Panama is a tiny village located in the state of New York. With a population of 462 people and just one neighborhood, Panama is the 893rd largest community in New York. Panama has a large stock of pre-World War II architecture, making it one of the older and more historic villages in the country.
Because occupations involving physical labor dominate the local economy, Panama is generally considered to be a blue-collar town. 37.96% of the Panama workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Panama is a village of sales and office workers, production and manufacturing workers, and managers. There are especially a lot of people living in Panama who work in management occupations (12.24%), office and administrative support (11.43%), and sales jobs (6.94%).
Overall, Panama’s crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern.
Residents will find that the village is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Panama is worth considering.
Being a small village, Panama does not have a public transit system used by locals to get to and from work.
The percentage of adults in Panama who are college-educated is close to the national average for all communities of 21.84%: 18.82% of the adults in Panama have a bachelor's degree or advanced degree.
The per capita income in Panama in 2022 was $28,558, which is low income relative to New York, and lower middle income relative to the rest of the US. This equates to an annual income of $114,232 for a family of four. However, Panama contains both very wealthy and poor people as well.
The people who call Panama home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Panama residents report their race to be White, followed by Asian. Important ancestries of people in Panama include English, German, Swedish, Irish, and Dutch.
The most common language spoken in Panama is English. Other important languages spoken here include Italian and Polish.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Unpopulated, and rural, the neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 91.9% of the neighborhoods in America.
Did you know that the neighborhood has more Swedish and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.0% of this neighborhood's residents have Swedish ancestry and 4.1% have Dutch ancestry.
is also pretty special linguistically. Significantly, 10.8% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Panama are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.8% of U.S. neighborhoods. With 10.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.3% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the neighborhood, 35.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.8%), and 12.5% in clerical, assistant, and tech support occupations.
The most common language spoken in the neighborhood is English, spoken by 88.2% of households. Some people also speak German/Yiddish (10.8%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Panama, NY, residents most commonly identify their ethnicity or ancestry as German (25.7%). There are also a number of people of English ancestry (20.9%), and residents who report Swedish roots (15.0%), and some of the residents are also of Irish ancestry (13.2%), along with some Italian ancestry residents (4.5%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (42.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (79.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.