Panama, OK Profile: Facts, Map & Data

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Panama, Oklahoma - Basic Facts

The Town of Panama had a population of 1,520 as of July 1, 2017. Panama ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Oklahoma. See peer rankings below.

The primary coordinate point for Panama is located at latitude 35.1713 and longitude -94.6709 in Le Flore County. The formal boundaries for the Town of Panama (see map below) encompass a land area of 1.58 sq. miles and a water area of 0.01 sq. miles. Le Flore County is in the Central time zone (GMT -6). The elevation is 453 feet.

The Town of Panama (GNIS ID: 2413104) 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.

Oklahoma is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Panama is located within Panama-Bokoshe Division of Le Flore 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.


Neighborhood Data

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Town of Panama, OK Boundary Map



Also See: BIG Map | Driving Directions | OK Congressional Districts
Boundary Maps: Panama-Bokoshe Division | Le Flore County | Oklahoma Counties

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

POPULATION

Total Population 1,520
Daytime Population: Workers 456
Daytime Population: Residents 1,008
Total Daytime Population (TDP) 1,464
Ratio TDP/Total Population1 0.96
Population in Households 1,520
Population in Familes 1,274
Population in Group Qrtrs 0
Population Density2 961
Diversity Index3 43
 

INCOME

Median Household Income $31,970
Average Household Income $46,246
Per Capita Income $17,720

HOUSING

Total Housing Units 688 (100%)
Owner Occupied HU 448 (65.1%)
Renter Occupied HU 161 (23.4%)
Vacant Housing Units 79 (11.5%)
Median Home Value $62,667
Average Home Value $81,390
 

HOUSEHOLDS

Total Households 609
Average Household Size 2.5
Family Households 433
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 1.01% 1.09%
Households 0.99% 1.03%
Families 2.19% 1.0%
Median Household Income   2.78%
Per Capita Income   2.68%

Panama, OK - Peer Comparisons by Rank and Percentile

The table below compares Panama to the other 731 incorporated cities, towns and CDPs in Oklahoma 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 # 176 76th
Population Density # 175 76th
Diversity Index # 478 35th
Median Household Income # 673 8th
Per Capita Income # 663 9th

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

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