Economy, IN Profile: Facts, Map & Data

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Economy, Indiana - Basic Facts

Real Estate Resources

The Town of Economy had a population of 162 as of July 1, 2017. Economy ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Economy is located at latitude 39.9773 and longitude -85.0868 in Wayne County. The formal boundaries for the Town of Economy (see map below) encompass a land area of 0.09 sq. miles and a water area of 0 sq. miles. Wayne County is in the Eastern time zone (GMT -5). The elevation is 1,155 feet.

The Town of Economy (GNIS ID: 2396919) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Economy is located within Township of Perry, a minor civil division (MCD) of Wayne County.

Beneath the boundary map are tables with Economy population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.


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Town of Economy, IN Boundary Map



Also See: BIG Map | Driving Directions | IN Congressional Districts
Boundary Maps: Township of Perry | Wayne County | Indiana Counties

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Economy, IN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 162
Daytime Population: Workers 10
Daytime Population: Residents 77
Total Daytime Population (TDP) 87
Ratio TDP/Total Population1 0.54
Population in Households 162
Population in Familes 142
Population in Group Qrtrs 0
Population Density2 1,806
Diversity Index3 4
 

INCOME

Median Household Income $44,109
Average Household Income $75,196
Per Capita Income $27,895

HOUSING

Total Housing Units 77 (100%)
Owner Occupied HU 55 (71.4%)
Renter Occupied HU 8 (10.4%)
Vacant Housing Units 14 (18.2%)
Median Home Value $159,091
Average Home Value $183,036
 

HOUSEHOLDS

Total Households 63
Average Household Size 2.57
Family Households 49
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.34% -0.63%
Households -0.22% -0.64%
Families 2.49% -0.83%
Median Household Income   3.17%
Per Capita Income   4.75%

Economy, IN - Peer Comparisons by Rank and Percentile

The table below compares Economy to the other 680 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 620 9th
Population Density # 179 74th
Diversity Index # 654 4th
Median Household Income # 466 32nd
Per Capita Income # 152 78th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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