Economy, IN

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Population

133

11.3% decline

Median Age

50.1


Median Household Income

$36,563

0.863% growth

Poverty Rate

11.3%


Number of Employees

69

6.76% decline

Median Property Value

$71,500

7.84% growth

About

In 2017, Economy, IN had a population of 133 people with a median age of 50.1 and a median household income of $36,563. Between 2016 and 2017 the population of Economy, IN declined from 150 to 133, a -113% decrease and its median household income grew from $36,250 to $36,563, a 0.863% increase.

The population of Economy, IN is 95.5% White Alone, 3.76% Hispanic or Latino, and 0.752% Two or More Races. 0% of the people in Economy, IN speak a non-English language, and 100% are U.S. citizens.

The median property value in Economy, IN is $71,500, and the homeownership rate is 89.1%. Most people in Economy, IN commute by Drove Alone, and the average commute time is 25.9 minutes. The average car ownership in Economy, IN is 2 cars per household.

Economy

The economy of Economy, IN employs 69 people. The largest industries in Economy, IN are Health Care & Social Assistance (19 people), Educational Services (8 people), and Transportation & Warehousing (6 people), and the highest paying industries are Transportation & Warehousing, & Utilities ($53,750), Transportation & Warehousing ($53,750), and Educational Services ($51,250).

Median household income in Economy, IN is $36,563. Males in Economy, IN have an average income that is 1.39 times higher than the average income of females, which is $42,677. The income inequality in Economy, IN (measured using the Gini index) is 0.456, which is lower than than the national average.

Wages

Median Household Income

$36,563

2017 value

± $9,969

0.863%

1 Year Growth

± 34.4%

Households in Economy, IN have a median annual income of $36,563, which is less than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $36,250 in 2016, which represents a 0.863% annual growth.

Look at the chart to see how the median household income in Economy, IN compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

The PUMS dataset is not available at the place level, so we are showing data for the Indiana.

$59,508

Average Male Salary

± $1,197

$42,677

Average Female Salary

± $917

In 2017, full-time male employees in Economy, IN made 1.39 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in Economy, IN by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

The PUMS dataset is not available at the place level, so we are showing data for the Indiana.

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $60,595 ± $7,828

  2. White

    $45,279 ± $744

  3. Native Hawaiian and Other Pacific Islander

    $41,920 ± $17,388

In 2017 the highest paid race/ethnicity of Economy, IN workers was Asian. These workers were paid 1.34 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in Economy, IN by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Economy, IN is from Indiana.

0.456

2017 Wage GINI

0.457

2016 Wage GINI

In 2017, the income inequality in Indiana was 0.456 according to the GINI calculation of the wage distribution. Income inequality had a 0.0682% decline from 2016 to 2017, which means that wage distribution grew somewhat more even.

The 2017 the GINI for Indiana was lower than than the national average of 0.479. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

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

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 103

  2. N/A

  3. N/A

In 2017, the place with the highest Median Household Income (Total) in Economy, IN was Census Tract 103 with a value of $47,220, followed by N/A and N/A, with respective values of N/A and N/A.

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

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Poverty by Age and Gender

Females 18 - 24

Largest Demographic Living in Poverty

11.3% of the population for whom poverty status is determined in Economy, IN (15 out of 133 people) live below the poverty line, a number that is lower than the national average of 13.4%. The largest demographic living in poverty are Females 18 - 24, followed by Females 45 - 54 and then Males < 5.

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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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    14 ± 53

  2. Two Or More

    1 ± 55

  3. Black

    0 ± 56

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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Occupations

Employment by Occupations

69

2017 Value

± 58

-6.76%

1 Year decline

± 124%

From 2016 to 2017, employment in Economy, IN declined at a rate of -6.76%, from 74 employees to 69 employees.

The most common job groups, by number of people living in Economy, IN, are Office & Administrative Support Occupations (9 people), Production Occupations (8 people), and Building & Grounds Cleaning & Maintenance Occupations (8 people). This chart illustrates the share breakdown of the primary jobs held by residents of Economy, IN.

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Most Common

The most common jobs held by residents of Economy, IN, by number of employees, are Office & Administrative Support Occupations (9 people), Production Occupations (8 people), and Building & Grounds Cleaning & Maintenance Occupations (8 people).

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Most Specialized

Compared to other places, Economy, IN has an unusually high number of residents working as Farming, Fishing, & Forestry Occupations (10.7 times higher than expected), Law Enforcement Workers Including Supervisors (4.5 times), and Building & Grounds Cleaning & Maintenance Occupations (2.95 times).

