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Panama, IL
Village in Montgomery County, Illinois. ZIP codes: 62077.
Population
420
Land area
0.4sq mi
People per sq mi
1,151
ZIP codes
1
Panama and its ZIP codes
Panama at a glance
- Panama is about 5 times as dense as Illinois as a whole.
Local data for Panama, IL
Counts from official public data
Economy and federal money
Jobs, pay, income and spending are for Montgomery County. PPP loans are for Panama.
Unemployment rate
3.7%
Aug 2026, -1.0 pts in a year
Average annual pay
$49,222
8,847 jobs, 2025
Income per person
$56,457
BEA, 2024
Federal spending
$185M
FY 2026, $6,546 per person
Environment and hazard risk
Panama, IL, from FEMA, NOAA and EPA
Natural hazard risk
Relatively Low
Top: earthquake
Storm events since 1996
454
Countywide, mostly thunderstorm wind
Flood insurance policies
3
0.0% of homes, county
July high / Jan low
89° / 21°F
42.1 inches of rain a year
Health statistics
Share of adults in Panama, IL, CDC PLACES estimates
Obesity
39.3%
U.S. 33.3% +6.0 pts
Diabetes
12.9%
U.S. 12.1% +0.8 pts
Smoking
17.5%
U.S. 12.8% +4.7 pts
Uninsured (18-64)
9.1%
U.S. 11.1% -2.0 pts
ZIP codes in Panama
1 in or overlapping Panama. Population shown
Cities near Panama
| Name | Distance | Land area (sq mi) |
|---|---|---|
| DonnellsonVillage | 2.7 mi | 0.4 |
| SorentoVillage | 3.4 mi | 0.8 |
| WalshvilleVillage | 5.8 mi | 0.3 |
| Taylor SpringsVillage | 7.2 mi | 1.1 |
| CoffeenCity | 8.4 mi | 1.2 |
| New DouglasVillage | 8.6 mi | 1 |
| Old RipleyVillage | 9.7 mi | 0.2 |
| Schram CityVillage | 9.9 mi | 0.6 |
| Mount OliveCity | 11 mi | 1.2 |
| ButlerVillage | 12 mi | 0.6 |
| HillsboroCity | 12 mi | 8.7 |
| GreenvilleCity | 12 mi | 6.3 |
| Lake Ka-HoVillage | 13 mi | 0.3 |
| LitchfieldCity | 13 mi | 9 |
| White CityVillage | 13 mi | 1.2 |
| WilliamsonVillage | 13 mi | 1.2 |
Frequently asked questions
- What county is Panama, IL in?
- Panama is in Montgomery County, Illinois.
- What ZIP codes are in Panama, IL?
- ZIP codes in or overlapping Panama include 62077.
- What is the population of Panama, IL?
- About 420 people live in Panama, based on American Community Survey 5-year estimates.
- What cities are near Panama?
- Nearby places include Donnellson (2.7 mi), Sorento (3.4 mi), Walshville (5.8 mi), Taylor Springs (7.2 mi), Coffeen (8.4 mi).
Source: U.S. Census Bureau (TIGER/Line boundaries, American Community Survey) · Data as of 12/31/2023