Living in Penn, Pennsylvania
Cost of living, income, home prices, rent and demographics of Penn · Census data 2020–2024
Penn has 10,422 residents with a median age of 44.7. The median household income is $87,620 (12% higher than the Pennsylvania median), the median home value is $320,500, the median rent is $1,436/month.
Penn at a glance
- Population
- 10,422
- Median age
- 44.7State: 40.9
- Median household income
- $87,620State: $77,971
- Median home value
- $320,500State: $254,500
- Median rent
- $1,436/moState: $1,209
- Homeowners
- 76%
- Bachelor's degree or higher
- 28.6%
- Average commute
- 25 min
Is Penn a good place to live?
Pros: Median household income 12% higher than the Pennsylvania median; an average commute of 25 minutes; unemployment of 0.8%; a poverty rate of 4.7%.
Cons: Home values 26% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Penn
Housing is the biggest part of the cost of living. In Penn the median home value is $320,500, 4% lower than the U.S. median. Renters pay a median of $1,436 per month, which is 26.6% of household income. Homeowners with a mortgage pay $1,766 a month in housing costs.
Penn median household income
The median household income in Penn is $87,620 and the income per person is $45,190. 4.7% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Penn: homes for sale and rent
- Housing units
- 4,594
- Owner-occupied
- 76%
- Renter-occupied
- 24%
- Vacant
- 3.9%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.32
Penn demographics
- Population
- 10,422
- Median age
- 44.7
- Under 18
- 19.5%
- 65 and older
- 24.3%
- Households
- 4,417
- Foreign-born
- 1%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Penn ›
Education in Penn
28.6% of adults 25 and older in Penn have a bachelor's degree or higher (Pennsylvania: 35.2%), and 12.2% have a graduate or professional degree.
Jobs and commute in Penn
- Unemployment rate
- 0.8%State: 5.3%
- Average commute
- 25 minState: 26 min
- Work from home
- 14%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 89.2%
Penn vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penn | 10,422 | $87,620 | $320,500 | $1,436 |
| Penryn | 1,257 | $63,545 | $282,000 | $1,054 |
| Manheim | 5,027 | $81,273 | $246,400 | $1,149 |
| Elizabeth | 3,979 | $99,583 | $307,000 | $1,125 |
| Lititz | 9,619 | $88,576 | $299,900 | $1,364 |
| Rapho | 12,149 | $86,716 | $319,700 | $1,556 |
| Cornwall | 4,623 | $107,583 | $333,700 | $3,023 |
| Brickerville | 1,257 | $74,167 | $276,100 | $879 |
| Warwick | 19,234 | $104,013 | $338,200 | $1,496 |
More for people moving to Penn
Penn ZIP code ›Weather and climate ›Living in Penn: FAQ
What is the median household income in Penn, PA?
The median household income in Penn is $87,620, 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?
The median home value in Penn is $320,500, compared with $254,500 in Pennsylvania.
How much is rent in Penn?
The median gross rent in Penn is $1,436 per month, about 26.6% of household income.
Is Penn, PA a good place to live?
Pluses: median household income 12% higher than the Pennsylvania median; an average commute of 25 minutes; unemployment of 0.8%; a poverty rate of 4.7%. Minuses: home values 26% higher than the state median.
What is the median age in Penn?
The median age in Penn is 44.7 years (Pennsylvania: 40.9).
How long is the commute in Penn?
The average commute to work in Penn is 25 minutes; 14% of workers work from home.
What is the unemployment rate in Penn?
The unemployment rate in Penn is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penn?
28.6% of adults in Penn 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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