Panama, IL
- Elevation
- 593 ft USGS GNIS community points and 3DEP elevation · GNIS 2026-07-06; USGS 3DEP sampled 2026-07-23
- General Quality Overall rating out of 100
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About Panama
Panama is a quiet village sitting right on the border of Montgomery and Bond counties in south-central Illinois. Originally founded as a coal mining community along Shoal Creek in the early 1900s, the town keeps a neighborly, close-knit feel. Today, it offers a calm rural setting surrounded by open fields, timber, and winding creek bottoms. Living in Panama gives you wide-open space, low-stress surroundings, and affordable homes, with nearby hubs like Hillsboro, Greenville, and Litchfield just a short drive down the county road for everyday shopping, schools, and services.
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