Town guide

Panama, Iowa

Panama is a city in Shelby County, Iowa, home to about 245 people across 0.3 square miles. Its ZIP code is 51562.

Population245845 per sq mi
Median home value$142,200Census, as estimated by owners

ZIP codes in Panama

1 ZIP code
Panama, IA51562Not enough recent sales for market figures yet.

Mostly Panama

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  • History
  • What it’s like to live there
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Around Panama

Distances

Nearest major airportEppley Airfield (OMA)36 miles away
Nearest city of 250,000+Omaha, NE44 miles away
Nearest city of 1 million+Chicago, IL402 miles away

Straight-line distances from the center of Panama; driving is longer.

Source: Airports from OurAirports (scheduled passenger service); city centers and populations from the U.S. Census Bureau.

Who represents Panama

Source: Members of Congress from the congress-legislators project; districts from the Census Bureau’s relationship files; governor and mayor from Wikidata.

Population over time

Panama had 235 residents in the 2020 census, up 11% since 2000.

It’s the 660th largest of 1,019 towns in Iowa by population.

Shelby County grew from 17,932 residents in 1900 to 11,746 in 2020.

Panama population by census2000: 212, 2010: 221, 2020: 235212200022120102352020

Shelby County, 1900–2020

Shelby County population, 1900 to 20201900: 17,932, 1910: 16,552, 1920: 16,065, 1930: 17,131, 1940: 16,720, 1950: 15,942, 1960: 15,825, 1970: 15,528, 1980: 15,043, 1990: 13,230, 2000: 13,173, 2010: 12,167, 2020: 11,74618K’00’1016K’20’3017K’40’5016K’60’7015K’80’9013K’00’1012K’20

Source: U.S. Census Bureau decennial censuses (counties 1900–1990 from the Bureau’s historical county file).

Weather by month

Average highs peak around 86°F in summer, and winter lows average 10°F. About 34.3 inches of rain and melted snow fall in a typical year, with about 31 inches of snow.

Average high and low temperature and precipitation by month near PanamaJan: high 31°F, low 10°F, 0.9 in; Feb: high 36°F, low 14°F, 1 in; Mar: high 50°F, low 25°F, 2.1 in; Apr: high 63°F, low 36°F, 3.3 in; May: high 74°F, low 49°F, 4.7 in; Jun: high 84°F, low 60°F, 5.2 in; Jul: high 86°F, low 64°F, 3.7 in; Aug: high 84°F, low 61°F, 4.3 in; Sep: high 79°F, low 52°F, 4 in; Oct: high 65°F, low 39°F, 2.4 in; Nov: high 49°F, low 26°F, 1.4 in; Dec: high 36°F, low 16°F, 1.3 in31°10°Jan0.936°14°Feb1.050°25°Mar2.163°36°Apr3.374°49°May4.784°60°Jun5.286°64°Jul3.784°61°Aug4.379°52°Sep4.065°39°Oct2.449°26°Nov1.436°16°Dec1.3Rain and melted snow, inches

Source: NOAA 1991–2020 climate normals, Harlan, IA weather station (10 miles away).

Jobs in Shelby County

5,049 jobs at 384 businesses in Shelby County. The biggest industries by employees:

Largest industries in Shelby CountyTransportation and warehousing: 958 jobs; Manufacturing: 858 jobs; Health care and social assistance: 830 jobs; Retail trade: 508 jobs; Wholesale trade: 321 jobs; Hotels and restaurants: 301 jobs; Finance and insurance: 299 jobs; Information: 272 jobsTransportation and warehousing 19% Manufacturing 17% Health care and social assistance 16% Retail trade 10% Wholesale trade 6% Hotels and restaurants 6% Finance and insurance 6% Information 5%

Source: U.S. Census Bureau County Business Patterns 2023 (private employers; jobs counted where people work).

Health care

Nearest hospitals

  • Myrtue Medical CenterCritical access hospital · emergency room · CMS rating 3 of 5 · Harlan10.0 miles
  • Crawford County Memorial HospitalCritical access hospital · emergency room · CMS rating 2 of 5 · Denison21.1 miles
  • Chi Health Missouri ValleyCritical access hospital · emergency room · CMS rating 4 of 5 · Missouri Valley23.5 miles

Source: Hospitals from CMS Hospital General Information (ratings are CMS overall star ratings); straight-line distances.

Places in and around Panama

Parks (1 nearby)

  • Whispering Pines Park · 2 acres0.6 mi

Museums (2 nearby)

  • Washington Township One-Room Schoolhouse Museum0.7 mi
  • Washington Township One-Room Schoolhouse Museum0.7 mi

Counts are within about 1 mile of the center of town.

Source: Map data © OpenStreetMap contributors (openstreetmap.org/copyright), as mapped by volunteers; it can miss places or include closed ones.

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Where Panama is

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Towns near Panama

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Town boundaries don’t always match ZIP codes: a ZIP code can cross into neighboring towns, and a town can share a ZIP code with its neighbors. Facts describe the town itself; market figures describe whole ZIP codes.