Economy, PA

Census Place

2024 Population

9,005

US Senator

John Fetterman

Democratic Party

US Senator

Dave McCormick

Republican Party

2024 Median Age

50.7

0.197% 1-year decrease

2024 Poverty Rate

6.51%

50.9% 1-year increase

2024 Median Household Income

$95,313

0.935% 1-year growth

2024 Median Property Value

$250,800

Population & Diversity

Economy, PA is home to a population of 9.01k people, from which 99.8% are citizens.

As of 2024, 2.14% of Economy, PA residents were born outside of the country (193 people).

In 2024, there were 43.6 times more White (Non-Hispanic) residents (8.5k people) in Economy, PA than any other race or ethnicity. There were 195 Two Races Including Other (Non-Hispanic) and 166 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.8%

2024 Citizenship

99.7%

2023 Citizenship

As of 2024, 99.8% of Economy, PA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Economy, PA was 99.7%, meaning that the rate of citizenship has been increasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Economy, PA

White (Non-Hispanic)
8.5k ± 248
Two Races Including Other (Non-Hispanic)
195 ± 190
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
166 ± 95

0.4%

Hispanic Population

36 people

0.4% of the people in Economy, PA are hispanic (36 people).

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

Global Diversity

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

Most Common Origin

Dominican Republic
103,235 ± 7,857 people
India
102,082 ± 7,813 people
China
73,024 ± 6,616 people

In 2024, the most common birthplace for the foreign-born residents of Pennsylvania was Dominican Republic, the natal country of 103,235 Pennsylvania residents, followed by India with 102,082 and China with 73,024.

Foreign-Born Population

2.14%

2024 Foreign-Born Population

193 people

2.82%

2023 Foreign-Born Population

255 people

As of 2024, 2.14% of Economy, PA residents (193 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Economy, PA was 2.82%, meaning that the rate has been decreasing.

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

Military

Veterans

Most Common Service Period

Vietnam
281 ± 105
Gulf War (2001-)
124 ± 68
Korea
58 ± 76

Economy, PA has a large population of military personnel who served in Vietnam, 2.27 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Economy, PA.

Economy

The economy of Economy, PA employs 4.58k people. In 2024, the largest industries in Economy, PA were Health Care & Social Assistance (841 people), Manufacturing (536 people), and Professional, Scientific, & Technical Services (457 people), and the highest paying industries were Information ($117,109), Professional, Scientific, & Technical Services ($108,750), and Public Administration ($95,667).

Employment

Occupations

4.58k

2024 Value

± 401

−5.75%

1 Year decline

± 12.8%

From 2023 to 2024, employment in Economy, PA declined at a rate of −5.75%, from 4.85k employees to 4.58k employees.

The most common job groups, by number of people living in Economy, PA, are Office & Administrative Support Occupations (586 people), Management Occupations (557 people), and Business & Financial Operations Occupations (395 people). This chart illustrates the share breakdown of the primary jobs held by residents of Economy, PA.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Pennsylvania (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.

Industries

Employment by Industries

4.58k

2024 Value

± 401

−5.75%

1 Year decline

± 12.8%

From 2023 to 2024, employment in Economy, PA declined at a rate of −5.75%, from 4.85k employees to 4.58k employees.

The most common employment sectors for those who live in Economy, PA, are Health Care & Social Assistance (841 people), Manufacturing (536 people), and Professional, Scientific, & Technical Services (457 people). This chart shows the share breakdown of the primary industries for residents of Economy, PA, though some of these residents may live in Economy, PA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$64,232

Median earning men ± $5,693

$53,841

Median earning women ± $3,957

The industries with the best median earnings for men in 2024 are Public Administration ($103,750), Professional, Scientific, & Management, & Administrative & Waste Management Services ($94,722), and Wholesale Trade ($86,576).

The industries with the best median earnings for women in 2024 are Manufacturing ($74,750), Professional, Scientific, & Management, & Administrative & Waste Management Services ($66,200), and Educational Services, & Health Care & Social Assistance ($59,388).

Housing & Living

The median property value in Economy, PA was $250,800 in 2024, which is 0.754 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $244,700 to $250,800, a 2.49% increase. The homeownership rate in Economy, PA is 94.4%, which is higher than the national average of 65.2%.

People in Economy, PA have an average commute time of 29.2 minutes, and they drove alone to work. Car ownership in Economy, PA is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$250,800

Median Property Value 2024

±$11,715

$3,577

Median Property Taxes

±$316

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, PA the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

94.4%

Homeownership

2024

59.5%

Homeowners with Mortgage

2024

In 2024, 94.4% of the housing units in Economy, PA were occupied by their owner. This percentage grew from the previous year's rate of 93.7%.

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

Equity

Household Income

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

$95,313

Median Household Income

± $14,828

3.79k

Number of Households

± 375

In 2024, the median household income of the 3.79k households in Economy, PA grew to $95,313 from the previous year's value of $94,430.

The following chart displays the households in Economy, PA 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 $60k - $75k range.

Wage Distribution

The closest comparable wage GINI for Economy, PA is from Pennsylvania.

0.463

2024 Wage GINI in Pennsylvania

0.463

2023 Wage GINI in Pennsylvania

In 2024, the income inequality in Pennsylvania was 0.463 according to the GINI calculation of the wage distribution. Income inequality had a 0.0903% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Pennsylvania was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Pennsylvania in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (73.7%)
Worked At Home (18.6%)
Carpooled (5.77%)

In 2024, 73.7% of workers in Economy, PA drove alone to work, followed by those who worked at home (18.6%) and those who carpooled to work (5.77%).

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.

Commute Time

29.2 minutes

Average Travel Time

Using averages, employees in Economy, PA have a longer commute time (29.2 minutes) than the normal US worker (26.4 minutes). Additionally, 1.89% of the workforce in Economy, PA have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

The following chart displays the households in Economy, PA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Economy, PA have 2 cars.

Poverty

Poverty & Diversity

6.51% of the population for whom poverty status is determined in Economy, PA (586 out of 9k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males < 5, followed by Females < 5 and then Males 35 - 44.

The most common racial or ethnic group living below the poverty line in Economy, PA 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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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