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 classified by USPS as a standard delivery area and covers roughly 1.4 square miles in Panama, Montgomery County, Illinois. The area is home to 347 residents, producing a population density of 257 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 62077 against Illinois and the nation.
On the economic side, the median household income for ZIP 62077 sits at $72,917 (9% below the Illinois average), while per-capita income is $25,747. The poverty rate stands at 9.5% and the unemployment rate at 6.6%. On housing, the median home value is $54,700 (71% below the state average) with median rent at $970 per month, and 92.4% of occupied units are owner-occupied, a direct signal of whether 62077 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 3.8% of adults hold a bachelor's degree or higher, the median age is 40.3, and the average commute is —. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Montgomery County, so you can benchmark 62077 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
347
Population
1.4
Area (sq mi)
257
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 62077?
40.3
Median Age
48.6%
Male
51.4%
Female
0.7%
Foreign-Born
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
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
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?
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
$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.
- 62246
Greenville (62246)
10,355 residents
- 62056
Litchfield (62056)
8,930 residents
- 62049
Hillsboro (62049)
8,470 residents
- 62086 1,437
Sorento (62086)
1,437 residents
- 62019 490
Donnellson (62019)
490 residents
- 62089 489
Taylor Springs (62089)
489 residents
- 62077 347
Panama (62077)
347 residents
- 62091 337
Walshville (62091)
337 residents
What this shows Among its immediate neighbors, ZIP 62077 ranks #7 by population — useful context the national average alone can't give.
ZIP 62077 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62091
Walshville (62091)
$102,188 median income
- 62077
Panama (62077)
$72,917 median income
- 62246
Greenville (62246)
$66,970 median income
- 62086
Sorento (62086)
$65,000 median income
- 62056
Litchfield (62056)
$62,643 median income
- 62019
Donnellson (62019)
$56,741 median income
- 62049
Hillsboro (62049)
$55,446 median income
- 62089
Taylor Springs (62089)
$45,543 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.
More ZIP Codes in Montgomery County
Related Areas
Frequently Asked Questions
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What percentage of residents own vs. rent in ZIP 62077? ▼
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ZIP Code Research Guides
Official Data Resources for Panama, IL
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.