Economy, IN

Census Place

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2023 Population
150
14.5% 1-year growth
2023 Median Age
46.7
21.9% 1-year increase
2023 Poverty Rate
20%
74.7% 1-year increase
2023 Median Household Income
$44,063
11.9% 1-year decline
2023 Median Property Value
$50,000
16.7% 1-year decline
2023 Employed Population
59
10.6% 1-year decline

About

In 2023, Economy, IN had a population of 150 people with a median age of 46.7 and a median household income of $44,063. Between 2022 and 2023 the population of Economy, IN grew from 131 to 150, a 14.5% increase and its median household income declined from $50,000 to $44,063, a −11.9% decrease.

The 5 largest ethnic groups in Economy, IN are White (Non-Hispanic) (96.7%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (3.33%), Black or African American (Non-Hispanic) (0%), American Indian & Alaska Native (Non-Hispanic) (0%), and Asian (Non-Hispanic) (0%).

None of the households in Economy, IN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

100% of the residents in Economy, IN are U.S. citizens.

In 2023, the median property value in Economy, IN was $50,000, and the homeownership rate was 91.5%.

Most people in Economy, IN drove alone to work, and the average commute time was 33.1 minutes. The average car ownership in Economy, IN was 3 cars per household.

United States

Population & Diversity

Economy, IN is home to a population of 150 people, from which 100% are citizens. As of 2023, 0% of Economy, IN residents were born outside of the country (0 people).

In 2023, there were 29 times more White (Non-Hispanic) residents (145 people) in Economy, IN than any other race or ethnicity. There were 5 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 0 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%
2023 Citizenship
100%
2022 Citizenship

As of 2023, 100% of Economy, IN residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Economy, IN was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Economy, IN compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Economy, IN
  1. White (Non-Hispanic)
    145 ± 60
  2. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    5 ± 9
  3. Black or African American (Non-Hispanic)
    0 ± 13

In 2023, there were 29 times more White (Non-Hispanic) residents (145 people) in Economy, IN than any other race or ethnicity. There were 5 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 0 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

The following chart shows the 8 races represented in Economy, IN as a share of the total population.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    11 ± 22
  2. Gulf War (2001-)
    6 ± 16
  3. Korea
    0 ± 18

Economy, IN has a large population of military personnel who served in Vietnam, 1.83 times greater than any other conflict.

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Economy

The economy of Economy, IN employs 59 people. In 2023, the largest industries in Economy, IN were Manufacturing (14 people), Health Care & Social Assistance (14 people), and Other Services, Except Public Administration (7 people), and the highest paying industries were Educational Services ($65,000), Other Services Except Public Administration ($41,875), and Manufacturing ($41,750).

Employment

Occupations

59
2023 Value
± 79
−10.6%
1 Year decline
± 199%

From 2022 to 2023, employment in Economy, IN declined at a rate of −10.6%, from 66 employees to 59 employees.

The most common job groups, by number of people living in Economy, IN, are Production Occupations (11 people), Building & Grounds Cleaning & Maintenance Occupations (10 people), and Transportation Occupations (6 people). This chart illustrates the share breakdown of the primary jobs held by residents of Economy, IN.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for N/A.

This chart shows weekly unemployment insurance claims in N/A (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

59
2023 Value
± 79
−10.6%
1 Year decline
± 199%

From 2022 to 2023, employment in Economy, IN declined at a rate of −10.6%, from 66 employees to 59 employees.

The most common employment sectors for those who live in Economy, IN, are Manufacturing (14 people), Health Care & Social Assistance (14 people), and Other Services, Except Public Administration (7 people). This chart shows the share breakdown of the primary industries for residents of Economy, IN, though some of these residents may live in Economy, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$40,833
Median earning men ± $1,830
$35,313
Median earning women ± $7,767

The industries with the best median earnings for men in 2023 are Manufacturing ($41,750), Public Administration ($N/A), and Other Services Except Public Administration ($N/A).

The industries with the best median earnings for women in 2023 are Educational Services, & Health Care & Social Assistance ($35,313), Public Administration ($N/A), and Other Services Except Public Administration ($N/A).

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Civics

are the senators currently representing the state of the United States. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New, North, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode, South, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West, Wisconsin, and Wyoming is currently represented by 433 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Senator Elections

US Senators from the United States

Senatorial voting results are only available at the state level. Showing data for the United States.
Senator from N/AN/A
  1. N/AN/A
    N/A
  2. N/AN/A
    N/A

are the senators currently representing the United States.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in the United States over time, excluding special elections, colored by their political party.

