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The total population of Economy is estimated to be 9,063 with 4,493 males (49.58%) and 4,570 females (50.42%). There are 77 more females than males in Economy.
The median household income in Economy was $90,407 in 2021, which marked an an increase of 1,392(1.56%) from $89,015 in 2020. This income is 121.18% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Economy sees its highest median household income among householders in the age group of 45 to 64 years old, at $113,753. Overall, the median household income for the borough of Economy stands at $90,407.
In Economy, the median income for all workers aged 15 years and older, regardless of work hours, was $56,438 for males and $28,342 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $76,957 for males and $57,018 for females.
In Economy, population is primarily represented by White households, reporting a median income of $90,586.
In 2022, the population of Economy was 8,973, a 0.74% decrease year-by-year from 2021. Previously, in 2021, Economy's population was 9,040, a decline of 0.45% compared to a population of 9,081 in 2020.
The median age in Economy, PA is 50.7, as per 2021 ACS 5-Year Estimates. Of the total population, 13.61% were under the age of 15, 13.89% aged 15 to 29, 46.65% aged 30 to 64, 22.71% aged 65 to 84, and 3.14% were 85 years of age and older.
Racial distribution of Economy population: 95.27% are White, 1.05% are Black or African American, 0.14% are American Indian and Alaska Native, 0.04% are Asian, 1% are some other race and 2.48% are multiracial.