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Highest Paid

The highest paid jobs held by residents of Economy, IN, by median earnings, are Education, Legal, Community Service, Arts, & Media Occupations ($52,500), Education, Training, & Library Occupations ($52,500), and Management, Business, Science, & Arts Occupations ($52,188).

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Industries

Employment by Industries

69

2017 Value

± 58

-6.76%

1 Year decline

± 124%

From 2016 to 2017, employment in Economy, IN declined at a rate of -6.76%, from 74 employees to 69 employees.

The most common employment sectors for those who live in Economy, IN, are Health Care & Social Assistance (19 people), Educational Services (8 people), and Transportation & Warehousing (6 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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Most Common

The most common industries in Economy, IN, by number of employees, are Health Care & Social Assistance (19 people), Educational Services (8 people), and Transportation & Warehousing (6 people).

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Most Specialized

Compared to other places, Economy, IN has an unusually high number of Agriculture, Forestry, Fishing & Hunting (6.13 times higher than expected), Transportation & Warehousing (2.04 times), and Health Care & Social Assistance (1.99 times) industries.

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Highest Paying

The highest paying industries in Economy, IN, by median earnings, are Transportation & Warehousing, & Utilities ($53,750), Transportation & Warehousing ($53,750), and Educational Services ($51,250).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Indiana to other states, or from other states to Indiana.

Top Domestic Production in Dollars

  1. $69.1B

  2. $42.9B

  3. $39.9B

In 2015, the top outbound Indiana product (by dollars) was Motorized vehicles with $69.1B, followed by Base metals with $42.9B and Mixed freight and $39.9B.

The following chart shows the share of these products in relation to all outbound Indiana products.

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Domestic Trade Growth

Showing data for Indiana state.

$446B

2015 Value

$698B

Projected 2045 Value

56.6% growth

In 2015, total outbound Indiana trade was $446B. This is expected to increase 56.6% to $698B by 2045.

The following chart shows how the domestic outbound Indiana trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Indiana to other states, or from other states to Indiana.

Most Common Trade Partners

  1. $39.9B

  2. $32.7B

  3. $31.7B

In 2015, the top outbound Indiana domestic partner for goods and services (by dollars) was Ohio with $39.9B, followed by Michigan with $32.7B and Illinois and $31.7B.

The following map shows the amount of trade that Indiana shares with each state (excluding itself).

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Health

88% of the population of Economy, IN has health coverage, with 42.9% on employee plans, 3.76% on Medicaid, 25.6% on Medicare, 11.3% on non-group plans, and 4.51% on military or VA plans.

Per capita personal health care spending in the place of Economy, IN was $8,300 in 2014. This is a 4.76% increase from the previous year ($7,923).

Primary care physicians in Economy, IN see 1505 patients per year on average, which represents a 1.07% increase from the previous year (1489 patients). Compare this to dentists who see 1852 patients per year, and mental health providers who see 701 patients per year.

Comparing across all counties in the state, Jay County has the highest prevalence of diabetes (15.4%). Additionally, Grant County has the highest prevalence of adult obesity (39.1%)

Patient to Clinician Ratios

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

1505 to 1

Primary Care Physicians

Primary care physicians in Indiana see an average of 1505 patients per year. This represents a 1.07% increase from the previous year (1489 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Indiana in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

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

$8,300

Total Per Capita Spending on Personal Health Care 

$4,078

Per Enrollee Private Health Insurance Spending on Personal Health Care

$8,285

Per Enrollee Medicaid Spending on Personal Health Care

$10,714

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in Indiana (including private, Medicare, and Medicaid) grew 4.76%, from $7,923 to $8,300.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

12%

Uninsured

42.9%

Employer Coverage

3.76%

Medicaid

25.6%

Medicare

11.3%

Non-Group

4.51%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Economy, IN grew by 20.3% from 10% to 12%.

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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Health Risks

Data available at the county level.

Most at risk counties

  1. 15.4% prevalence

  2. 15.1% prevalence

  3. 15% prevalence

Jay County has the highest prevalence of diabetes in Indiana, at 15.4%.

The following map shows the prevalence of diabetes in Indiana by county over multiple years.

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Diversity

Economy, IN is home to a population of 133 people, from which 100% are citizens. As of 2017, 0% of Economy, IN residents were born outside of the country.

The ethnic composition of the population of Economy, IN is composed of 127 White Alone residents (95.5%), 5 Hispanic or Latino residents (3.76%), 1 Two or More Races residents (0.752%), 0 Asian Alone residents (0%), 0 Native Hawaiian & Other Pacific Islander Alone residents (0%), 0 American Indian & Alaska Native Alone residents (0%), 0 Black or African American Alone residents (0%), and 0 Some Other Race Alone residents (0%).

