Panama is located in Illinois. Panama, Illinois has a population of 293. Panama is more family-centric than the surrounding county with 27% households with children. The county percentage for households with children is 26%.
The median household income in Panama, Illinois is $59,218. The median household income for the surrounding county is $60,447 compared to the national median of $66,222. The median age of people living in Panama is 39.4 years.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 21.1 degrees. The annual precipitation is 40.18.