Panola village, Illinois Demographics & Population 2026

Population Overview

Panola village is a small community located in Illinois. The total population is 32. It ranks as the 1422nd most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Panola village is 53.5 years. This is 38% higher than the state median of 38.9 years. Only 12.5% of residents are under 18, indicating fewer families with children. 12.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Panola village is $78,750. This is 4% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is about average. The poverty rate stands at 0.0%. This is 100% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 5.8%. The median home value is $123,200. Housing costs are 51% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.6x, Panola village is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 50% higher than the state average of 66.8%.

Race & Ethnicity

Panola village has a predominantly White (non-Hispanic) population, comprising 100.0% of all residents. The White (non-Hispanic) population is significantly higher than the state average (100.0% vs 58.8%).

Education

36.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 3% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 100.0%.

Data Sources & Methodology

All demographic data for Panola village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.