Zip code 51562: Panama, Iowa

Q: What city is zip code 51562?

51562 is assigned to Panama, Iowa. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 51562 in?

51562 is in Shelby County, Iowa.

Q: What is the population of 51562?

About 506 people live in 51562, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 51562?

The median household income in 51562 is $81,250.

Q: What zip codes are near 51562?

The closest zip codes to 51562 are 51578, 51530, 51565, 51527, 51537.

Residential delivery areaShelby CountyCentral Time

Population

506

Median household income

$81K

U.S. $81K

Median home value

$159K

U.S. $333K

Median rent

$940/mo

U.S. $1,413

Median age

50.1

U.S. 38.9

Land area

34 sq mi

15 people/sq mi

Boundary is the Census Bureau's ZIP Code Tabulation Area, which closely tracks the postal delivery area.

About 51562

51562 is a rural zip code in Panama, Iowa (Shelby County), covering 34 sq mi of land. About 506 people live here, or 15 per square mile. The median resident is 50.1 years old, compared with 38.9 nationally.

The median household earns $81,250 a year, close to the national median of $80,734. 13.9% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $159,000, or 2.0 years of median household income (U.S.: 4.1 years), which makes homes relatively affordable for local earners. 88% of occupied homes are lived in by their owners, and renters pay a median of $940 a month.

18% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 12.1 minutes each way, and 2% of workers work from home. The most common jobs among working residents are in management; cleaning and personal care; and office and administrative support.

How 51562 compares

Sorted from highest to lowest national percentile

Rent-burdened renters96%
99th
WeaknessU.S. 51.1% · IA 43.9%25th of 882 in IA
Median age50.1
95th
U.S. 38.9 · IA 38.6177th of 911 in IA
Homeownership rate87.9%
93rd
StrengthU.S. 65.2% · IA 71.7%235th of 909 in IA
Broadband access96.7%
90th
StrengthU.S. 91% · IA 88.9%43rd of 909 in IA
Veterans10.1%
90th
U.S. 6.2% · IA 6.5%152nd of 911 in IA
Self-employed workers14.7%
89th
U.S. 10% · IA 10.2%393rd of 911 in IA
Residents 65 and older19.4%
70th
U.S. 17.2% · IA 18.1%508th of 911 in IA
Poverty rate13.9%
65th
U.S. 12.5% · IA 11.1%190th of 909 in IA
Residents under 1823.7%
64th
U.S. 22% · IA 22.9%419th of 911 in IA
Median household income$81,250
52nd
U.S. $80,734 · IA $75,059322nd of 896 in IA
Median earnings per worker$47,228
47th
U.S. $49,666 · IA $47,712461st of 910 in IA
Per capita income$36,874
40th
U.S. $44,673 · IA $40,877537th of 911 in IA
Income inequality (Gini)0.411
30th
U.S. 0.483 · IA 0.444354th of 908 in IA
Foreign-born residents3%
18th
U.S. 14.1% · IA 5.9%234th of 911 in IA
Median gross rent$940
17th
U.S. $1,413 · IA $972213th of 771 in IA
Bachelor's degree or higher17.7%
15th
WeaknessU.S. 35.7% · IA 31.4%600th of 911 in IA
Housing vacancy3.2%
12th
U.S. 10.1% · IA 8.5%765th of 909 in IA
Median home value$159,000
11th
U.S. $332,700 · IA $208,000469th of 881 in IA
Tech workers0.7%
8th
U.S. 3.8% · IA 2.9%479th of 911 in IA
Diversity index10.6
4th
U.S. 61.4 · IA 31.4559th of 911 in IA
Unemployment rate1.4%
3rd
StrengthU.S. 5.2% · IA 3.6%590th of 911 in IA
Government workers6.6%
3rd
U.S. 14.5% · IA 14.5%809th of 911 in IA
Population density15/sq mi
2nd
U.S. 95/sq mi · IA 58/sq mi612th of 911 in IA
Healthcare workers3.8%
2nd
U.S. 9.7% · IA 9.2%802nd of 911 in IA
Population506
1st
U.S. 334,922,499 · IA 3,210,507672nd of 911 in IA
Average commute12.1 min
1st
StrengthU.S. 26.4 min · IA 19.8 min896th of 902 in IA
Work from home1.7%
1st
U.S. 15.1% · IA 11.3%839th of 911 in IA
Uninsured rate1%
1st
StrengthU.S. 8.4% · IA 5%793rd of 911 in IA

