Cost of living in Panama, IA

Panama is a Census city in Shelby County, IA. ACS 2024 5-year population is 245. Median gross rent is $940 (ACS 2024 5-year, this place). Median home value is $142,200. Median household income is $63,125. Insurance is the NAIC state average; food is a USDA plan — no town indexes.