Best Places to Live in Panama, Oklahoma

Mid-sized city - Extreme western Arkansas at Oklahoma border in Arkansas River Valley
Pros
-Cost of living
-Nearby mountains
-Air quality
Cons
-Isolation
-Arts and culture
-Low educational attainment

Find your Best Mortgage in Panama: Fixed Rate, Adjustable Rate, 30 years, 15 years

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.


QUICK FACTS

Real Estate: For Sale  For Rent
Country: United States
State: Oklahoma
County: Le Flore County
Metro Area: Fort Smith Metro Area
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 7.60% (U.S. avg. is 5.20%). Recent job growth is Positive. Panama jobs have increased by 2.98%. Learn More...
COST OF LIVING
Compared to the rest of the country, Panama's cost of living is 27.70% lower than the U.S. average. Learn More... or Compare Panama's Cost of Living
POPULATION
Panama's population is 1,370 people. Since 2000, it has had a population growth of -10.34%. Learn More...
TRANSPORTATION
Average Commute time is 22 minutes. The National Average is 26 minutes. Learn More...
REAL ESTATE
The median home cost in Panama is $46,400. Home appreciation the last 10 years has been 5.80%. 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. Learn More...

Best Places to Live in Panama Rankings


Housing Market in Panama

It's not a good time to buy in Panama. Home Appreciation is down -0.7% in the last 12 months. Browse Panama Real Estate.

The median home price in Panama is $46,400. 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