With 9,005 people, Economy is a city in Pennsylvania. At a median age of 50.7, this is an older place than the country as a whole. 94% of homes are owner-occupied. That puts it in the top 9% of US cities for household income. The foreign-born share is 2%. That is roughly 22% ahead of the Pennsylvania median.
At a glance
Wealthier
median household income $95,313, above the US median
US median: $82,259
Older
median age 50.7
US median: 38.9
Average education
37% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Economy
What changed most since 1990
Median age35.4 → 50.7(+15.3 years)US over the same years: +6.0 years
White share98.9% → 94.3%(−4.6 pts)US over the same years: −17.8 pts
Economy's population equals 5.4% of Beaver County's. Its number of households without a car equals 3.1% of the county's. Its number of residents living in poverty equals 3.6% of the county's.
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)19.6%(124)
US avg: 26.4%
Gulf War (1990s)15.7%(99)
US avg: 24.3%
Vietnam era44.5%(281)
US avg: 33.1%
Korean War9.2%(58)
US avg: 4.5%
World War II0%(0)
US avg: 1%
Share of the 632 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Economy, decade by decade
Economy population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
9,519
$84,732
$164,405
16.8%
2.7
2000
9,363
$95,539
$203,115
23.7%
5.0
2010
8,970
$100,530
$221,684
26.3%
6.1
2020
9,098
$95,213
$242,408
31.2%
15.8
2024
9,005
$95,313
$250,800
37.0%
13.5
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
