Penney Farms is a town in

Clay County Clay County is the name of 18 counties in the United States. Most are named for Henry Clay, U.S. Senator and statesman: * Clay County, Alabama * Clay County, Arkansas (named for John Clayton, and originally named Clayton County) * Clay County, Fl ...

Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to ...

, United States. The population was 749 at the 2010 census.

History

In 1926, department store pioneer J. C. Penney founded the community of Penney Farms. He planned to develop an experimental farming village. The state of Florida incorporated the town in 1927. The real estate decline and

stock market crash A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often foll ...

caused Penney to scale back his ambitions to a community for retired ministers in honor of his father. Today, the Penney Retirement Community is a home to Christian laypeople as well as clergy and missionaries.

Geography

Penney Farms is located near the geographic center of Clay County at . State Road 16 leads east to

Green Cove Springs Green Cove Springs is a city in and the county seat of Clay County, Florida, United States. The population was 5,378 at the 2000 census. As of 2010, the population recorded by the U.S. Census Bureau was 6,908. The city is named after the porti ...

, the county seat, and west to Starke. According to the

United States Census Bureau The United States Census Bureau (USCB), officially the Bureau of the Census, is a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy. The Census Bureau is part of t ...

, the town has a total area of , all land.

Demographics

As of the

census A census is the procedure of systematically acquiring, recording and calculating information about the members of a given population. This term is used mostly in connection with national population and housing censuses; other common censuses in ...

of 2000, there were 580 people, 266 households, and 171 families residing in the town. The population density was . There were 290 housing units at an average density of . The racial makeup of the town was 90.86%

White White is the lightest color and is achromatic (having no hue). It is the color of objects such as snow, chalk, and milk, and is the opposite of black. White objects fully reflect and scatter all the visible wavelengths of light. White o ...

, 8.28%

African American African Americans (also referred to as Black Americans and Afro-Americans) are an ethnic group consisting of Americans with partial or total ancestry from sub-Saharan Africa. The term "African American" generally denotes descendants of ens ...

, 0.17% Asian, and 0.69% from two or more races.

Hispanic The term ''Hispanic'' ( es, hispano) refers to people, cultures, or countries related to Spain, the Spanish language, or Hispanidad. The term commonly applies to countries with a cultural and historical link to Spain and to viceroyalties forme ...

Latino Latino or Latinos most often refers to: * Latino (demonym), a term used in the United States for people with cultural ties to Latin America * Hispanic and Latino Americans in the United States * The people or cultures of Latin America; ** Latin A ...

of any race were 0.34% of the population. There were 266 households, out of which 6.0% had children under the age of 18 living with them, 57.5% were married couples living together, 5.3% had a female householder with no husband present, and 35.7% were non-families. 33.5% of all households were made up of individuals, and 28.2% had someone living alone who was 65 years of age or older. The average household size was 1.83 and the average family size was 2.23. Penney Farms FL entr sign01

In the town, the population was spread out, with 5.7% under the age of 18, 1.9% from 18 to 24, 6.4% from 25 to 44, 10.2% from 45 to 64, and 75.9% who were 65 years of age or older. The median age was 76 years. For every 100 females, there were 64.8 males. For every 100 females age 18 and over, there were 61.4 males. The median income for a household in the town was $37,344, and the median income for a family was $46,875. Males had a median income of $31,875 versus $31,250 for females. The

per capita income Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population. Per capita i ...

for the town was $23,929. About 8.1% of families and 16.4% of the population were below the

poverty line The poverty threshold, poverty limit, poverty line or breadline is the minimum level of income deemed adequate in a particular country. The poverty line is usually calculated by estimating the total cost of one year's worth of necessities for t ...

, including 41.7% of those under age 18 and 11.5% of those age 65 or over.

Notable people

* Meinhardt Raabe, actor * E. Urner Goodman, Boy Scouts of America

References

External links

Town of Penney Farms official website

Archive of previous official town website

Penney Farms Retirement Community
{{authority control Towns in Clay County, Florida Towns in the Jacksonville metropolitan area Towns in Florida