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Economy, IN&

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Population
150
7.98% decline
Median Age
45.5
Median Household Income
$36,250
5.94% growth
Poverty Rate
18.7%
Number of Employees
74
8.64% decline
Median Property Value
$66,300
4.25% growth

Economy

The economy of Economy, IN employs 74 people. The economy of Economy, IN is specialized in Agriculture, Forestry, Fishing, Hunting; Transportation & Warehousing; and Educational Services, which employ respectively 6.22; 1.95; and 1.88 times more people than what would be expected in a location of this size. The largest industries in Economy, IN are Healthcare & Social Assistance (16), Educational Services (13), and Manufacturing (11), and the highest paying industries are Educational Services ($49,375), Healthcare & Social Assistance ($17,188), and Transportation & Warehousing ($2,499).

Median household income in Economy, IN is $36,250. Males in Economy, IN have an average income that is 1.45 times higher than the average income of females, which is $34,176. The income inequality of Economy, IN (measured using the Gini index) is 0.442 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Economy, IN. In Wayne County, IN the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 56 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $10,140. Lake County, IN has the highest prevalence of homicides of any county in Indiana.

Coverage

Clinician to Patient Ratios

Showing data across all counties in Indiana.

Insurance Coverage by Age and Gender

Medicare Enrollment and Reimbursements by Location

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Diversity

Economy, IN is home to a population of 150 people, from which 100% are citizens. The ethnic composition of the population of Economy, IN is composed of 145 White residents (96.7%), 4 Hispanic residents (2.67%), 1 Two+ residents (0.67%), 0 Other residents (N/A), and 0 Hawaiian residents (N/A). The most common foreign languages in Economy, IN are Spanish (0 speakers), French (0 speakers), and French Creole (0 speakers), but compared to other places, Economy, IN has a relative high number of French (0 speakers), French Creole (0 speakers), and Spanish (0 speakers).

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Veterans

Education

In 2015 universities in Wayne, Fayette, Rush & Union Counties PUMA, IN awarded 1,012 degrees. The student population of Wayne, Fayette, Rush & Union Counties PUMA, IN is skewed towards females, with 359 male students and 653 female students. Most students in Wayne, Fayette, Rush & Union Counties PUMA, IN are White (840 and 83%), followed by Black or African American (39 and 3.85%), Hispanic or Latino (32 and 3.16%), and Unknown (18 and 1.78%). The largest universities in Wayne, Fayette, Rush & Union Counties PUMA, IN by number of graduates are Indiana University-East (752 and 74.3%), Earlham College (221 and 21.8%), and PJ's College of Cosmetology-Richmond (22 and 2.17%). The most popular majors in Wayne, Fayette, Rush & Union Counties PUMA, IN are General Business (177 and 17.5%), Registered Nursing (146 and 14.4%), and Other Liberal Arts & Sciences, General Studies, & Humanities (74 and 7.31%). The median tuition costs in Wayne, Fayette, Rush & Union Counties PUMA, IN are $44,370 for private four year colleges, and $6,478 and $18,088 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Economy, IN is $66,300, which is 0.32 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $63,600 to $66,300, a 4.25% increase. The homeownership rate of Economy, IN is 91.8%, which is higher than the national average of 63.6%. People in Economy, IN have an average commute time of 22.9 minutes, and they commute by Drove Alone. Car ownership in Economy, IN is higher than the national average, with an average of 3 cars per household.

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Commuter Transportation

Keep Exploring

United States
nation
Indiana
state
Wayne County
county
Richmond, IN
metropolitan statistical area
Wayne, Fayette, Rush & Union Counties PUMA
public use microdata area
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