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The total population of Penney Farms is estimated to be 721 with 314 males (43.55%) and 407 females (56.45%). There are 93 more females than males in Penney Farms.
The median household income in Penney Farms was $62,896 in 2021, which marked an a decrease of 714(1.12%) from $63,610 in 2020. This income is 84.30% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Penney Farms sees its highest median household income among householders in the age group of 65 years and over old, at $61,283. Overall, the median household income for the town of Penney Farms stands at $62,896.
In Penney Farms, the median income for all workers aged 15 years and older, regardless of work hours, was $49,368 for males and $27,530 for females. However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $74,154 for males, while data for females was unavailable due to an insufficient number of sample observations.
In Penney Farms, population is primarily represented by White households, reporting a median income of $62,896.
In 2022, the population of Penney Farms was 830, a 0.61% increase year-by-year from 2021. Previously, in 2021, Penney Farms's population was 825, an increase of 0.36% compared to a population of 822 in 2020.
The median age in Penney Farms, FL is 75.7, as per 2021 ACS 5-Year Estimates. Of the total population, 7.50% were under the age of 15, 9.71% aged 15 to 29, 15.00% aged 30 to 64, 45.29% aged 65 to 84, and 22.50% were 85 years of age and older.
Racial distribution of Penney Farms population: 95% are White and 5% are Black or African American.