Living in Pana, Illinois
Cost of living, income, home prices, rent and demographics of Pana · Census data 2020–2024
Pana has 5,217 residents with a median age of 39.1. The median household income is $46,168 (45% lower than the Illinois median), the median home value is $77,900, the median rent is $684/month.
Pana at a glance
- Population
- 5,217
- Median age
- 39.1State: 39
- Median household income
- $46,168State: $83,390
- Median home value
- $77,900State: $263,300
- Median rent
- $684/moState: $1,274
- Homeowners
- 65%
- Bachelor's degree or higher
- 15.8%
- Average commute
- 19 min
Is Pana a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 45% lower than the Illinois median; unemployment of 6.4%; a poverty rate of 13.3%.
The weather is best in May and August to October.
Cost of living in Pana
Housing is the biggest part of the cost of living. In Pana the median home value is $77,900, 77% lower than the U.S. median. Renters pay a median of $684 per month, which is 25.6% of household income. Homeowners with a mortgage pay $1,015 a month in housing costs.
Pana median household income
The median household income in Pana is $46,168 and the income per person is $31,009. 13.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Pana: homes for sale and rent
- Housing units
- 2,577
- Owner-occupied
- 65%
- Renter-occupied
- 35%
- Vacant
- 15.5%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.32
Pana demographics
- Population
- 5,217
- Median age
- 39.1
- Under 18
- 20.7%
- 65 and older
- 22.8%
- Households
- 2,178
- Foreign-born
- 1.1%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Pana ›
Education in Pana
15.8% of adults 25 and older in Pana have a bachelor's degree or higher (Illinois: 37.8%), and 5.6% have a graduate or professional degree.
Jobs and commute in Pana
- Unemployment rate
- 6.4%State: 5.8%
- Average commute
- 19 minState: 28 min
- Work from home
- 10.2%
- Drive alone
- 76.3%
- Public transit
- 2.6%
- Walk to work
- 1.7%
- Homes with broadband
- 90.9%
Pana vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Pana | 5,217 | $46,168 | $77,900 | $684 |
| Tower Hill | 422 | $53,352 | $68,300 | $783 |
| Oconee | 193 | $74,750 | $91,300 | $850 |
| Owaneco | 613 | $65,313 | $101,700 | $815 |
| Assumption | 1,205 | $57,500 | $89,700 | $693 |
| Nokomis | 2,147 | $60,326 | $83,900 | $814 |
| Herrick | 333 | $53,750 | $73,800 | $850 |
| Coalton | 357 | $76,875 | $92,300 | $1,025 |
| Shelbyville | 4,351 | $52,470 | $116,400 | $767 |
More for people moving to Pana
Pana ZIP code ›Weather and climate ›Living in Pana: FAQ
What is the median household income in Pana, IL?
The median household income in Pana is $46,168, 45% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Pana?
The median home value in Pana is $77,900, compared with $263,300 in Illinois.
How much is rent in Pana?
The median gross rent in Pana is $684 per month, about 25.6% of household income.
Is Pana, IL a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 19 minutes. Minuses: median household income 45% lower than the Illinois median; unemployment of 6.4%; a poverty rate of 13.3%.
What is the median age in Pana?
The median age in Pana is 39.1 years (Illinois: 39).
How long is the commute in Pana?
The average commute to work in Pana is 19 minutes; 10.2% of workers work from home.
What is the unemployment rate in Pana?
The unemployment rate in Pana is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Pana?
15.8% of adults in Pana have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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