|Elevation||737 ft (225 m)|
|Area||0.20 sq mi (1 km2)|
|- land||0.20 sq mi (1 km2)|
|- water||0.00 sq mi (0 km2)|
|Density||163.5 / sq mi (63 / km2)|
|- summer (DST)||CDT (UTC-5)|
|Wikimedia Commons: Panola, Illinois|
|This section does not cite any references or sources. (April 2012)|
The name "Panola" was fabricated by J.B. Calhoun, land commissioner of the Illinois Central Railroad, by arbitrarily combining single consonants and vowels (Stewart, pg. 362). This idea of where the name Panola came from is an urban legend. Many Woodford County history books repeat this legend, but other editions including the 1954 El Paso Story have it right. The name Panola was indeed assigned by an official of the Illinois Central Railroad, but the railroad also passes through Panola County, Mississippi and there are several municipalities in the southern U.S. named Panola. Panola is a Native American word for cotton.
Because of its aging population and apparent lack of enthusiasm for others to be involved in operation of the local government, in 2004 the village board of Panola attempted to unincorporate the town. Only one other town in Illinois had successfully unincorporated previously. Of the 33 residents at the time, 27 had voting rights. The measure failed 16 to 11. It needed a majority to pass.
Panola is located at (40.785072, -89.020942).
According to the 2010 census, the village has a total area of 0.20 square miles (0.52 km2), all land.
As of the 2010 census there were 45 residents of Panola. The median age of the population was 44. 1 resident reported being both black and white and one resident reported being Hispanic or Latino, while the remaining 42 residents were non-Hispanic whites.
As of the census of 2000, there were 33 people, 13 households, and 11 families residing in the village. The population density was 163.5 people per square mile (63.7/km²). There were 14 housing units at an average density of 69.4 per square mile (27.0/km²). The racial makeup of the village was 93.94% White, and 6.06% Asian.
There were 13 households out of which 23.1% had children under the age of 18 living with them, 84.6% were married couples living together, 7.7% had a female householder with no husband present, and 7.7% were non-families. No households were made up of individuals and none had someone living alone who was 65 years of age or older. The average household size was 2.54 and the average family size was 2.58.
In the village the population was spread out with 15.2% under the age of 18, 3.0% from 18 to 24, 27.3% from 25 to 44, 30.3% from 45 to 64, and 24.2% who were 65 years of age or older. The median age was 46 years. For every 100 females there were 94.1 males. For every 100 females age 18 and over, there were 100.0 males.
The median income for a household in the village was $41,875, and the median income for a family was $40,625. Males had a median income of $47,500 versus $26,250 for females. The per capita income for the village was $24,259. None of the population and none of the families were below the poverty line.
- "US Gazetteer files: 2010, 2000, and 1990". United States Census Bureau. 2011-02-12. Retrieved 2011-04-23.
- "2010 Census U.S. Gazetteer Files for Places – Illinois". United States Census. Retrieved 2012-10-13.
- 2010 general profile of population and housing characteristics of Panola from the United States census
- "American FactFinder". United States Census Bureau. Retrieved 2008-01-31.
- George R. Stewart. Names on the Land. Houghton Mifflin Company:Boston (1967).