Zip 32079 (Penney Farms, FL) Economy


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Penney Farms, FL (32079) is an ideal place to live with its affordable rent and grocery costs. The average rent for a two bedroom apartment in Penney Farms is $1,730, which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Penney Farms stands at 97 compared to the US average of 100. Residents of Penney Farms have several local options when it comes to renting and groceries. For rental options, residents can choose from premier companies such as Watson Realty Corp and A-AAAKey Mini Storage. When it comes to groceries, locals can visit the nearby Publix Super Markets or Save-A-Lot Food Stores.

Penney Farms (zip 32079) has an unemployment rate of 4.0%. The US average is 6.0%.

Penney Farms (zip 32079) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 46.1%, which is higher than the US average of 33.5%.

Tax Rates for Penney Farms (zip 32079)
- The Sales Tax Rate for Penney Farms (zip 32079) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Penney Farms (zip 32079) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Penney Farms (zip 32079)
- The average income of a Penney Farms (zip 32079) resident is $26,597 a year. The US average is $28,555 a year.
- The Median household income of a Penney Farms (zip 32079) resident is $52,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPenney Farms, FloridaUnited States
  46
  -3.9%-6.2%
  46.1%33.5%
  7.0%6.2%
  0.0%4.6%
  $28,657$37,638
  $52,500$69,021
  $59,231$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  28.6%10.0%
  0.0%2.5%
  28.6%11.0%
  42.9%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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