Panama, IL Real Estate and Homes for Sale

Panama, Illinois is located in Montgomery County. Panama is a rural community with a population of 324. The median household income is $42,916. In Panama, 25% of residents are married, and families with children reside in 33% of the households. Half the population of Panama commutes 31 minutes or less to work, with 52% of residents holding white collar jobs and 48% residents holding blue collar jobs. The median age of homes in Panama, IL is 45 years, with 74% of those homes owned, 15% rented, and 12% not occupied.

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