Living in Penn Lake Park, Pennsylvania
Cost of living, income, home prices, rent and demographics of Penn Lake Park · Census data 2020–2024
Penn Lake Park has 376 residents with a median age of 52.7. The median household income is $87,159 (12% higher than the Pennsylvania median), the median home value is $243,800, the median rent is $1,875/month.
Penn Lake Park is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Penn Lake Park at a glance
- Population
- 376
- Median age
- 52.7State: 40.9
- Median household income
- $87,159State: $77,971
- Median home value
- $243,800State: $254,500
- Median rent
- $1,875/moState: $1,209
- Homeowners
- 93.8%
- Bachelor's degree or higher
- 38.9%
- Average commute
- 35 min
Is Penn Lake Park a good place to live?
Pros: Median household income 12% higher than the Pennsylvania median; home values 4% lower than the state median; unemployment of 3.7%; a poverty rate of 1.1%.
Cons: An average commute of 35 minutes.
The weather is best in June to September.
Cost of living in Penn Lake Park
Housing is the biggest part of the cost of living. In Penn Lake Park the median home value is $243,800, 27% lower than the U.S. median. Renters pay a median of $1,875 per month, which is 51% of household income. Homeowners with a mortgage pay $1,647 a month in housing costs.
Penn Lake Park median household income
The median household income in Penn Lake Park is $87,159 and the income per person is $50,949. 1.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Penn Lake Park: homes for sale and rent
- Housing units
- 296
- Owner-occupied
- 93.8%
- Renter-occupied
- 6.2%
- Vacant
- 40.2%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.12
40.2% of homes are vacant most of the year, a sign that Penn Lake Park has many vacation and second homes.
Penn Lake Park demographics
- Population
- 376
- Median age
- 52.7
- Under 18
- 17.8%
- 65 and older
- 34.3%
- Households
- 177
- Foreign-born
- 2.4%
- Veterans
- 13.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Penn Lake Park ›
Education in Penn Lake Park
38.9% of adults 25 and older in Penn Lake Park have a bachelor's degree or higher (Pennsylvania: 35.2%), and 19.1% have a graduate or professional degree.
Jobs and commute in Penn Lake Park
- Unemployment rate
- 3.7%State: 5.3%
- Average commute
- 35 minState: 26 min
- Work from home
- 14.8%
- Drive alone
- 75%
- Public transit
- 0.6%
- Walk to work
- 0%
- Homes with broadband
- 93.8%
Penn Lake Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penn Lake Park | 376 | $87,159 | $243,800 | $1,875 |
| Dennison | 1,081 | $102,143 | $212,000 | — |
| White Haven | 1,014 | $67,656 | $175,300 | $1,360 |
| Bear Creek Village | 628 | $160,962 | $412,700 | — |
| Fairview | 4,733 | $96,500 | $293,400 | $849 |
| Hickory Hills | 480 | $56,477 | $188,300 | — |
| Bear Creek | 2,776 | $88,333 | $250,200 | $816 |
| Wright | 5,762 | $124,000 | $295,100 | — |
| Mountain Top | 11,850 | $109,535 | $297,700 | $849 |
More for people moving to Penn Lake Park
Penn Lake Park ZIP code ›Weather and climate ›Living in Penn Lake Park: FAQ
What is the median household income in Penn Lake Park, PA?
The median household income in Penn Lake Park is $87,159, 12% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Penn Lake Park?
The median home value in Penn Lake Park is $243,800, compared with $254,500 in Pennsylvania.
How much is rent in Penn Lake Park?
The median gross rent in Penn Lake Park is $1,875 per month, about 51% of household income.
Is Penn Lake Park, PA a good place to live?
Pluses: median household income 12% higher than the Pennsylvania median; home values 4% lower than the state median; unemployment of 3.7%; a poverty rate of 1.1%. Minuses: an average commute of 35 minutes.
What is the median age in Penn Lake Park?
The median age in Penn Lake Park is 52.7 years (Pennsylvania: 40.9).
How long is the commute in Penn Lake Park?
The average commute to work in Penn Lake Park is 35 minutes; 14.8% of workers work from home.
What is the unemployment rate in Penn Lake Park?
The unemployment rate in Penn Lake Park is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penn Lake Park?
38.9% of adults in Penn Lake Park 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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