Panola, IL
Population 32 · Illinois
About Panola, IL
Panola is a small community in Illinois with a population of 32 residents. The median household income is $78,750 per year, which is above the national average. The median age in Panola is 53.5 years.
Housing in Panola has a median home value of $123,200 and median monthly rent of $0. Of the 21 total housing units, the majority are owner-occupied, with 17 owner-occupied and 0 renter-occupied units.
The unemployment rate in Panola is 0.0% and the poverty rate is 0.0%. 36.0% of residents hold a bachelor's degree or higher. The average commute time is 31 minutes.
Cost of Living in Panola, IL
Compared to national averages, Panola has a median household income of $78,750 (5% above the national median of $75,149). Home values average $123,200, which is 50% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Panola's income is 5% above the state average of $75,072, and home values are 26% below the state median of $165,779.
Why Live in Panola, IL?
Panola offers a strong local economy with a median household income of $78,750, well above the national average, and affordable housing with a median home value of $123,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 36.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Panola has a population of 32 with a median age of 53.5 years. Compare Panola with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Panola
Cities in Illinois with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Panola With Other Cities
Frequently Asked Questions about Panola
What is the population of Panola, IL?
The population of Panola, IL is 32 according to the latest Census data.
What is the median household income in Panola?
The median household income in Panola, IL is $78,750 per year.
What is the median home value in Panola?
The median home value in Panola, IL is $123,200.
What is the average rent in Panola?
The median monthly rent in Panola, IL is $0.
What is the unemployment rate in Panola?
The unemployment rate in Panola, IL is 0.0%.