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The total population of Pennville is estimated to be 683 with 382 males (55.93%) and 301 females (44.07%). There are 81 less females than males in Pennville.
The median household income in Pennville was $49,107 in 2021, which marked an a decrease of 1,129(2.25%) from $50,236 in 2020. This income is 65.82% 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, Pennville sees its highest median household income among householders in the age group of 25 to 44 years old, at $76,846. Overall, the median household income for the town of Pennville stands at $49,107.
In Pennville, the median income for all workers aged 15 years and older, regardless of work hours, was $43,575 for males and $19,956 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,776 for males and $37,366 for females.
In Pennville, population is primarily represented by White households, reporting a median income of $49,200.
In 2022, the population of Pennville was 617, a 0.32% decrease year-by-year from 2021. Previously, in 2021, Pennville's population was 619, a decline of 0.64% compared to a population of 623 in 2020.
The median age in Pennville, IN is 38.5, as per 2021 ACS 5-Year Estimates. Of the total population, 17.48% were under the age of 15, 21.52% aged 15 to 29, 50.24% aged 30 to 64, 8.56% aged 65 to 84, and 2.20% were 85 years of age and older.
Racial distribution of Pennville population: 91.08% are White, 0.24% are Asian and 8.68% are multiracial.