51562 Zip Code (Panama, IA) Detailed Profile

Estimated zip code population in 2022: 487
Zip code population in 2010: 449
Zip code population in 2000: 459

Houses and condos: 200
Renter-occupied apartments: 14
March 2022 cost of living index in zip code 51562: 80.1 (low, U.S. average is 100)

Land area: 33.9 sq. mi.
Water area: 0.0 sq. mi.

Population density: 14 people per square mile

(very low).

Real estate property taxes paid for housing units in 2022:
Median real estate property taxes paid for housing units with mortgages in 2022: $1,880 (1.0%)
Median real estate property taxes paid for housing units with no mortgage in 2022: $1,924 (1.2%)

For population 25 years and over in 51562:

• High school or higher: 93.8%
• Bachelor's degree or higher: 19.0%
• Graduate or professional degree: 2.0%
• Mean travel time to work (commute): 12.2 minutes

For population 15 years and over in 51562:

• Never married: 19.1%
• Now married: 73.9%
• Separated: 1.3%
• Widowed: 3.9%
• Divorced: 1.9%

• 
• • 47797.9%White
  • 61.2%Some other race
  • 20.4%American Indian
  • 20.4%Two or more races

100% rural population.

Averages for the 2020 tax year for zip code 51562, filed in 2021:

Average Adjusted Gross Income (AGI) in 2020: $74,500 (Individual Income Tax Returns)

Here:	$74,500
State:	$71,087

Salary/wage: $61,117 (reported on 75.0% of returns)

Here:	$61,117
State:	$57,361

(% of AGI for various income ranges: 1393.3% for AGIs below $25k, 2971.7% for AGIs $25k-50k, 6366.7% for AGIs $75k-100k)

Taxable interest for individuals: $1,889 (reported on 37.5% of returns)

This zip code:	$1,889
Iowa:	$1,633

(% of AGI for various income ranges: 73.3% for AGIs $25k-50k, 196.7% for AGIs $75k-100k)

Ordinary dividends: $1,943 (reported on 29.2% of returns)

Here:	$1,943
State:	$5,432

(% of AGI for various income ranges: )

Net capital gain/loss in AGI: +$4,812 (reported on 33.3% of returns)

Here:	+$4,812
State:	+$15,243

(% of AGI for various income ranges: )

Profit/loss from business: +$2,467 (reported on 12.5% of returns)

Here:	+$2,467
State:	+$11,763

(% of AGI for various income ranges: 123.3% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2020 taxes: 95.8%

Here:	96%
State:	95%

(% for various income ranges: 83.3% for AGIs below $25k, 100.0% for AGIs $25k-50k, 100.0% for AGIs $50k-75k, 100.0% for AGIs $75k-100k, 100.0% for AGIs $100k-200k)

Averages for the 2012 tax year for zip code 51562, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $56,838 (Individual Income Tax Returns)

Here:	$56,838
State:	$58,860

Salary/wage: $36,337 (reported on 79.2% of returns)

Here:	$36,337
State:	$46,659

(% of AGI for various income ranges: 71.7% for AGIs below $25k, 77.0% for AGIs $25k-50k, 54.7% for AGIs $50k-75k, 38.9% for AGIs $75k-100k)

Taxable interest for individuals: $1,555 (reported on 45.8% of returns)

This zip code:	$1,555
Iowa:	$1,537

(% of AGI for various income ranges: 2.5% for AGIs below $25k, 2.5% for AGIs $25k-50k, 2.7% for AGIs $50k-75k, 0.3% for AGIs $75k-100k)

Ordinary dividends: $975 (reported on 16.7% of returns)

Here:	$975
State:	$4,542

Net capital gain/loss in AGI: +$625 (reported on 16.7% of returns)

Here:	+$625
State:	+$11,802

Profit/loss from business: +$16,700 (reported on 12.5% of returns)

Here:	+$16,700
State:	+$10,509

Taxable individual retirement arrangement distribution: $4,900 (reported on 12.5% of returns)

51562:	$4,900
Iowa:	$11,773

Total itemized deductions: $16,620 (14% of AGI, reported on 20.8% of returns)

Here:	$16,620
State:	$21,278

Here:	13.7% of AGI
State:	18.9% of AGI

Charity contributions: $5,040 (reported on 20.8% of returns)

Here:	$5,040
State:	$4,044

Taxes paid: $5,860 (reported on 20.8% of returns)

51562:	$5,860
State:	$8,846

Earned income credit: $1,450 (reported on 8.3% of returns)

Here:	$1,450
State:	$2,098

(% of AGI for various income ranges: 3.1% for AGIs below $25k)

