Panama

County:: Chautauqua County
County Seat:: No
Area (mi²):: 2.209
State:: New York

Panama is a village located in Chautauqua County, New York. Panama has a 2025 population of 448. Panama is currently declining at a rate of -0.67% annually and its population has decreased by -3.66% since the most recent census, which recorded a population of 465 in 2020.

The average household income in Panama is $66,019 with a poverty rate of 10.92%.The median age in Panama is 48.8 years: 46.3 years for males, and 50.7 years for females.

Demographics

The racial composition of Panama includes 98.53% White, and smaller percentages for Two or more races, Asian, Native American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	469	98.53%
Two or more races	4	0.84%
Asian	2	0.42%
Native American	1	0.21%

Panama Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Panama's average per capita income is $42,143. Household income levels show a median of $57,250. The poverty rate stands at 10.92%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$67,917	-
Families	$62,000	$77,786
Households	$57,250	$66,019
Non Families	-	$38,871

$42,143

Average Income

$57,250

Median Household Income

10.92%

Poverty Rate