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Panama is located in Illinois. Panama, Illinois has a population of 311. Panama is more family-centric than the surrounding county with 27% of the households containing married families with children. The county average for households married with children is 24%.

The median household income in Panama, IL is $49,965. The median household income for the surrounding county is $45,784 compared to the national median of $57,525. The median age of people living in Panama is 39 years old.

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