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US Representative Elections

US Representatives from Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New, North, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode, South, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West, Wisconsin, and Wyoming

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New, North, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode, South, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West, Wisconsin, and Wyoming is currently represented by 433 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New, North, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode, South, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West, Wisconsin, and Wyoming have changed over time starting in 2008.

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Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

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Working Population

Educational Pyramid

Data is only available at the state level. Showing data for Indiana.
Measure

In 2023, 0.886% of men over 25 years of age had not completed any academic degree (no schooling), while 0.865% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

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Educational Attainment

Data is only available at the state level. Showing data for Indiana.
Race

The most common educational levels obtained by the working population in 2023 were High School or Equivalent (1.75M), Some college (1.11M), and Bachelors Degree (901k).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

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Housing & Living

The median property value in Economy, IN was $50,000 in 2023, which is 0.165 times smaller than the national average of $303,400. Between 2022 and 2023 the median property value increased from $60,000 to $50,000, a 16.7% decrease. The homeownership rate in Economy, IN is 91.5%, which is higher than the national average of 65%.

People in Economy, IN have an average commute time of 33.1 minutes, and they drove alone to work. Car ownership in Economy, IN is higher than the national average, with an average of 3 cars per household.

Housing

Property

$50,000
Median Property Value 2023
±$33,887
$54
Median Property Taxes
±$40

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Economy, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Economy, IN compared to it's parent and neighbor geographies.

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Rent vs Own

91.5%
Homeownership
2023
66%
Homeowners with Mortgage
2023

In 2023, 91.5% of the housing units in Economy, IN were occupied by their owner. This percentage grew from the previous year's rate of 74.1%.

This chart shows the percentage of owner in Economy, IN compared it's parent and neighboring geographies.

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Equity

Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity

The following map shows all of the places in Economy, IN colored by their Median Household Income (Total).

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$44,063
Median Household Income
± $18,317
59
Number of Households
± 36

In 2023, the median household income of the 59 households in Economy, IN declined from $44,063 from the previous year's value of $50,000.

The following chart displays the households in Economy, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $30k - $35k range.

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Wage Distribution

The closest comparable wage GINI for Economy, IN is from Economy, IN.
N/A Wage GINI in N/A
  1. N/A
  2. N/A

In N/A, the income inequality in N/A was N/A according to the GINI calculation of the wage distribution. Income inequality had a N/A N/A from N/A to N/A, which means that wage distribution grew somewhat N/A even. The GINI for N/A was N/A than the national average of 0.476. In other words, wages are distributed N/A evenly in N/A in comparison to the national average.

This chart shows the number of workers in Economy, IN across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2023
  1. Drove Alone (63.6%)
  2. Carpooled (34.5%)
  3. Worked At Home (1.82%)

In 2023, 63.6% of workers in Economy, IN drove alone to work, followed by those who carpooled to work (34.5%) and those who worked at home (1.82%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

33.1 minutes
Average Travel Time

Using averages, employees in Economy, IN have a longer commute time (33.1 minutes) than the normal US worker (26.6 minutes). Additionally, 0% of the workforce in Economy, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Economy, IN compares to that of it's neighboring and parent geographies.

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Car Ownership

3 cars
Average Number

The following chart displays the households in Economy, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Economy, IN have 3 cars.

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Poverty

Poverty & Diversity

20% of the population for whom poverty status is determined in Economy, IN (30 out of 150 people) live below the poverty line, a number that is higher than the national average of 12.4%. The largest demographic living in poverty are Females 45 - 54, followed by Males 16 - 17 and then Males 35 - 44.

The most common racial or ethnic group living below the poverty line in Economy, IN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

94% of the population of Economy, IN has health coverage, with 26.7% on employee plans, 27.3% on Medicaid, 16.7% on Medicare, 18.7% on non-group plans, and 4.67% on military or VA plans.

Primary care physicians in N/A see N/A patients per year on average, which represents a N/A N/A from the previous year (N/A patients). Compare this to dentists who see N/A patients per year, and mental health providers who see N/A patients per year.

By gender, of the total number of insured persons, 50.7% were men and 49.3% were women.

Coverage

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 22% under 18 years, 7.33% between 18 and 34 years, 41.3% between 35 and 64 years, and 29.3% over 64 years.

By gender, of the total number of insured persons, 50.7% were men and 49.3% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

6%
Uninsured
26.7%
Employer Coverage
27.3%
Medicaid
16.7%
Medicare
18.7%
Non-Group
4.67%
Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Economy, IN declined by 21.4% from 7.63% to 6%.

The following chart shows how the percent of uninsured individuals in Economy, IN changed over time compared with the percent of individuals enrolled in various types of health insurance.

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