New York / Chautauqua County

Moving to Panama, NY

Thinking of making a move to Panama, NY? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Panama, NY

Considering a move to Panama, NY? This welcoming community of 580 residents offers a blend of suburban charm and convenience, with median home prices around $142,000 and average rents near $820. Commute times average 24 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (45% annually), ideal for families and commuters alike. Explore Panama's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Panama, NY

Panama has a population of 580 residents, offering a diverse community with a median age of nearly 42 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 96% White, 1% Black, and 0% Asian residents, and over 3% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
580
Density
520 per sq mi
Median Age
41.8
Gender Ratio
98 males per 100 females
Non-English Speakers Percentage
2.6%

Ethnic Composition

White
96.0%
Black
0.8%
Asian
0.4%
Others
2.8%

Cost Of Living

What is the average cost of living in Panama, NY?

The cost of living in Panama is higher than the national average, with a cost of living index of 79.4. Median home values are around $142,000 and average rents for a two-bedroom apartment are approximately $820. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$142,000
Gross Rent
$820
Monthly Electricity Charges
$128
Auto Insurance
$1,420
House Owner Cost With Mortgage
$1,180
House Owner Cost Without Mortgage
$420
State Taxes
Low: 4.0%| High: 10.9%
Cost Of Living Index
79.4
Grocery
96.5
Housing
61.2
Utilities
102.1
Transportation
92.4
Health Care
96.0
Miscellaneous
94.8

Crime

Is Panama, NY a safe place to live?

Panama is considered a safe community, with a low violent crime rate of 110 incidents per 100,000 residents and a property crime chance of 1 in 106. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in New York.

Violent Crimes Per 100k
110
Property Crimes Per 100k
940
Crime Index
1,050
Chance Of Violent Crime
1 in 909
Chance Of Property Crime
1 in 106

Weather

What is the weather like in Panama, NY year-round?

Panama experiences four distinct seasons, with warm summers reaching highs of 80°F and cold winters dipping to 18°F. The area receives about 42 inches of rainfall annually and enjoys sunshine on 45% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
18°F
Max
32°F

Summer

Min
60°F
Max
80°F

Spring

Min
38°F
Max
62°F

Fall

Min
42°F
Max
64°F
Average Rainfall Inches
41.8 inches
Sunny Days Percentage
45%

Neighbors

The neighborhood boasts a healthy median household income of $56,200 and a low poverty rate of 12.8%. Over 91% of residents have at least a high school diploma, and nearly 20% hold a bachelor's degree or higher. Commute times average 24 minutes, and almost 2% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$33,500
Household Income
$56,200
Family Income
$68,400
Per Capita Income
$27,800
Income Male
$40,200
Income Female
$33,100
Poverty Rate
12.8%
Non English Speakers
5.4%
Rent
$820
Unemployment Rate
5.3%
Public Transport Usage
2.1%
Commute Time
23.8 minutes

Education

High School or Higher
90.8%
Bachelors or More
19.6%

Education

How are the schools in Panama, NY?

Panama offers quality education options, with public schools like Chautauqua Lake Central School and Clymer Central School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Jamestown Community College and Allegheny College. The community is committed to educational excellence for all age groups.

Public Schools

Name
Chautauqua Lake Central School
Street
100 N Erie St
Phone
716-763-6800
Students
640
Student Teacher Ratio
11.8
Name
Clymer Central School
Street
8672 W Main St
Phone
716-355-2316
Students
460
Student Teacher Ratio
12.1

Private Schools

Name
Pine Valley Central School
Street
7755 Rte 242
Phone
716-355-4444
Students
180

Colleges

Name
Jamestown Community College
City
Jamestown
State
NY
Distance
17 miles
Students
4,800
Name
Allegheny College
City
Meadville
State
PA
Distance
42 miles
Students
1,500

Healthcare

Panama residents have access to quality healthcare, with major hospitals like Brooks-TLC Hospital System and Westfield Memorial Hospital nearby. The community benefits from a high physician-to-resident ratio of 1.7 per 1,000 people and 94.0% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Brooks-TLC Hospital System
Address
529 Central Ave, Dunkirk, NY 14048
Phone
(716) 366-1111
Type
General & Surgical
Emergency Services
Yes
Name
Westfield Memorial Hospital
Address
189 E Main St, Westfield, NY 14787
Phone
(716) 326-4921
Type
Critical Access
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
1.7
Health Insurance Coverage
94.0%
Health Care Index
68.9

Housing Market

What is the housing market like in Panama, NY?

The local housing market is strong, with a median home price of $142,000 and an owner-occupied rate of nearly 76%. The market has seen a 3.9% appreciation over the past year, and rental vacancy rates remain moderate at 7.1%. Panama offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$142,000
Average Rent For 2 Bedroom
$820
Owner Occupied Rate
76.4%
Rental Vacancy Rate
7.1%
Home Appreciation Rate (1yr)
3.9%
New Construction Rate
0.6%
Foreclosure Rate
0.3%

DMV Information

Residents of Panama handle vehicle services through the New York State Department of Motor Vehicles, conveniently located in Albany. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
New York
Department
New York State Department of Motor Vehicles
Address
6 Empire State Plaza, Albany, NY 12228
Phone
1-518-486-4714

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Panama, NY

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Panama, review the core fields on this page: population 580, median home value $142,000, average rent for 2 bedroom $820, commute time 23.8 minutes, and sunny days percentage 45%.

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