This data is based on ZIP codes 14710, 14767.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Panama ZIP Area Economy · 2023
Wages +5% vs. avg. Chautauqua Co. town
Panama's ZIP area supports 294 jobs across 71 businesses, with workers earning an average of $47K per year, 5% above the Chautauqua County average. The economy is well-diversified (0.89 index), led by construction and other services. 94.4% of businesses have fewer than 20 employees, and each business employs an average of 4.1 people. Jobs declined 16% from the prior year while business count grew 12.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Chautauqua Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
71 businesses by employee count. 94.4% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Economic Densityi
0.65
jobs per resident
4.1
employees per business
County avg: 13.9-70%
$31K
payroll per resident
$196K
payroll per business
Panama ZIP Area vs. Avg. Chautauqua Co. Towni
All Industries in ZIP Areai
| Sector | Panama ZIP | Avg. Chautauqua Co. | Spec. |
|---|---|---|---|
| Construction | 21 | 21 | 4.0x |
| Other Services | 10 | 40 | 1.0x |
| Retail Trade | 7 | 46 | 0.6x |
| Manufacturing | 6 | 18 | 1.3x |
| Food & Accommodation | 4 | 33 | 0.5x |