Living in Panola, Illinois
Cost of living, income, home prices, rent and demographics of Panola · Census data 2020–2024
Panola has 36 residents with a median age of 59.5. The median household income is $93,750 (12% higher than the Illinois median), the median home value is $147,200.
Panola is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Panola at a glance
- Population
- 36
- Median age
- 59.5State: 39
- Median household income
- $93,750State: $83,390
- Median home value
- $147,200State: $263,300
- Homeowners
- 100%
- Bachelor's degree or higher
- 38.7%
- Average commute
- 26 min
Is Panola a good place to live?
Pros: Median household income 12% higher than the Illinois median; home values 44% lower than the state median; an average commute of 26 minutes.
The weather is best in May–June and August–September.
Cost of living in Panola
Housing is the biggest part of the cost of living. In Panola the median home value is $147,200, 56% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,389 a month in housing costs.
Panola median household income
The median household income in Panola is $93,750 and the income per person is $51,019. 0% of residents live below the poverty line (Illinois: 11.8%).
Housing in Panola: homes for sale and rent
- Housing units
- 20
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 1.80
Panola demographics
- Population
- 36
- Median age
- 59.5
- Under 18
- 5.6%
- 65 and older
- 16.7%
- Households
- 20
- Foreign-born
- 0%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Panola ›
Education in Panola
38.7% of adults 25 and older in Panola have a bachelor's degree or higher (Illinois: 37.8%), and 12.9% have a graduate or professional degree.
Jobs and commute in Panola
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 0%
- Drive alone
- 89.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 60%
Panola vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Panola | 36 | $93,750 | $147,200 | — |
| El Paso | 2,917 | $75,625 | $159,400 | $881 |
| Secor | 300 | $83,125 | $113,000 | $782 |
| Benson | 428 | $76,333 | $114,900 | $950 |
| Kappa | 226 | $98,125 | $169,400 | $925 |
| Gridley | 1,390 | $67,250 | $141,300 | $808 |
| Minonk | 1,941 | $69,352 | $120,500 | $999 |
| Roanoke | 1,967 | $82,063 | $139,900 | $1,101 |
| Flanagan | 849 | $62,083 | $108,900 | $868 |
More for people moving to Panola
Panola ZIP code ›Weather and climate ›Living in Panola: FAQ
What is the median household income in Panola, IL?
The median household income in Panola is $93,750, 12% higher 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 Panola?
The median home value in Panola is $147,200, compared with $263,300 in Illinois.
Is Panola, IL a good place to live?
Pluses: median household income 12% higher than the Illinois median; home values 44% lower than the state median; an average commute of 26 minutes.
What is the median age in Panola?
The median age in Panola is 59.5 years (Illinois: 39).
How long is the commute in Panola?
The average commute to work in Panola is 26 minutes; 0% of workers work from home.
What is the unemployment rate in Panola?
The unemployment rate in Panola is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Panola?
38.7% of adults in Panola 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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