Percentage of individuals using paid preparers for their 2012 taxes: 87.5%

Here:	88%
State:	65%

(% for various income ranges: 87.5% for AGIs below $25k, 100.0% for AGIs $25k-50k, 75.0% for AGIs $50k-75k, 83.3% for AGIs $75k-100k)

Averages for the 2004 tax year for zip code 51562, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $32,604 (Individual Income Tax Returns)

Here:	$32,604
State:	$43,875

Salary/wage: $28,626 (reported on 78.9% of returns)

Here:	$28,626
State:	$38,265

(% of AGI for various income ranges: 139.8% for AGIs below $10k, 60.7% for AGIs $10k-25k, 70.9% for AGIs $25k-50k, 67.1% for AGIs $50k-75k, 65.7% for AGIs $75k-100k)

Taxable interest for individuals: $2,124 (reported on 60.4% of returns)

This zip code:	$2,124
Iowa:	$1,768

(% of AGI for various income ranges: 13.5% for AGIs below $10k, 10.0% for AGIs $10k-25k, 2.1% for AGIs $25k-50k, 6.3% for AGIs $50k-75k)

Taxable dividends: $820 (reported on 26.9% of returns)

Here:	$820
State:	$2,510

Net capital gain/loss: +$1,258 (reported on 27.3% of returns)

Here:	+$1,258
State:	+$6,139

Profit/loss from business: +$10,571 (reported on 12.3% of returns)

Here:	+$10,571
State:	+$8,574

Profit/loss from farming: +$309 (reported on 24.2% of returns)

Here:	+$309
State:	-$74

IRA payment deduction: $3,000 (reported on 5.7% of returns)

51562:	$3,000
Iowa:	$2,970

Total itemized deductions: $14,135 (26% of AGI, reported on 22.9% of returns)

Here:	$14,135
State:	$16,976

Here:	25.8% of AGI
State:	20.8% of AGI

(% of AGI for various income ranges: 20.4% for AGIs $10k-25k, 8.0% for AGIs $25k-50k, 8.9% for AGIs $50k-75k, 10.0% for AGIs $75k-100k)

Charity contributions deductions: $1,840 (4% of AGI, reported on 22.0% of returns)

Here:	$1,840
State:	$3,089

Here:	4.1% of AGI
State:	3.6% of AGI

Total tax: $3,806 (reported on 77.1% of returns)

51562:	$3,806
State:	$6,177

(% of AGI for various income ranges: 4.1% for AGIs below $10k, 5.3% for AGIs $10k-25k, 7.5% for AGIs $25k-50k, 8.2% for AGIs $50k-75k, 15.3% for AGIs $75k-100k)

Earned income credit: $1,765 (reported on 7.5% of returns)

Here:	$1,765
State:	$1,540

Percentage of individuals using paid preparers for their 2004 taxes: 92.1%

Here:	92%
State:	70%

(% for various income ranges: 80.4% for AGIs below $10k, 100.0% for AGIs $10k-25k, 96.2% for AGIs $25k-50k, 93.5% for AGIs $50k-75k, 84.6% for AGIs $75k-100k)

Nearest zip codes: 51565, 51530, 51578, 51563, 51528, 51527.
No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 0
Household did not receive Food Stamps/SNAP in the past 12 months: 192

Women who did not have a birth in the past 12 months: 107 (54 now married, 53 unmarried)

Housing units in zip code 51562 with a mortgage: 101
Median monthly owner costs for units with a mortgage: $1,366
Median monthly owner costs for units without a mortgage: $601

Residents with income below the poverty level in 2022:
Residents with income below 50% of the poverty level in 2022:

• Zip code 51562 household income distribution in 2022

• 12Less than $10,000
• 7$10,000 to $14,999
• 5$20,000 to $24,999
• 1$25,000 to $29,999
• 1$30,000 to $34,999
• 4$35,000 to $39,999
• 14$40,000 to $44,999
• 8$45,000 to $49,999
• 24$50,000 to $59,999
• 10$60,000 to $74,999
• 19$75,000 to $99,999
• 50$100,000 to $124,999
• 6$125,000 to $149,999
• 3$150,000 to $199,999
• 21$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2022 in zip code 51562

• 1Less than $10,000
• 2$30,000 to $34,999
• 1$35,000 to $39,999
• 5$50,000 to $59,999
• 4$60,000 to $69,999
• 2$70,000 to $79,999
• 10$80,000 to $89,999
• 6$90,000 to $99,999
• 9$100,000 to $124,999
• 9$125,000 to $149,999
• 42$150,000 to $174,999
• 23$175,000 to $199,999
• 1$250,000 to $299,999
• 13$300,000 to $399,999
• 7$400,000 to $499,999
• 17$500,000 to $749,999
• 24$1,000,000 to $1,499,999

