United States › Pennsylvania › Economy CITY · 2020 ACS
Economy Pennsylvania · 9,098 residents · 17.9 sq mi
Time machine
COMPARE TO 1990 Census 2000 Census 2009 ACS 2010 ACS 2011 ACS 2012 ACS 2013 ACS 2014 ACS 2015 ACS 2016 ACS 2017 ACS 2018 ACS 2019 ACS 2021 ACS 2022 ACS 2023 ACS 2024 ACS
The short version
Economy is home to 9,098 people in Pennsylvania. At a median age of 51.2, this is an older place than the country as a whole. 94% of homes are owner-occupied. The foreign-born share is 2%. 95% were living in the same home a year earlier. Households here earn about 23% more than in Pennsylvania as a whole.
At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 51.2
US median: 38.8
Average education
31% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01
Population & growth from 41.6 in 2000
US average: 38.8
Population, 1990 – 2024
9K 9K 9K 9K 10K 1990 2000 2010 2020 2024 Economy Age distribution, 2020
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Section 02
Income & economy $78,556
Unchangedinflation adjusted, since 2000
from $52,446 in 2000
US average: $66,278
from $22,453 in 2000
US average: $35,364
Households earning $100K+
from 40.6% in 2009
US average: 43.9%
from 2.4% in 2000
US average: 12.8%
Workforce by industry, 2020
Professional, scientific, technical 8.6%
Public administration 5.3%
Transportation & warehousing 3.4%
Education & health services 1.4%
Arts, entertainment, food 1%
Agriculture, forestry, fishing 0.7%
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$200,000
+19%inflation adjusted, since 2000
from $111,500 in 2000
US average: $265,253
$744
−13%inflation adjusted, since 2000
from $570 in 2000
US average: $1,124
from 94.7% in 2000
6.1% rent
2.29 people
−12%since 2009
from 2.61 people in 2009
US average: 2.61
from 2.3 in 2009
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Section 04
Race & ethnicity 2000
White, non-Hispanic 98%(9,174)
Hispanic / Latino 0.4%(41)
2020
White, non-Hispanic 93.4%(8,498)
No data for the years selected.
Section 04 · Origins
Detailed origins & ancestry Ancestry
+ 20 more ancestry groups with data from 23.7% in 2000
US average: 32.9%
High school or higher
from 89.2% in 2000
US average: 88.5%
from 8.6% in 2000
US average: 12.7%
Section 06
Commute & transportation from 16.9 min in 2000
US average: 26.9
from 87.3% in 2009
US average: 75.1%
from 3.5% in 2009
US average: 8.4%
Section 07
Work & employment from 3.3% in 2011
US average: 5.4%
from 70.3% in 2011
US average: 63.4%
Women 20-64 in the labor force
US average: 73.3%
from 40.6% in 2009
US average: 39.3%
Section 08
People & community from 0.8% in 2009
US average: 13.5%
from 4.0% in 2013
US average: 8.8%
Computer in household
US average: 91.9%
Marital status (2024)
Men 15+
Never married 27.7%(1,092)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Section 09
Health coverage from 4.0% in 2013
US average: 8.8%
Direct-purchase
US average: 13.7%
VA health care
US average: 2.3%
Any private
US average: 68.1%
Any public
US average: 35.2%
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, 2020
Gulf War (2001 or later) 8.9%(65)
Share of the 733 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.
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Drill deeper
Places similar to Economy Head to head
Compare Economy to nearby cities ECONOMY VS
Aliquippa
Income $50,188 −36%
Home value $98,400 −51%
Population 9,002 −1%
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ECONOMY VS
Franklin Park
Income $176,875 +125%
Home value $485,600 +143%
Population 14,978 +65%
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ECONOMY VS
Carnot-Moon
Income $100,714 +28%
Home value $264,200 +32%
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ECONOMY VS
Beaver Falls
Income $49,924 −36%
Home value $92,100 −54%
Population 8,832 −3%
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Frequently asked
How many people live in Economy, Pennsylvania? Economy, Pennsylvania has about 9,098 residents according to the 2020 American Community Survey.
What is the median household income in Economy, Pennsylvania? The typical household in Economy, Pennsylvania earns about $78,556 a year. Half of households make more than that, and half make less.
Is Economy, Pennsylvania expensive? In Economy, Pennsylvania, the median home is worth about $200,000, and the typical rent is about $744 a month.
How educated are people in Economy, Pennsylvania? About 31.2% of adults age 25 and over in Economy, Pennsylvania hold a bachelor's degree or higher.
What is the poverty rate in Economy, Pennsylvania? About 5.3% of people in Economy, Pennsylvania live below the federal poverty line.
Has Economy, Pennsylvania grown since 1990? Yes, Economy, Pennsylvania has shrunk since 1990. The population has lost about 421 residents, a change of about -4 percent over that period.
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