinate point for Panama is located at latitude 40.5998 and longitude -96.5112 in Lancaster County. The formal boundaries for the Village of Panama (see map below) encompass a land area of 0.28 sq. miles and a water area of 0 sq. miles. Lancaster County is in the Central time zone (GMT -6). The elevation is 1,394 feet.

The Village of Panama (GNIS ID: 2399618) 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 Panama Election Precinct, a minor civil division (MCD) of Lancaster 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, 2017.


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Village of Panama, NE Boundary Map



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Boundary Maps: Panama Election Precinct | Lancaster County | Nebraska Counties

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Panama, NE Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 249
Daytime Population: Workers 28
Daytime Population: Residents 118
Total Daytime Population (TDP) 146
Ratio TDP/Total Population1 0.59
Population in Households 249
Population in Familes 225
Population in Group Qrtrs 0
Population Density2 878
Diversity Index3 7
 

INCOME

Median Household Income $87,260
Average Household Income $101,604
Per Capita Income $35,102

HOUSING

Total Housing Units 93 (100%)
Owner Occupied HU 79 (84.9%)
Renter Occupied HU 12 (12.9%)
Vacant Housing Units 2 ( 2.2%)
Median Home Value $194,167
Average Home Value $264,935
 

HOUSEHOLDS

Total Households 91
Average Household Size 2.74
Family Households 73
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood 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.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.38% 2.3%
Households 0.15% 2.31%
Families 1.4% 2.35%
Median Household Income   2.19%
Per Capita Income   2.61%

Panama, NE - Peer Comparisons by Rank and Percentile

The table below compares Panama to the other 580 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2017 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 # 314 46th
Population Density # 275 53rd
Diversity Index # 466 20th
Median Household Income # 12 98th
Per Capita Income # 44 93rd

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

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