Median Income
$63,333
household / year
Median Home Value
$217,300
owner-occupied
Median Rent
$1,787
gross / month
Cost of Living
99
national avg = 100

Is Penney Farms, FL a Good Place to Live?

Penney Farms is a small town of 721 in Florida, with a median household income of $63,333 . Its cost of living index is 99 (US average = 100), which is 1% below the national average.

Strengths: Penney Farms stands out for below-average home prices, a well-educated population.

Trade-offs: No major red flags stand out in the available data. Whether Penney Farms is right for you depends on your priorities — the full breakdown is below.

All Penney Farms city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 99.2

Penney Farms's overall cost of living index is 99.2, where 100 represents the US national average. Living in Penney Farms costs roughly 1% less than the average American city.

Metric Penney Farms, FL National Avg
Median Home Value $217,300 $244,900
Median Monthly Rent $1,787 $1,163
Homeownership Rate 9.9% 65.9%
Median Household Income $63,333 $74,755

Crime & Safety

Crime data for Penney Farms is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Penney Farms, FL National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 49.5% 35.4%
High School Diploma or Higher 81.2% 91.1%

Weather & Climate

Penney Farms sees average highs of 68.3°F in January and 92.4°F in July, with 53.1 inches of annual precipitation .

MetricPenney Farms, FL
Average High — January68.3°F
Average High — July92.4°F
Annual Precipitation53.1"
Annual SnowfallTrace / None

Demographics

MetricPenney Farms, FLNational Avg
Population721—
Median Age76.538.9
Unemployment Rate0.0%3.7%
Avg Commute TimeN/A26 min
White (non-Hispanic)92.9%59.3%
Black or African American5.8%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1810.0%22.2%
65 and over73.8%16.8%

Nearby Cities

Asbury Lake, FL 5 mi Middleburg, FL 7 mi Green Cove Springs, FL 8 mi Fleming Island, FL 10 mi Lakeside, FL 11 mi

ZIP Codes in Penney Farms

Penney Farms, FL is covered by 1 ZIP code:

32079

Penney Farms vs Other Cities

Penney Farms, FL vs Asbury Lake, FL Penney Farms, FL vs Middleburg, FL Penney Farms, FL vs Green Cove Springs, FL Penney Farms, FL vs Fleming Island, FL Penney Farms, FL vs Lakeside, FL

Frequently Asked Questions

Penney Farms's cost of living index is 99, where 100 is the national average. That makes Penney Farms roughly 1% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $217,300 and median rent is $1,787/month.
Crime data for Penney Farms is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Penney Farms, FL has a population of 721, a median household income of $63,333, and an unemployment rate of 0.0%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Penney Farms averages 68.3°F in January and 92.4°F in July. Annual rainfall is 53.1 inches . Based on NOAA 30-year climate normals (1991–2020).
Penney Farms, FL is covered by 1 ZIP code: 32079.
The population of Penney Farms, Florida is 721 with a median age of 76.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Penney Farms: cost of living index 99 (100 = US average), median home $217,300, median household income $63,333. Whether these are benefits or drawbacks depends on where you're coming from — compare Penney Farms side by side with your current city to see the trade-offs.