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Panama is a village in Montgomery and Bond counties, Illinois, United States. The population was 337 at the 2020 census.

Panama, Illinois
Village
Location of Panama in Bond County, Illinois.
Location of Illinois in the United States
Coordinates: 39°1′50″N 89°31′25″W
Country	United States
State	Illinois
County	Bond
Area [1]
• Total	0.37 sq mi (0.95 km2)
• Land	0.36 sq mi (0.94 km2)
• Water	0.00 sq mi (0.00 km2)  0%
Elevation	591 ft (180 m)
Population  (2020)
• Total	337
• Density	923.29/sq mi (356.75/km2)
Time zone	UTC-6 (CST)
• Summer (DST)	UTC-5 (CDT)
ZIP Code(s)	62077
Area code(s)	217
FIPS code	17-57498
Wikimedia Commons	Panama, Illinois

History

The town was founded in the early 20th century when the Shoal Creek Coal Company of Chicago sank a coal mine shaft there. The shaft was completed in 1906. The town attracted many European immigrants.[2]

Geography

Panama is located at 39°1′50″N 89°31′25″W (39.030451, -89.523548).[3]

According to the 2021 census gazetteer files, Panama has a total area of 0.37 square miles (0.96 km²), of which 0.37 square miles (0.96 km²) (or 99.46%) is land and 0.00 square miles (0.00 km²) (or 0.54%) is water.[4]

Two-thirds of the village is in Montgomery County, with the remainder in Bond County. Local law enforcement is dispatched through the Montgomery County Sheriff's Office in Hillsboro.

Demographics

Historical population
Census	Pop.		%±
1910	708		—
1920	1,281		80.9%
1930	1,026		−19.9%
1940	627		−38.9%
1950	520		−17.1%
1960	487		−6.3%
1970	423		−13.1%
1980	637		50.6%
1990	294		−53.8%
2000	323		9.9%
2010	343		6.2%
2020	337		−1.7%
U.S. Decennial Census[5]

As of the 2020 census[6] there were 337 people, 111 households, and 59 families residing in the village. The population density was 918.26 inhabitants per square mile (354.54/km²). There were 163 housing units at an average density of 444.14 per square mile (171.48/km²). The racial makeup of the village was 93.77% White, 0.59% Asian, 1.78% from other races, and 3.86% from two or more races. Hispanic or Latino of any race were 2.08% of the population.

There were 111 households, out of which 32.43% had children under the age of 18 living with them, 39.64% were married couples living together, 10.81% had a female householder with no husband present, and 46.85% were non-families. 35.14% of all households were made up of individuals, and 15.32% had someone living alone who was 65 years of age or older. The average household size was 2.66 and the average family size was 1.99.

The village's age distribution consisted of 18.1% under the age of 18, 5.0% from 18 to 24, 23% from 25 to 44, 28% from 45 to 64, and 25.8% who were 65 years of age or older. The median age was 50.5 years. For every 100 females, there were 87.3 males. For every 100 females age 18 and over, there were 79.2 males.

The median income for a household in the village was $55,114, and the median income for a family was $57,083. Males had a median income of $37,500 versus $25,938 for females. The per capita income for the village was $26,720. About 8.5% of families and 10.4% of the population were below the poverty line, including 10.0% of those under age 18 and 12.3% of those age 65 or over.

Notable person

• John L. Lewis, nationally known union organizer, coal miner in Panama (1909-1915)[7]

References

External links

• Historical Society of Montgomery County

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