The most common foreign languages spoken in Economy, IN are Other & Unspecified Languages (0 speakers), French (Incl. Patois, Cajun) (0 speakers), and French Creole (0 speakers).

Age

Age by Nativity

N/A

Median Native-Born Age

± N/A

N/A

Median Foreign-Born Age

± N/A

In 2017, the median age of all people in Economy, IN was 50.1. Native-born citizens, with a median age of N/A, were generally N/A than foreign-born citizens, with a median age of N/A. But people in Economy, IN are getting getting older. In 2016, the average age of all Economy, IN residents was 46.

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Heritage

Foreign-Born Population

0%

2017 Foreign-Born Population

0%

2016 Foreign-Born Population

As of 2017, 0% of Economy, IN residents were born outside of the United States, which is lower than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Economy, IN was 0%, meaning that the rate has been maintaining.

The following chart shows the percentage of foreign-born residents in Economy, IN compared to that of it's neighboring and parent geographies.

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Global Diversity

Most Common Origin

  1. Mexico

    106,451 ± 7,946 people

  2. India

    28,953 ± 4,168 people

  3. China

    22,599 ± 3,684 people

In 2017, the most common birthplace for the foreign-born residents of Economy, IN was Mexico, the natal country of 106,451 Economy, IN residents, followed by India with 28,953 and China with 22,599.

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Citizenship

100%

2017 Citizenship

100%

2016 Citizenship

As of 2017, 100% of Economy, IN residents were US citizens, which is higher than the national average of 93.1%. In 2016, 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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Race and Ethnicity

Most Common

  1. White Alone

    127 ± 40

  2. Hispanic or Latino

    5 ± 27.8

  3. Two or More Races

    1 ± 11.4

In 2017, there were 25.4 times more White Alone residents (127 people) in Economy, IN than any other race or ethnicity. There were 5 Hispanic or Latino and 1 Two or More Races residents, the second and third most common racial or ethnic groups.

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

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Non-English Speakers

Most Common Languages

  1. Other & Unspecified Languages

    0 speakers (0%)

  2. French (Incl. Patois, Cajun)

    0 speakers (0%)

  3. French Creole

    0 speakers (0%)

0% of Economy, IN citizens are speakers of a non-English language, which is lower than the national average of 21.5%. In 2015, the most common non-English language spoken in Economy, IN was Other & Unspecified Languages. 0% of the overall population of Economy, IN are native Other & Unspecified Languages speakers. 0% speak French (Incl. Patois, Cajun) and 0% speak Other & Unspecified Languages, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    12 ± 19

  2. Gulf War (2001-)

    1 ± 16

  3. Gulf War (1990s)

    1 ± 11

Economy, IN has a large population of military personnel who served in Vietnam, 12 times greater than any other conflict.

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Housing & Living

The median property value in Economy, IN was $71,500 in 2017, which is 0.329 times smaller than the national average of $217,600. Between 2016 and 2017 the median property value increased from $66,300 to $71,500, a 7.84% increase. The homeownership rate in Economy, IN is 89.1%, which is higher than the national average of 63.9%. People in Economy, IN have an average commute time of 25.9 minutes, and they commute by Drove Alone. Car ownership in Economy, IN is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$36,563

Median Household Income

± $9,969

55

Number of Households

± 30

In 2017, the median household income of the 55 households in Economy, IN grew to $36,563 from the previous year's value of $36,250.

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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Housing

Property Value

$71,500

2017 Median

± $8,448

$66,300

2016 Median

± $4,154

In 2017, the median property value in Economy, IN grew to to $71,500 from the previous year's value of $66,300.

The following charts display, first, the property values in Economy, IN compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Economy, IN the largest share of households have a property value in the $70k - $80k range.

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Property Taxes

< $800

Average Range

This chart shows the households in Economy, IN 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.

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Rent vs Own

89.1%

2017 Homeownership

91.8%

2016 Homeownership

In 2017, 89.1% of the housing units in Economy, IN were occupied by their owner. This percentage declined from the previous year's rate of 91.8%.

This percentage of owner-occupation is higher than the national average of 63.9%. This chart shows the ownership percentage in Economy, IN compared it's parent and neighboring geographies.

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Transportation

Car Ownership

2 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 2 cars, followed by 3 cars.

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Commute Time

25.9 minutes

Average Travel Time

Using averages, employees in Economy, IN have a longer commute time (25.9 minutes) than the normal US worker (25.1 minutes). Additionally, 5.97% 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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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    94%

  2. Carpooled

    5.97%

  3. Public Transit

    0%

In 2017, the most common method of travel for workers in Economy, IN was Drove Alone, followed by those who Carpooled and those who Public Transit.

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