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Panama is a city in Shelby County.
The community name derives from Indian term for "place where many fish are taken," or its converse, a place lacking in fish
The latitude of Panama is 41.726N. The longitude is -95.471W.
It is in the Central Standard time zone. Elevation is 1,266 feet.The estimated population, in 2003, was 214.
Sections below provide additional information and links about Panama demographics, travel and tourism, nearby airports, cemeteries, the Shelby County economy, education, environment, genealogy, government, historic sites, libraries, maps, museums, newspapers and other media, nonprofit groups, real estate, recreation, religion, transportation, and weather in the 51562 ZIP code.

65% of Panama residents report German ancestry, and 9% report Irish. For more info on local ancestry groups, see the Panama ancestry & family history guide.
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At the time of the 2000 census, the per capita income in Panama was $20,078, compared with $21,587 nationally.
10% of Panama residents age 25 and older have a bachelor's or advanced college degree.
Median rent in Panama, at the time of the 2000 Census, was $238. Monthly homeowner costs, for people with mortgages, were $645.
Shelby County supported George W. Bush in the 2004 presidential election. For more information, see our Panama political report.
The average commute time for Panama workers is 19 minutes, compared with 26 minutes nationwide.
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