The municipal boundaries enclose an area of 11.5 square kilometres (4.4 sq mi) that ranges in elevation from 85 to 261 metres (279 to 856 ft) above sea level and is predominantly agricultural in character: the economy is largely based on the cultivation of cereals and grapes. Four distinct settlements are identified in the Statuto comunale as "historically recognised by the community"; these were also the four designated places for the 2001 census. Pecetto di Valenza itself, which stands at 212 metres (696 ft) above sea level and is the capoluogo of the commune, was the most populous with 499 of the commune’s 1,312 inhabitants. Pellizzari, at 407 metres (1,335 ft), had a population of 120. Gasperini, at 192 metres (630 ft), had 30 inhabitants and Molina, at 171 metres (561 ft), 16. A further 360 residents, 27 percent of the total, were counted in isolated dwellings such as farmhouses.