Living in Penn Valley, California
Cost of living, income, home prices, rent and demographics of Penn Valley · Census data 2020–2024
Penn Valley has 1,678 residents with a median age of 43.8. The median household income is $64,737 (35% lower than the California median), the median home value is $500,700, the median rent is $1,230/month.
Penn Valley at a glance
- Population
- 1,678
- Median age
- 43.8State: 37.9
- Median household income
- $64,737State: $99,122
- Median home value
- $500,700State: $734,700
- Median rent
- $1,230/moState: $2,036
- Homeowners
- 73.4%
- Bachelor's degree or higher
- 18.1%
- Average commute
- 51 min
Is Penn Valley a good place to live?
Pros: Home values 32% lower than the state median; unemployment of 0%; a poverty rate of 9.3%.
Cons: Median household income 35% lower than the California median; an average commute of 51 minutes.
The weather is best in May–June and September–October.
Cost of living in Penn Valley
Housing is the biggest part of the cost of living. In Penn Valley the median home value is $500,700, 50% higher than the U.S. median. Renters pay a median of $1,230 per month, which is 36.4% of household income. Homeowners with a mortgage pay $2,188 a month in housing costs.
Penn Valley median household income
The median household income in Penn Valley is $64,737 and the income per person is $44,052. 9.3% of residents live below the poverty line (California: 12%).
Housing in Penn Valley: homes for sale and rent
- Housing units
- 748
- Owner-occupied
- 73.4%
- Renter-occupied
- 26.6%
- Vacant
- 10.2%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.47
Penn Valley demographics
- Population
- 1,678
- Median age
- 43.8
- Under 18
- 19.3%
- 65 and older
- 34%
- Households
- 672
- Foreign-born
- 8%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Penn Valley ›
Education in Penn Valley
18.1% of adults 25 and older in Penn Valley have a bachelor's degree or higher (California: 37.1%), and 2.7% have a graduate or professional degree.
Jobs and commute in Penn Valley
- Unemployment rate
- 0%State: 6.6%
- Average commute
- 51 minState: 29 min
- Work from home
- 8.9%
- Drive alone
- 69%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 89.1%
Penn Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penn Valley | 1,678 | $64,737 | $500,700 | $1,230 |
| Lake Wildwood | 4,792 | $85,771 | $551,800 | $2,507 |
| Rough and Ready | 736 | $102,725 | $691,500 | $1,214 |
| Grass Valley | 14,113 | $51,764 | $482,200 | $1,458 |
| Alta Sierra | 7,361 | $105,603 | $563,700 | $2,254 |
| Nevada City | 3,172 | $75,792 | $677,400 | $1,411 |
| Beale AFB | 1,344 | $70,061 | — | $2,758 |
| Dobbins | 875 | $54,386 | $423,400 | — |
| Lake of the Pines | 5,461 | $121,682 | $664,300 | $2,399 |
More for people moving to Penn Valley
Penn Valley ZIP code ›Weather and climate ›Living in Penn Valley: FAQ
What is the median household income in Penn Valley, CA?
The median household income in Penn Valley is $64,737, 35% lower than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Penn Valley?
The median home value in Penn Valley is $500,700, compared with $734,700 in California.
How much is rent in Penn Valley?
The median gross rent in Penn Valley is $1,230 per month, about 36.4% of household income.
Is Penn Valley, CA a good place to live?
Pluses: home values 32% lower than the state median; unemployment of 0%; a poverty rate of 9.3%. Minuses: median household income 35% lower than the California median; an average commute of 51 minutes.
What is the median age in Penn Valley?
The median age in Penn Valley is 43.8 years (California: 37.9).
How long is the commute in Penn Valley?
The average commute to work in Penn Valley is 51 minutes; 8.9% of workers work from home.
What is the unemployment rate in Penn Valley?
The unemployment rate in Penn Valley is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penn Valley?
18.1% of adults in Penn Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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