Living in Economy, Pennsylvania
Cost of living, income, home prices, rent and demographics of Economy · Census data 2020–2024
Economy has 9,005 residents with a median age of 50.7. The median household income is $95,313 (22% higher than the Pennsylvania median), the median home value is $250,800, the median rent is $1,009/month.
Economy at a glance
- Population
- 9,005
- Median age
- 50.7State: 40.9
- Median household income
- $95,313State: $77,971
- Median home value
- $250,800State: $254,500
- Median rent
- $1,009/moState: $1,209
- Homeowners
- 94.4%
- Bachelor's degree or higher
- 37%
- Average commute
- 29 min
Is Economy a good place to live?
Pros: Median household income 22% higher than the Pennsylvania median; home values about the same as the state median; unemployment of 3.3%; a poverty rate of 6.5%.
Cons: An average commute of 29 minutes.
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 $250,800, 25% lower than the U.S. median. Renters pay a median of $1,009 per month, which is 28.7% of household income. Homeowners with a mortgage pay $1,713 a month in housing costs.
Economy median household income
The median household income in Economy is $95,313 and the income per person is $49,651. 6.5% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Economy: homes for sale and rent
- Housing units
- 3,939
- Owner-occupied
- 94.4%
- Renter-occupied
- 5.6%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.38
Economy demographics
- Population
- 9,005
- Median age
- 50.7
- Under 18
- 15.6%
- 65 and older
- 28.1%
- Households
- 3,790
- Foreign-born
- 2.1%
- Veterans
- 8.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Economy ›
Education in Economy
37% of adults 25 and older in Economy have a bachelor's degree or higher (Pennsylvania: 35.2%), and 14.1% have a graduate or professional degree.
Jobs and commute in Economy
- Unemployment rate
- 3.3%State: 5.3%
- Average commute
- 29 minState: 26 min
- Work from home
- 18.6%
- Drive alone
- 73.7%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 92.2%
Economy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Economy | 9,005 | $95,313 | $250,800 | $1,009 |
| Baden | 3,843 | $63,400 | $150,400 | $646 |
| Harmony | 3,149 | $70,926 | $153,400 | $1,041 |
| Conway | 2,195 | $66,029 | $178,600 | $894 |
| Bell Acres | 1,468 | $165,987 | $437,500 | $1,098 |
| Ambridge Heights | 1,501 | $72,930 | $161,600 | $882 |
| Marshall | 10,226 | $165,099 | $509,900 | $2,253 |
| Pine Run | 1,067 | $77,386 | $210,000 | $1,657 |
| Aliquippa | 9,079 | $50,188 | $98,400 | $821 |
More for people moving to Economy
Economy ZIP code ›Weather and climate ›Living in Economy: FAQ
What is the median household income in Economy, PA?
The median household income in Economy is $95,313, 22% higher than the Pennsylvania median of $77,971 (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 $250,800, compared with $254,500 in Pennsylvania.
How much is rent in Economy?
The median gross rent in Economy is $1,009 per month, about 28.7% of household income.
Is Economy, PA a good place to live?
Pluses: median household income 22% higher than the Pennsylvania median; home values about the same as the state median; unemployment of 3.3%; a poverty rate of 6.5%. Minuses: an average commute of 29 minutes.
What is the median age in Economy?
The median age in Economy is 50.7 years (Pennsylvania: 40.9).
How long is the commute in Economy?
The average commute to work in Economy is 29 minutes; 18.6% of workers work from home.
What is the unemployment rate in Economy?
The unemployment rate in Economy is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Economy?
37% 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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