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 415 residents offers a blend of suburban charm and convenience, with median home prices around $105,000 and average rents near $690. Commute times average 23 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (46% 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 415 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 98% White, 1% Black, and 0% Asian residents, and over 2% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
415
Density
315 per sq mi
Median Age
41.6
Gender Ratio
101 males per 100 females
Non-English Speakers Percentage
1.8%

Ethnic Composition

White
97.8%
Black
0.5%
Asian
0.0%
Others
1.7%

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 82.1. Median home values are around $105,000 and average rents for a two-bedroom apartment are approximately $690. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$105,000
Gross Rent
$690
Monthly Electricity Charges
$110
Auto Insurance
$1,180
House Owner Cost With Mortgage
$1,080
House Owner Cost Without Mortgage
$430
State Taxes
Low: 4.0%| High: 8.82%
Cost Of Living Index
82.1
Grocery
97.0
Housing
54.0
Utilities
104.0
Transportation
98.0
Health Care
107.0
Miscellaneous
97.0

Crime

Is Panama, NY a safe place to live?

Panama is considered a safe community, with a low violent crime rate of 68 incidents per 100,000 residents and a property crime chance of 1 in 120. 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
68
Property Crimes Per 100k
832
Crime Index
900
Chance Of Violent Crime
1 in 1,470
Chance Of Property Crime
1 in 120

Weather

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

Panama experiences four distinct seasons, with warm summers reaching highs of 78°F and cold winters dipping to 15°F. The area receives about 45 inches of rainfall annually and enjoys sunshine on 46% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
15°F
Max
32°F

Summer

Min
56°F
Max
78°F

Spring

Min
37°F
Max
61°F

Fall

Min
40°F
Max
63°F
Average Rainfall Inches
44.8 inches
Sunny Days Percentage
46%

Neighbors

The neighborhood boasts a healthy median household income of $54,700 and a low poverty rate of 11.2%. Over 94% of residents have at least a high school diploma, and nearly 20% hold a bachelor's degree or higher. Commute times average 23 minutes, and almost 1% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$34,400
Household Income
$54,700
Family Income
$58,500
Per Capita Income
$24,800
Income Male
$35,200
Income Female
$29,900
Poverty Rate
11.2%
Non English Speakers
1.8%
Rent
$690
Unemployment Rate
5.4%
Public Transport Usage
0.5%
Commute Time
22.8 minutes

Education

High School or Higher
93.5%
Bachelors or More
20.2%

Education

How are the schools in Panama, NY?

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

Public Schools

Name
Panama Central School
Street
41 North St
Phone
716-782-2455
Students
470
Student Teacher Ratio
10.8

Colleges

Name
Jamestown Community College
City
Jamestown
State
NY
Distance
16 miles
Students
2,900

Healthcare

Panama residents have access to quality healthcare, with major hospitals like UPMC Chautauqua nearby. The community benefits from a high physician-to-resident ratio of 2.1 per 1,000 people and 95.4% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
UPMC Chautauqua
Address
207 Foote Ave, Jamestown, NY 14701
Phone
(716) 487-0141
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.1
Health Insurance Coverage
95.4%
Health Care Index
77.2

Housing Market

What is the housing market like in Panama, NY?

The local housing market is strong, with a median home price of $105,000 and an owner-occupied rate of nearly 76%. The market has seen a 5.1% appreciation over the past year, and rental vacancy rates remain moderate at 7.3%. Panama offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$105,000
Average Rent For 2 Bedroom
$690
Owner Occupied Rate
76.2%
Rental Vacancy Rate
7.3%
Home Appreciation Rate (1yr)
5.1%
New Construction Rate
0.7%
Foreclosure Rate
0.6%

DMV Information

Residents of Panama handle vehicle services through the New York State Department of Motor Vehicles, conveniently located in Jamestown. 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
512 W. 3rd Street, Jamestown, NY 14701
Phone
1-518-486-9786

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 415, median home value $105,000, average rent for 2 bedroom $690, commute time 22.8 minutes, and sunny days percentage 46%.

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