Panama, Oklahoma is a small town located in Le Flore County that offers a variety of services to its residents. With 2 bedroom rent coming in at $730, Panama offers an affordable option for those looking to live in the region. The difference in housing costs is also reflected in the grocery cost index which averages around 89 compared to the national average of 100.
Local companies such as Walmart and Sonic are both located within this town, allowing residents access to high quality goods and services. Residents can also take advantage of various attractions such as the nearby Ouachita National Forest and Talimena Scenic Byway. Other attractions include the popular Robbers Cave State Park and Heavener Runestone Park. Panama, Oklahoma is an affordable place with plenty of local amenities, making it an attractive option for many potential residents.
Panama has an unemployment rate of 6.7%. The US average is 6.0%.
Panama has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Panama
- The Sales Tax Rate for Panama is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Panama is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Panama
- The average income of a Panama resident is $15,490 a year. The US average is $28,555 a year.
- The Median household income of a Panama resident is $41,908 a year. The US average is $69,021 a year.