Measure	51562	Shelby	IA	U.S.	National percentile	Rank in IA
Rent-burdened rentersWeakness	96%	51.1%	43.9%	51.1%	99th	25th of 882
Median age	50.1	44.3	38.6	38.9	95th	177th of 911
Homeownership rateStrength	87.9%	77.8%	71.7%	65.2%	93rd	235th of 909
Broadband accessStrength	96.7%	88.3%	88.9%	91%	90th	43rd of 909
Veterans	10.1%	8.6%	6.5%	6.2%	90th	152nd of 911
Self-employed workers	14.7%	15.1%	10.2%	10%	89th	393rd of 911
Residents 65 and older	19.4%	23.1%	18.1%	17.2%	70th	508th of 911
Poverty rate	13.9%	7.6%	11.1%	12.5%	65th	190th of 909
Residents under 18	23.7%	22.9%	22.9%	22%	64th	419th of 911
Median household income	$81,250	$72,738	$75,059	$80,734	52nd	322nd of 896
Median earnings per worker	$47,228	$48,259	$47,712	$49,666	47th	461st of 910
Per capita income	$36,874	$40,510	$40,877	$44,673	40th	537th of 911
Income inequality (Gini)	0.411	0.447	0.444	0.483	30th	354th of 908
Foreign-born residents	3%	1.6%	5.9%	14.1%	18th	234th of 911
Median gross rent	$940	$783	$972	$1,413	17th	213th of 771
Bachelor's degree or higherWeakness	17.7%	24.1%	31.4%	35.7%	15th	600th of 911
Housing vacancy	3.2%	10.3%	8.5%	10.1%	12th	765th of 909
Median home value	$159,000	$164,000	$208,000	$332,700	11th	469th of 881
Tech workers	0.7%	1.4%	2.9%	3.8%	8th	479th of 911
Diversity index	10.6	16.4	31.4	61.4	4th	559th of 911
Unemployment rateStrength	1.4%	3.2%	3.6%	5.2%	3rd	590th of 911
Government workers	6.6%	15.4%	14.5%	14.5%	3rd	809th of 911
Population density	15/sq mi	20/sq mi	58/sq mi	95/sq mi	2nd	612th of 911
Healthcare workers	3.8%	9.1%	9.2%	9.7%	2nd	802nd of 911
Population	506	11,778	3,210,507	334,922,499	1st	672nd of 911
Average commuteStrength	12.1 min	18.5 min	19.8 min	26.4 min	1st	896th of 902
Work from home	1.7%	12.8%	11.3%	15.1%	1st	839th of 911
Uninsured rateStrength	1%	2.3%	5%	8.4%	1st	793rd of 911

The percentile is the share of Americans who live in a zip code with a lower value, so the 50th percentile is typical. Rank 1 is the highest value in the state. Both include zip codes with at least 100 residents. Strengths and weaknesses mark measures in the best or worst fifth nationally, where higher or lower is clearly better (income, poverty, education, commute, broadband, insurance and similar). Measures like age or density are left unmarked.

People

Age

Under 5

22%

5–17

18–24

25–34

12%

35–44

29%

45–54

55–64

65–74

12%

75+

Median age

50.1

Under 18

23.7%

65 and over

19.4%

Race and ethnicity

White94%
Black0%
Hispanic4%
Asian0%
Native American0%
Pacific Islander0%
Other1%
Multiracial0.4%

Diversity index

10.6

U.S. 61.4

Foreign-born

U.S. 14.1%

Born in state

69%

Language spoken at home (households)

English only

100%

Spanish

Other Indo-European

Asian / Pacific

Other

Households

Households: 215
Average household size: 2.4
Family households: 75.8%
Married couples: 74%
Living alone: 21.4%
Veterans (of adults): 10.1%
Male / female: 40% / 60%

Income and poverty

Household income distribution

<$25k

19%

$25–50k

19%

$50–75k

11%

$75–100k

$100–150k

29%

$150–200k

0.9%

$200k+

13%

Median household income

51562

$81,250

Shelby Co.

