Also See: Economy, IN ZIP Codes & ZIP Code Maps
The Town of Economy had a population of 163 as of July 1, 2020. Economy ranks in the upper quartile for Population Density and 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 39.9781 and longitude -85.088 in Wayne County. The formal boundaries for the Town of Economy 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.
|Total Population||163 (100%)|
|Population in Households||163 (100.0%)|
|Population in Families||142 (87.1%)|
|Population in Group Quarters1||0|
|Median Household Income||$50,000|
|Average Household Income||$77,384|
|% of Income for Mortgage4||9%|
|Per Capita Income||$29,451|
|Total HU (Housing Units)||78 (100%)|
|Owner Occupied HU||55 (70.5%)|
|Renter Occupied HU||8 (10.3%)|
|Vacant Housing Units||15 (19.2%)|
|Median Home Value||$106,250|
|Average Home Value||$136,161|
|Housing Affordability Index3||307|
|Average Household Size||2.59|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.79%|
|Per Capita Income||2.38%|
|Owner Occupied HU||-0.37%|
The table below compares Economy to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 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.
|Total Population||# 617||9th|
|Population Density||# 154||77th|
|Median Household Income||# 448||35th|
|Housing Affordability Index||# 473||70th|
|Per Capita Income||# 188||72nd|
|Diversity Index||# 666||2nd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.