Panama, IL Demographics

A map of Panama's Population by Race

Race	2024 Pop	2020 Pop	2024 %	2020 %
White	310	314	73.8%	93.2%
Multiracial	60	8	14.3%	2.4%
Hispanic	42	7	10.0%	2.1%
Native American/Other	8	6	1.9%	1.8%
Black	0	0	0.0%	0.0%
Asian	0	2	0.0%	0.6%

Panama, Illinois has an estimated population of 420, a large increase from the 337 recorded in the 2020 Census. The population is 73.8% White, 14.3% Multiracial, 10.0% Hispanic, 1.9% Native American/Other, 0.0% Black, and 0.0% Asian. This demographic dot map shows the population of Panama, with one dot drawn for each person counted by the Census, color-coded by race.

Panama has become considerably more racially diverse since the 2020 Census. It is considerably less diverse than Illinois overall. Demographers use a diversity index to measure the probability that two randomly selected individuals belong to different racial or ethnic groups. In Panama, that probability was 13.1% in 2020 and 42.4% in the most recent ACS estimates.

Panama is ranked the 989th most populous place in Illinois, out of 1,461 places. This ranking is based on the Census definition of a place, which includes incorporated places like cities, towns, and villages, as well as unincorporated census-designated places (CDPs). Panama was ranked the 1039th most populous place in the 2020 Census.

Panama's White Population

310 residents of Panama, or 73.8% of the population, identify as White. The share of White residents in Panama is significantly higher than in Illinois overall, where 58.1% of the population is White. Panama ranks 449th statewide in terms of White residents as a share of the population, out of 1,461 places.

Since the 2020 Census, Panama's White population has declined by an estimated 1.3%. White residents' share of Panama's population has decreased from 93.2% to 73.8%.

Panama is more White than neighboring Old Ripley (68.8% White). Panama is less White than neighboring Donnellson (82.9% White), Sorento (85% White), Walshville (100% White), and Taylor Springs (96.4% White).

Panama's Black Population

0 residents of Panama, or 0.0% of the population, identify as Black. The share of Black residents in Panama is considerably lower than in Illinois overall, where 13.3% of the population is Black. Panama ranks 1104th statewide in terms of Black residents as a share of the population, out of 1,461 places.

Since the 2020 Census, Panama's Black population has grown from 0 to an estimated 0. Black residents' share of Panama's population has remained roughly unchanged at 0.0%.

Panama is less Black than neighboring Donnellson (8.5% Black), and Sorento (1.5% Black).

Panama's Asian Population

0 residents of Panama, or 0.0% of the population, identify as Asian. The share of Asian residents in Panama is lower than in Illinois overall, where 5.9% of the population is Asian. Panama ranks 568th statewide in terms of Asian residents as a share of the population, out of 1,461 places.

Since the 2020 Census, Panama's Asian population has declined by an estimated 100.0%. Asian residents' share of Panama's population has decreased from 0.6% to 0.0%.

Panama's Hispanic Population

42 residents of Panama, or 10.0% of the population, identify as Hispanic. The share of Hispanic residents in Panama is lower than in Illinois overall, where 18.8% of the population is Hispanic. Panama ranks 935th statewide in terms of Hispanic residents as a share of the population, out of 1,461 places.

Since the 2020 Census, Panama's Hispanic population has grown by an estimated 500.0%. Hispanic residents' share of Panama's population has increased from 2.1% to 10.0%.

Panama is more Hispanic than neighboring Donnellson (0% Hispanic), Sorento (4.7% Hispanic), Walshville (0% Hispanic), Taylor Springs (3.6% Hispanic), and Old Ripley (0% Hispanic).

Panama's Native American/Other Population

8 residents of Panama, or 1.9% of the population, identify as American Indian/Alaska Native/Native Hawaiian/Pacific Islander/Other. The share of Native American/Other residents in Panama is comparable to the share in Illinois overall, where 0.5% of the population is Native American/Other. Panama ranks 34th statewide in terms of Native American/Other residents as a share of the population, out of 1,461 places.

Since the 2020 Census, Panama's Native American/Other population has grown by an estimated 33.3%. Native American/Other residents' share of Panama's population has remained roughly unchanged at 1.9%.

Panama is more Native American/Other than neighboring Donnellson (0% Native American/Other), Sorento (0% Native American/Other), Walshville (0% Native American/Other), Taylor Springs (0% Native American/Other), and Old Ripley (0% Native American/Other).

Panama's Multiracial Population

60 residents of Panama, or 14.3% of the population, identify as Multiracial. The share of Multiracial residents in Panama is considerably higher than in Illinois overall, where 3.4% of the population is Multiracial. Panama ranks 1149th statewide in terms of Multiracial residents as a share of the population, out of 1,461 places.

Since the 2020 Census, Panama's Multiracial population has grown by an estimated 650.0%. Multiracial residents' share of Panama's population has increased from 2.4% to 14.3%.

Panama is more Multiracial than neighboring Donnellson (8.5% Multiracial), Sorento (8.9% Multiracial), Walshville (0% Multiracial), and Taylor Springs (0% Multiracial). Panama is less Multiracial than neighboring Old Ripley (31.2% Multiracial).

Sources: Most recent population estimates are from the 2020-2024 American Community Survey 5-Year Estimates. 2020 population counts and map data are from 2020 Census State Redistricting Data. Geographic data are from Census TIGER/Line Shapefiles.