Panama, NE
Population 223 · Nebraska
About Panama, NE
Panama is a small community in Nebraska with a population of 223 residents. The median household income is $89,583 per year, which is above the national average. The median age in Panama is 51.8 years.
Housing in Panama has a median home value of $196,000 and median monthly rent of $1,250. Of the 108 total housing units, the majority are owner-occupied, with 85 owner-occupied and 11 renter-occupied units.
The unemployment rate in Panama is 4.3% and the poverty rate is 3.6%. 15.0% of residents hold a bachelor's degree or higher. The average commute time is 33.4 minutes.
How Panama Ranks in Nebraska
Cost of Living in Panama, NE
Compared to national averages, Panama has a median household income of $89,583 (19% above the national median of $75,149). Home values average $196,000, which is 20% below the national median. Monthly rent at $1,250 is 7% above the US average of $1,163. Within Nebraska, Panama's income is 36% above the state average of $65,895, and home values are 56% above the state median of $125,824.
Why Live in Panama, NE?
Panama offers a strong local economy with a median household income of $89,583, well above the national average, and affordable housing with a median home value of $196,000, below the US average of $244,900, and a low poverty rate of 3.6%, better than the national average.
Panama has a population of 223 with a median age of 51.8 years. Compare Panama with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Panama
What is the population of Panama, NE?
The population of Panama, NE is 223 according to the latest Census data.
What is the median household income in Panama?
The median household income in Panama, NE is $89,583 per year.
What is the median home value in Panama?
The median home value in Panama, NE is $196,000.
What is the average rent in Panama?
The median monthly rent in Panama, NE is $1,250.
What is the unemployment rate in Panama?
The unemployment rate in Panama, NE is 4.3%.