The ZIP code 62077 in Panama, Illinois has experienced fluctuations in population and population density over the past decade. The population peaked in 2014 at 82 residents, with a corresponding population density of 68.91 people per square mile. However, since then, the population has declined, reaching a low of 20 residents in 2020 and 2022, with a population density of 16.81 people per square mile.

Given the current population density of 16.81 people per square mile, the ZIP code area can be characterized as a remote rural area. Remote rural areas typically have population densities below 50 people per square mile and feature very sparse populations, minimal infrastructure, and limited services. The lifestyle in such areas is predominantly agricultural or undeveloped, with a focus on privacy and self-sustainability. Residents often engage in outdoor and recreational activities, taking advantage of the natural environment.

The estimated number of housing units corresponding to the 2022 population is approximately 7.66, based on the national average household size of 2.61 people per household. This low number of housing units further supports the characterization of the area as remote rural, where households typically occupy large expanses of land, often more than 5 acres.