$72,738

Iowa

$75,059

United States

$80,734

Per capita income

$36,874

U.S. $44,673

Poverty rate

13.9%

U.S. 12.5%

Households earning $150K+

14%

U.S. 23%

Income inequality (Gini)

0.411

U.S. 0.483

Housing

Median home value

51562

$159,000

Shelby Co.

$164,000

Iowa

$208,000

United States

$332,700

Median gross rent

51562

$940

Shelby Co.

$783

Iowa

$972

United States

$1,413

Types of housing

Single-family

96%

2–4 units

5–19 units

20+ units

Mobile home

Boat, RV, van

Housing units: 222
Owner-occupied: 87.9%
Vacant: 3.2%
Median year built: 1939 or earlier
Median rooms: 7
Renters paying 30%+ of income: 96%
Renters paying 50%+ of income: 0%
Home value to income: 2.0× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

52%

Carpooled

0.7%

Transit

Walked

41%

Bicycle

Worked from home

Other

Commute time (one way)

<10 min

73%

10–19

10%

20–29

30–44

45–59

60+

Average commute

12.1 min

U.S. 26.4 min

Unemployment

1.4%

U.S. 5.2%

In labor force

68.9%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Management

27%

Cleaning and personal care

16%

Office and admin

11%

Production

10%

Transportation and moving

10%

Business and finance

Farming, fishing and forestry

Healthcare

Sales

Construction and repair

Education

Computer and math

0.7%

Engineering and science

Legal and social services

Arts, media and sports

Police and fire

Food service

Industries

Agriculture and mining

29%

Transportation, warehousing and utilities

22%

Other services

21%

Restaurants and hotels

Education

Health care and social assistance

Finance, insurance and real estate

Retail

Construction

Wholesale

Manufacturing

0.7%

Public administration

0.3%

Information

0.3%

Professional and technical services

Admin, support and management

Arts and recreation

Median earnings per worker

$47,228

U.S. $49,666

Self-employed

14.7%

U.S. 10%

Government workers

6.6%

U.S. 14.5%

Nonprofit workers

U.S. 8.8%

Median earnings by type of work

Type of work	51562	U.S.
Management, business, science and arts	$75,000	$74,888
Service	$46,067	$26,804
Sales and office	$71,250	$40,476
Construction and maintenance	$7,000	$49,199
Production and transportation	$35,179	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

0.8%

High school

51%

Some college

17%

Associate's

13%

Bachelor's

16%

Graduate

High school graduate or higher: 99.2%
Bachelor's degree or higher: 17.7%
Graduate or professional degree: 2%
Households with broadband: 96.7%
Cable, fiber or DSL: 80.9%
No internet access: 2.3%
Without health insurance: 1%
Limited-English households: 0%

Geography

City (USPS): Panama
State: Iowa
County: Shelby County
Center point: 41.7251° N, 95.4933° W
Land area: 34 sq mi
Water area: 0.1 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

Zip codes near 51562

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
51578	Westphalia, IA	5.1 mi	116	$77,292	$97,600
51530	Earling, IA	5.4 mi	809	$73,750	$163,800
51565	Portsmouth, IA	5.9 mi	516	$103,257	$182,100
51527	Defiance, IA	11 mi	362	$64,750	$123,400
51537	Harlan, IA	11 mi	6,382	$65,000	$166,800
51563	Persia, IA	12 mi	629	$69,297	$209,400
51579	Woodbine, IA	12 mi	2,282	$72,500	$204,400
51529	Dunlap, IA	12 mi	1,732	$61,599	$156,800
51528	Dow City, IA	13 mi	674	$63,173	$117,900
51570	Shelby, IA	14 mi	1,118	$77,708	$204,700
51546	Logan, IA	15 mi	3,114	$86,910	$207,900
51447	Kirkman, IA	16 mi	113	$68,214	$141,700

Questions about 51562

What city is zip code 51562?

51562 is assigned to Panama, Iowa. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 51562 in?

51562 is in Shelby County, Iowa.

What is the population of 51562?

About 506 people live in 51562, according to the Census Bureau's American Community Survey.

What time zone is 51562 in?

51562 is in Central Time.

What is the median household income in 51562?

The median household income in 51562 is $81,250.

What zip codes are near 51562?

The closest zip codes to 51562 are 51578, 51530, 51565, 51527, 51537.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 51562, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.