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Penney Farms, Florida

town · Clay County

At a glance

642
Population
$230,800
Median home value (all homes)
24% below U.S. median
$337,847
Typical market value
Zillow, county-wide, 2026-07
$1,946/mo
Median rent
44% above U.S. median
$52,500
Median household income
33% below U.S. median
84.3%
Homes with broadband
7.9%
Locations with fiber available
0%
Unemployment

Cost of living (Clay Affordability Index)

CAI 93 — 7% below the national average. how it's computed

Housing6% below
Goods & services2% below
Utilities8% below
Taxes63% below
Insurance49% above
Commute cost3% below
No natural gas service in this area — most homes heat with electricity or propane.
For business: Florida is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college22 mi
Nearest community college12 mi
Nearest technical college10 mi
High school graduates91.9%
College graduates49.7%

Doing business here

Economic development contacts, most local first:

county Clay Economic Development Corporation
Clay County Economic Development Corporation provides concierge services for expanding or relocating companies in Clay County, Florida, with a mission to recruit new businesses, retain and grow existing ones, create high-wage jobs, diversify the local economy, and improve the business climate.
state Enterprise Florida
Florida-based economic development organization page offering business development, export resources, and international trade information, with contact details for a regional business development team.
state Florida Economic Development Council
Florida Economic Development Council is a Florida-based economic development organization with a board of directors and staff, offering membership, advocacy, events, and professional development for Florida's economic development professionals.
State sales taxYes
State income taxNone
Right-to-work stateYes

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