Living in Economy, Indiana
Cost of living, income, home prices, rent and demographics of Economy · Census data 2020–2024
Economy has 144 residents with a median age of 43.8. The median household income is $42,212 (41% lower than the Indiana median), the median home value is $56,100, the median rent is $708/month.
Economy is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Economy at a glance
- Population
- 144
- Median age
- 43.8State: 38.1
- Median household income
- $42,212State: $71,957
- Median home value
- $56,100State: $218,200
- Median rent
- $708/moState: $1,062
- Homeowners
- 89.1%
- Bachelor's degree or higher
- 13.5%
- Average commute
- 29 min
Is Economy a good place to live?
Pros: Home values 74% lower than the state median.
Cons: Median household income 41% lower than the Indiana median; an average commute of 29 minutes; unemployment of 5.9%; a poverty rate of 22.2%.
The weather is best in June to September.
Cost of living in Economy
Housing is the biggest part of the cost of living. In Economy the median home value is $56,100, 83% lower than the U.S. median. Renters pay a median of $708 per month, which is 17.5% of household income. Homeowners with a mortgage pay $900 a month in housing costs.
Economy median household income
The median household income in Economy is $42,212 and the income per person is $19,524. 22.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Economy: homes for sale and rent
- Housing units
- 68
- Owner-occupied
- 89.1%
- Renter-occupied
- 10.9%
- Vacant
- 19.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.62
Economy demographics
- Population
- 144
- Median age
- 43.8
- Under 18
- 32.6%
- 65 and older
- 20.8%
- Households
- 55
- Foreign-born
- 0%
- Veterans
- 15.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Economy ›
Education in Economy
13.5% of adults 25 and older in Economy have a bachelor's degree or higher (Indiana: 29.5%), and 5.2% have a graduate or professional degree.
Jobs and commute in Economy
- Unemployment rate
- 5.9%State: 4.3%
- Average commute
- 29 minState: 24 min
- Work from home
- 2.2%
- Drive alone
- 63%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.1%
Economy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Economy | 144 | $42,212 | $56,100 | $708 |
| Williamsburg | 510 | $77,500 | $96,500 | — |
| Modoc | 180 | $64,167 | $65,000 | $746 |
| Hagerstown | 1,642 | $56,484 | $119,600 | $661 |
| Losantville | 238 | $54,107 | $92,500 | $888 |
| Greens Fork | 436 | $74,875 | $96,300 | $1,063 |
| Mooreland | 493 | $60,714 | $94,200 | $982 |
| Fountain City | 702 | $47,802 | $96,200 | $671 |
| Lynn | 943 | $38,438 | $83,900 | $661 |
More for people moving to Economy
Economy ZIP code ›Weather and climate ›Living in Economy: FAQ
What is the median household income in Economy, IN?
The median household income in Economy is $42,212, 41% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Economy?
The median home value in Economy is $56,100, compared with $218,200 in Indiana.
How much is rent in Economy?
The median gross rent in Economy is $708 per month, about 17.5% of household income.
Is Economy, IN a good place to live?
Pluses: home values 74% lower than the state median. Minuses: median household income 41% lower than the Indiana median; an average commute of 29 minutes; unemployment of 5.9%; a poverty rate of 22.2%.
What is the median age in Economy?
The median age in Economy is 43.8 years (Indiana: 38.1).
How long is the commute in Economy?
The average commute to work in Economy is 29 minutes; 2.2% of workers work from home.
What is the unemployment rate in Economy?
The unemployment rate in Economy is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Economy?
13.5% of adults in Economy have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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