Penn Farms, PA
Population 2,342 · Pennsylvania
About Penn Farms, PA
Penn Farms is a small town located in Pennsylvania with a population of 2,342 residents according to the latest US Census Bureau American Community Survey data. The median household income is $105,536 per year, which is 40% above the national median of $75,149. The median age of 37.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Penn Farms features a median home value of $329,200, which is 34% above the national median of $244,900. This positions Penn Farms in a moderately priced market relative to the rest of the country. Median monthly rent is $1,118, 4% below the national average of $1,163/month. Of the 890 total housing units, 74% are owner-occupied (662 units) and 26% are renter-occupied (228 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Penn Farms shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Penn Farms have an average one-way commute time of 20.3 minutes.
Education & Demographics
56.8% of Penn Farms residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 1.2% Hispanic or Latino, 1.0% Black or African American, and 0.0% Asian residents, with 6.4% of the population being foreign-born.
Cost of Living in Penn Farms, PA
Compared to national averages, Penn Farms has a median household income of $105,536 (40% above the national median of $75,149). Home values average $329,200, which is 34% above the national median. Monthly rent at $1,118 is 4% below the US average of $1,163. Within Pennsylvania, Penn Farms's income is 44% above the state average of $73,376, and home values are 72% above the state median of $190,903.
Why Live in Penn Farms, PA?
Penn Farms offers a strong local economy with a median household income of $105,536, well above the national average, and rent that’s lower than the national average at $1,118/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 56.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.3%, better than the national average, and short commute times averaging just 20.3 minutes.
Penn Farms has a population of 2,342 with a median age of 37.1 years. Compare Penn Farms with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Penn Farms
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bentleyville | 2,343 | $56,179 | $135,900 | Compare |
| The Hideout | 2,339 | $56,901 | $186,800 | Compare |
| Cetronia | 2,338 | $87,617 | $291,300 | Compare |
| Loop | 2,346 | $97,396 | $258,200 | Compare |
| Toftrees | 2,348 | $73,724 | $397,300 | Compare |
| Mount Union | 2,349 | $38,947 | $99,000 | Compare |
| Temple | 2,335 | $71,773 | $161,400 | Compare |
| Mount Holly Springs | 2,333 | $68,388 | $161,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Penn Farms With Other Cities
Frequently Asked Questions about Penn Farms
What is the population of Penn Farms, PA?
The population of Penn Farms, PA is 2,342 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Penn Farms?
The median household income in Penn Farms, PA is $105,536 per year, which is 40% above the national median of $75,149.
What is the median home value in Penn Farms?
The median home value in Penn Farms, PA is $329,200, which is 34% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Penn Farms?
The median monthly rent in Penn Farms, PA is $1,118, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Penn Farms?
The unemployment rate in Penn Farms, PA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Penn Farms, PA a good place to live?
Penn Farms offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,342 and a median age of 37.1, the city appeals to a broad range of residents.
How educated is Penn Farms, PA?
56.8% of residents in Penn Farms aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Penn Farms?
Key cost-of-living indicators for Penn Farms, PA: median home value is $329,200 (34% above national), median rent is $1,118/month, and median household income is $105,536. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Penn Farms?
The poverty rate in Penn Farms, PA is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Penn Farms, PA?
Penn Farms's population is 0.0% White, 1.2% Hispanic or Latino, 1.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 6.4% of residents are foreign-born.