Living in Penney Farms, Florida
Cost of living, income, home prices, rent and demographics of Penney Farms · Census data 2020–2024
Penney Farms has 642 residents with a median age of 81.1. The median household income is $52,500 (30% lower than the Florida median), the median home value is $230,800, the median rent is $1,946/month.
Penney Farms is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Penney Farms at a glance
- Population
- 642
- Median age
- 81.1State: 42.6
- Median household income
- $52,500State: $74,568
- Median home value
- $230,800State: $359,000
- Median rent
- $1,946/moState: $1,669
- Homeowners
- 15.3%
- Bachelor's degree or higher
- 49.7%
Is Penney Farms a good place to live?
Pros: Home values 36% lower than the state median; a poverty rate of 9.6%.
Cons: Median household income 30% lower than the Florida median.
The weather is best in March–April and November–December.
Cost of living in Penney Farms
Housing is the biggest part of the cost of living. In Penney Farms the median home value is $230,800, 31% lower than the U.S. median. Renters pay a median of $1,946 per month, which is 46.1% of household income. Homeowners with a mortgage pay — a month in housing costs.
Penney Farms median household income
The median household income in Penney Farms is $52,500 and the income per person is $35,841. 9.6% of residents live below the poverty line (Florida: 12.6%).
Housing in Penney Farms: homes for sale and rent
- Housing units
- 348
- Owner-occupied
- 15.3%
- Renter-occupied
- 84.7%
- Vacant
- 13.8%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 1.61
Penney Farms demographics
- Population
- 642
- Median age
- 81.1
- Under 18
- 0%
- 65 and older
- 91.1%
- Households
- 300
- Foreign-born
- 4.4%
- Veterans
- 18.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Penney Farms ›
Education in Penney Farms
49.7% of adults 25 and older in Penney Farms have a bachelor's degree or higher (Florida: 34.1%), and 27.6% have a graduate or professional degree.
Jobs and commute in Penney Farms
- Unemployment rate
- 0%State: 4.8%
- Average commute
- —State: 28 min
- Work from home
- 6.7%
- Drive alone
- 50%
- Public transit
- 0%
- Walk to work
- 23.3%
- Homes with broadband
- 84.3%
Penney Farms vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penney Farms | 642 | $52,500 | $230,800 | $1,946 |
| Asbury Lake | 14,458 | $100,949 | $329,600 | $2,172 |
| Middleburg | 11,644 | $74,634 | $254,600 | $1,093 |
| Green Cove Springs | 10,044 | $75,142 | $371,000 | $1,114 |
| Fleming Island | 29,766 | $116,611 | $422,400 | $1,935 |
| Lakeside | 32,105 | $81,684 | $273,900 | $1,479 |
| Oakleaf Plantation | 32,070 | $108,543 | $351,200 | $2,058 |
| Fruit Cove | 35,877 | $141,863 | $484,000 | $2,336 |
| Orange Park | 9,055 | $77,106 | $313,100 | $1,429 |
More for people moving to Penney Farms
Penney Farms ZIP code ›Weather and climate ›Living in Penney Farms: FAQ
What is the median household income in Penney Farms, FL?
The median household income in Penney Farms is $52,500, 30% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Penney Farms?
The median home value in Penney Farms is $230,800, compared with $359,000 in Florida.
How much is rent in Penney Farms?
The median gross rent in Penney Farms is $1,946 per month, about 46.1% of household income.
Is Penney Farms, FL a good place to live?
Pluses: home values 36% lower than the state median; a poverty rate of 9.6%. Minuses: median household income 30% lower than the Florida median.
What is the median age in Penney Farms?
The median age in Penney Farms is 81.1 years (Florida: 42.6).
What is the unemployment rate in Penney Farms?
The unemployment rate in Penney Farms is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penney Farms?
49.7% of adults in Penney Farms 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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