Panama, IL (62077) is a small city located in Mason County, Illinois. It is ranked #1660 out of the best places to live in the United States according to the rankings compiled by Bestplaces. Panama has a population of 868 people and has an overall cost of living index of 81, making it cheaper than most places in America. The crime rate is relatively low at 7 per 1000 residents, and the average air quality is good at 77 on the Air Quality Index. Residents have access to numerous recreational facilities including a public library and several parks as well as educational opportunities from the nearby universities. Overall, Panama is an affordable place to live with low crime rates and good quality of life.
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