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Penn Farms, Pennsylvania

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,508
Population
$89,867
Median Income
$348,900
Home Value
40.5
Median Age

Demographics

Penn Farms has a population of 2,508 with a median age of 40.5. Here is the racial and ethnic breakdown of the population:

White
90.4%
Asian
8.3%
Hispanic
1.2%
Demographic Value
Total Population2,508
Median Age40.5
White90.4%
Asian8.3%
Hispanic or Latino1.2%
Penn Farms, Pennsylvania — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 90.5%Asian: 8.3%Other: 1.2%2,508PopulationWhiteWhite90.5%AsianAsian8.3%OtherOther1.2%

Income & Economy

The median household income in Penn Farms is $89,867, which is 11.5% above the national median of $80,610. The per capita income is $55,787. The poverty rate is 3.9%.

$89,867
Median Household Income
$55,787
Per Capita Income
3.9%
Poverty Rate

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Education

In Penn Farms, 95.3% of residents age 25+ have a high school diploma or higher, and 58.1% hold a bachelor's degree or higher (31.5% with a graduate or professional degree).

HS Diploma+
95.3%
Bachelor's+
58.1%
Graduate+
31.5%
Education Level % of Adults (25+)
High School Diploma or Higher95.3%
Bachelor's Degree or Higher58.1%
Graduate or Professional Degree31.5%

Housing

The median home value in Penn Farms is $348,900, above the national median of $303,400. The median monthly rent is $1,063. The homeownership rate is 72.1%.

$348,900
Median Home Value
$1,063/mo
Median Rent
72.1%
Homeownership Rate
Housing Metric Value
Median Home Value$348,900
Median Monthly Rent$1,063
Homeownership Rate72.1%

Salaries in Pennsylvania

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Frequently Asked Questions

What is the population of Penn Farms, Pennsylvania?
The population of Penn Farms, Pennsylvania is 2,508 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Penn Farms, Pennsylvania?
The median household income in Penn Farms, Pennsylvania is $89,867. This is 11.5% above the national median of $80,610.
What is the median home value in Penn Farms, Pennsylvania?
The median home value in Penn Farms, Pennsylvania is $348,900. The median monthly rent is $1,063.
What percentage of people in Penn Farms have a college degree?
In Penn Farms, Pennsylvania, 58.1% of adults age 25 and older hold a bachelor's degree or higher, and 95.3% have a high school diploma or higher.
Is Penn Farms, Pennsylvania an affordable place to live?
The home price-to-income ratio in Penn Farms, Pennsylvania is 3.9x (median home value $348,900 vs. median income $89,867), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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