Panama, IL Real Estate and Homes for Sale

Panama, Illinois is located in Montgomery County. Panama is a rural community with a population of 314. The median household income is $43,114. In Panama, 31% of residents are married, and families with children reside in 28% of the households. Half the population of Panama commutes 31 minutes or less to work, with 19% of residents holding white collar jobs and 81% residents holding blue collar jobs. The median age of homes in Panama, IL is 45 years, with 75% of those homes owned, 14% rented, and 11% not occupied.

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