PlainZIP

Panama, IL · standard

ZIP Code 62077

Montgomery County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

347
257/sq mi
$72,917
Median income
$54,700
Median home value
3.8%
Bachelor's or higher

The verdict

Panama pairs an above-median household income with among the most affordable home values nationally, in a low-density, homeowner-dominated area.

Top 49%
household income, US ZIPs
1th pct
home value, US ZIPs
257
people per sq mi
92%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 62077 against every reporting US ZIP.

ZIP code 62077 is a sparsely populated ZIP (a standard USPS delivery area) in Panama, Montgomery County, Illinois, home to just 347 residents across 1.4 square miles, a density of 257 people per square mile, in the Chicago time zone.

ZIP 62077 lands in the middle-income range, with a median household income of $72,917 (9% below the Illinois average), while per-capita income is $25,747. Poverty here runs at 9.5%, with unemployment measured at 6.6%. The typical home here is valued at $54,700 (71% below the state average); renters pay a median of $970 monthly, and 92.4% of units are owner-occupied.

Formal educational attainment runs low here: just 3.8% of adults hold a bachelor's degree or higher, the median age is 40.3, and the average commute is -. Beyond these figures, 7 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Montgomery County, letting you compare 62077 to its immediate surroundings rather than a national baseline alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 62077, Panama, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

347

Population

1.4

Area (sq mi)

257

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 62077?

40.3

Median Age

48.6%

Male

51.4%

Female

0.7%

Foreign-Born

White 73.8%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 1.9%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 24.0%
Hispanic or Latino 10.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$72,917

Median Household Income

-9% vs state

$25,747

Per Capita Income

9.5%

Poverty Rate

6.6%

Unemployment Rate

How ZIP 62077 ranks nationally

Panama, IL household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$72,917 Top 49% higher than 51% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 49.7%
Bachelor's Degree or Higher 3.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

187

Total Housing Units

172

Occupied Units

15

Vacant Units

2.44

Avg Household Size

Occupancy Type

Owner 92.4%
Renter 7.6%

$54,700

Median Home Value

-71% vs state

$970

Median Rent

1943

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

Nearby ZIP Codes

Want a side-by-side? Compare 62077 vs 62019 →

ZIP 62077 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 62077 ranks #7 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 62077 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 62077 ranks #2 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
62019 Donnellson, IL 490 3.9 mi
62086 Sorento, IL 1,437 4.5 mi
62091 Walshville, IL 337 5.1 mi
62089 Taylor Springs, IL 489 7.1 mi
62049 Hillsboro, IL 8,470 7.3 mi
62246 Greenville, IL 10,355 11.0 mi
62056 Litchfield, IL 8,930 13.1 mi

More ZIP Codes in Montgomery County

62056 standard
Litchfield, IL
Pop: 8,930
62049 standard
Hillsboro, IL
Pop: 8,470
62075 standard
Nokomis, IL
Pop: 3,458
62560 standard
Raymond, IL
Pop: 1,508
62017 standard
Coffeen, IL
Pop: 1,185
62094 standard
Witt, IL
Pop: 1,152

Related Areas

Montgomery County Panama, IL Illinois

Frequently Asked Questions

What county is ZIP code 62077 in? ▼
ZIP code 62077 (Panama) is located in Montgomery County, Illinois. Montgomery County contains multiple ZIP codes, see the full list at /counties/montgomery-il.
What is the population of ZIP code 62077? ▼
ZIP code 62077 in Panama, IL has a population of 347 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 62077? ▼
The median household income in ZIP 62077 is $72,917, which is 4% below the national average of $76,288.
What is the average home value in ZIP 62077? ▼
The median home value in ZIP 62077 is $54,700, which is 80% below the national average of $278,155.
What is the demographic makeup of ZIP 62077? ▼
The largest racial group in ZIP 62077 is White at 73.8%. Hispanic or Latino residents make up 10.0% of the population.
What is the education level in ZIP code 62077? ▼
In ZIP code 62077, 49.7% of residents aged 25+ have a high school diploma or higher, and 3.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 62077? ▼
In ZIP code 62077, approximately 92.4% of occupied housing units are owner-occupied and 7.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 62077? ▼
The poverty rate in ZIP code 62077 is 9.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.