• Rent paid by renters in 2022 in zip code 51562

• 6$400 to $449
• 1$700 to $749
• 7No cash rent

Estimated median house (or condo) value in 2022 for:

• White Non-Hispanic householders: $205,904

Estimated median house or condo value in 2022: $179,812 Lower value quartile - upper value quartile: $119,613 - $387,337

Mean price in 2022:

Detached houses: $308,708

Here:	$308,708
State:	$245,224

Housing units in structures:

• One, detached: 184
• 3 or 4: 15

• Means of transportation to work in zip code 51562

• 59.6%166Drove a car alone
• 0.4%1Carpooled
• 29.1%81Walked
• 2.5%7Other means
• 6.5%18Worked at home

• Travel time to work (commute) in zip code 51562

• 77Less than 5 minutes
• 975 to 9 minutes
• 610 to 14 minutes
• 2615 to 19 minutes
• 1720 to 24 minutes
• 225 to 29 minutes
• 2030 to 34 minutes
• 340 to 44 minutes
• 345 to 59 minutes
• 460 to 89 minutes
• 390 or more minutes

Percentage of zip code residents living and working in this county: 81.7%

Household type by relationship:

Households: 487

• Male householders: 105 (13 living alone), Female householders: 87 (22 living alone)

• 144 spouses (143 opposite-sex spouses), 5 unmarried partners, (5 opposite-sex unmarried partners), 139 children (123 natural, 15 adopted, 0 stepchildren), 2 grandchildren, 0 brothers or sisters, 0 parents, 0 foster children, 0 other relatives, 8 non-relatives

Size of family households: 53 2-persons, 52 3-persons, 30 4-persons, 1 5-persons, 5 7-or-more-persons

Size of nonfamily households: 35 1-person, 10 2-persons, 1 5-persons

131 married couples with children.
2 single-parent households (2 men).

99.8% of residents of 51562 zip code speak English at home.

Facilities with environmental interests located in this zip code:

• PANAMA CITY OF STP (CITY HALL in PANAMA, IA)

  National Pollutant Discharge Elimination System NON-MAJOR (Tracking pollutant discharge elimination systems) - permit
  Business SIC classification: SEWERAGE SYSTEMS
  Organizations: CITY OF PANAMA (CONTACT/OWNER)
  

• ST MARYS REGIONAL (MAIN ST in PANAMA, IA)

  COMPLIANCE ACTIVITY (Tracking inspections of insecticide, fungicide, and rodenticide, and toxic substances)
  Alternative names: ST MARYS REGIONAL SCHOOL

Housing units lacking complete plumbing facilities: 1.3%
Housing units lacking complete kitchen facilities: 1.2%

Population in 1990: 511.

Place of birth for U.S.-born residents:

• This state: 376
• Midwest: 97
• South: 1

67% of the 51562 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 63% lived in this county.
   Out of people who lived in different counties, 50% lived in Iowa.

92% of the 51562 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 29% moved from this county.
   Out of people who lived in different houses, 21% moved from different county within same state.
   Out of people who lived in different houses, 50% moved from abroad.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 22
Students in private schools in grades 9 to 12 (high school): Students in private undergraduate colleges:

Top industries in this zip code by the number of employees in 2005:

• Construction: Other Foundation, Structure, and Building Exterior Contractors (10-19 employees: 1 establishment)
• Accommodation and Food Services: Drinking Places (Alcoholic Beverages) (5-9: 1)
• Wholesale Trade: Wholesale Trade Agents and Brokers (5-9: 1)
• Construction: Finish Carpentry Contractors (5-9: 1)
• Construction: New Single-Family Housing Construction (except Operative Builders) (5-9: 1)
• Finance and Insurance: Insurance Agencies and Brokerages (5-9: 1)
• Construction: Residential Remodelers (5-9: 1)

Most common first names in zip code 51562 among deceased individuals
Name	Count	Lived (average)
Mary	10	85.5 years
Anna	6	82.7 years
John	6	84.0 years
Joseph	5	81.8 years
Henry	4	76.5 years
William	4	71.5 years
Agnes	3	87.7 years
Leo	3	75.0 years
Edward	3	72.7 years
Catherine	3	82.0 years

Most common last names in zip code 51562 among deceased individuals
Last name	Count	Lived (average)
Blum	9	83.2 years
Arkfeld	8	85.5 years
Leuschen	7	79.9 years
Schwery	6	75.0 years
Hoffmann	5	78.4 years
Kwapiszeski	5	77.8 years
Mickels	5	83.4 years
Nowatzke	5	82.0 years
Reisz	5	65.4 years
Kenkel	4	79.2 years