| Place Name | Panama |
| Place Type | Village |
| ZIP Code(s) | 62077 |
| County | Montgomery County |
| Area Code(s) | 217 |
| Timezone | Central Daylight Time (CDT) |
| Population (2022) | 180 |
| Population Growth Rate (2010-19) | -1.75% |
| Majority Ethnicity | White 99.59% |
| US Congressional District(s) | Illinois 13th |
| State House Districts | 95 |
| State Senate Districts | 48 |
| Race/Ethnicy | Percentage of Population (2021) |
|---|---|
| White | 99.59% |
| African American | 0% |
| Hispanic | 0% |
| Asian | 0% |
| Native American | 0% |
| Hawaiin/Pacific Islander | 0.41% |