Panama, Oklahoma 

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Population

1,240

-18.3% since 2010

Unemployment Rate

4.8%

Best Places to Live in Panama, Oklahoma

Mid-sized city - Extreme western Arkansas at Oklahoma border in Arkansas River Valley. May, October and April are the most pleasant months in Panama, while July and August are the least comfortable months.

Pros
Cost of living
Nearby mountains
Air quality
Cons
Isolation
Arts and culture
Low educational attainment
 $119,900 
113 Edmond St
Bed 3 | Bath 2 | 1895 SqFt
 $30,000 
611 Choctaw
Bed 2 | Bath 1 | 896 SqFt
 $75,000 
1106 N Kentucky Ave
Bed 2 | Bath 1 | 960 SqFt

What Bert Has To Say About Fort Smith Metro Area

Fort Smith is a small town with old-west flavor located in a flat valley along the Arkansas River. Major industries include light manufacturing and natural gas, and major employers include the nearby Fort Chaffee military installation. The economy is steady with somewhat above average job-growth prospects, and the low Cost of living and median home price are probably among the biggest attractions.


Best Neighborhoods In Panama, Oklahoma: Download the BestPlaces App

QUICK FACTS

City: Panama
Zip Codes: 74951
Time zone: Central Standard Time (CST)
Elevation: 463 ft above sea level

Highlights

ECONOMY
The unemployment rate in Panama is 4.8% (U.S. avg. is 3.7%). Recent job growth is Negative. Panama jobs have decreased by 0.4%. More Economy

COST OF LIVING
Compared to the rest of the country, Panama's cost of living is 26.9% lower than the U.S. average. More Cost of Living or Compare Panama's Cost of Living

WEATHER & CLIMATE
May, October and April are the most pleasant months in Panama, while July and August are the least comfortable months. Today's Weather | Climate Averages

VOTING
Le Flore county voted Republican in the previous five Presidential elections. More Voting Stats

POPULATION
Panama's population is 1,240 people. Since 2010, it has had a population decline of 18.3%. Learn More...

TRANSPORTATION
Average Commute time is 27.9 minutes. The National Average is 26.4 minutes. Learn More...

REAL ESTATE
The median home cost in Panama is $44,900. Home appreciation the last 10 years has been 9.0%. Check out the homes in the area

SCHOOLS
Panama public schools spend $7,384 per student. The average school expenditure in the U.S. is $12,383. There are about 16 students per teacher in Panama. More Education



Best Places to Live in Panama Rankings


Housing Market in Panama

It's a good time to buy in Panama. Home Appreciation is up 9.0% in the last 12 months. Browse Panama Real Estate

The median home price in Panama is $44,900. Browse Homes in this Range.


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MAPS OF PANAMA, OKLAHOMA
Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Panama,Oklahoma Map
ZIP CODES IN PANAMA, OKLAHOMA
74951

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NEW LISTINGS IN PANAMA
$119,900
113 Edmond St
Bed 3 | Bath 2

$30,000
611 Choctaw
Bed 2 | Bath 1

$75,000
1106 N Kentucky Ave
Bed 2 | Bath 1

$79,900
803 Indiana St
Bed 3 | Bath 1

$115,900
204 Rock Jail Rd
Bed 3 | Bath 2

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