Panama town, Oklahoma Demographics & Population 2026
As of 2026, Panama town, Oklahoma has a total population of 1,432, the 183rd largest city in Oklahoma, with a median household income of $45,489, which is 28% lower than the state average. The poverty rate is 30.3%.
Key Takeaways
- More than 1 in 4 residents live below the poverty line (30.3%), well above the national average of 12.4%.
- Only 7.4% of adults have a bachelor's degree, well below the national average of 35.0%.
Panama town Quick Facts
How Panama town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 55 | National average: 60
Education
Educational Attainment (Adults 25+)
Panama town Rankings in Oklahoma
Explore Oklahoma Rankings
Cities Similar to Panama town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Locust Grove town | 1,445 | $44,853 | $103,500 | 12.5% | 21.1% |
| Snyder city | 1,353 | $42,083 | $109,600 | 19.2% | 18.4% |
| Copeland CDP | 1,405 | $53,571 | $122,500 | 14.8% | 18.9% |
| Hooker city | 1,553 | $47,461 | $143,500 | 33.8% | 13.2% |
| Luther town | 1,443 | $57,500 | $205,600 | 37.4% | 4.6% |
Population Overview
Panama town is a small community located in Oklahoma. The total population is 1,432. It ranks as the 183rd most populous out of 834 cities and towns in Oklahoma.
Age Demographics
The median age in Panama town is 30.5 years. This is 17% lower than the state median of 36.9 years. With 30.1% of the population under 18, Panama town has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Panama town is $45,489. This is 28% lower than the state median of $63,603. Compared to the national median of $78,538, household income here is 42% lower. The poverty rate stands at 30.3%. This is 98% higher than the state poverty rate of 15.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.3%. This is 9% higher than the state rate of 4.9%. The median home value is $121,100. Housing costs are 35% lower than the state median of $185,900. With a home-value-to-income ratio of just 2.7x, Panama town is one of the most affordable housing markets in the area. 65.5% of occupied housing units are owner-occupied.
Race & Ethnicity
The largest racial or ethnic group in Panama town is White (non-Hispanic), making up 63.7% of the population. Hispanic or Latino residents account for 4.1%. The Black or African American population (0.2%) is well below the state average of 6.9%. The Hispanic or Latino population (4.1%) is well below the state average of 12.3%. The Asian population (0.6%) is well below the state average of 2.3%.
Education
7.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 73% lower than the state rate of 27.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.9%.
Data Sources & Methodology
All demographic data for Panama town, Oklahoma 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 Oklahoma state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 834 Census-designated places in Oklahoma. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Panama town, Oklahoma?
Panama town, Oklahoma has a population of 1,432 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Panama town, OK?
The median household income in Panama town is $45,489, which is 42% lower the national median of $78,538.
What is the poverty rate in Panama town, OK?
The poverty rate in Panama town is 30.3%. This means approximately 431 residents live below the federal poverty line.
What is the racial makeup of Panama town, Oklahoma?
Panama town's population is 63.7% White, 0.2% Black, 4.1% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Panama town, OK?
The median home value in Panama town is $121,100. The home-value-to-income ratio is 2.7x.
How educated is Panama town, Oklahoma?
7.4% of adults (25+) in Panama town hold a bachelor's degree or higher, and 2.2% hold a graduate or professional degree.