Economy, Pennsylvania Population 2024

8,921

Economy is a city located in Allegheny County and Beaver County Pennsylvania. Economy has a 2024 population of 8,921. Economy is currently declining at a rate of -0.46% annually and its population has decreased by -1.79% since the most recent census, which recorded a population of 9,084 in 2020.

The average household income in Economy is $116,638 with a poverty rate of 5%. The median age in Economy is 50.9 years: 50.7 years for males, and 51.2 years for females.

Economy Demographics

According to the most recent ACS, the racial composition of Economy was:

  • White: 94.02%
  • Two or more races: 3.66%
  • Black or African American: 1.26%
  • Other race: 0.88%
  • Native American: 0.12%
  • Asian: 0.06%
  • Native Hawaiian or Pacific Islander: 0%
Land Area (mi²)
17.9 sq mi
Density (mi²)
499.20/sq mi
Growth Since 2020
-1.79% (-163)
The current population of Economy, Pennsylvania is 8,921 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 9,084.

Population by Race

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Race
Population
Percentage (of total)
White8,52194.02%
Two or more races3323.66%
Black or African American1141.26%
Other race800.88%
Native American110.12%
Asian50.06%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Black or African American

Other race

Native American

Asian

Native Hawaiian or Pacific Islander

Economy Population by Race

Economy Population Pyramid 2024

Economy Median Age

50.9

Total

50.7

Male

51.2

Female

Economy Adults

There are 7,617 adults, (2,524 of whom are seniors) in Economy.

Economy Age Dependency

78

Age Dependency Ratio

49.6

Old Age Dependency Ratio

28.4

Child Dependency Ratio

Economy Sex Ratio

Female4,57050.42%
Male4,49349.58%

Economy Population by Age

Economy Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All3,7502.42937
Married2,3972.897.62.4
Non Family1,0331.2283.716.3
Female2333.1786.713.3
Male874.06928

2.8

Average Family Size

2.42

Average Household Size

93.0%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Economy Households and Families

Male

Female

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Education Attained
Count
Percentage
9th to 12th Grade1562.16%
Associates Degree99713.77%
Bachelors Degree1,63622.6%
Graduate Degree97513.47%
High School Graduate2,24431%
Less Than 9th Grade751.04%
Some College1,15515.96%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Economy Educational Attainment by Sex (over 25)

Economy Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Race
Total
High School
Bachelors
White6,9136,6982,571
2+ Races12512526
Hispanic114980
Black888814
Other Race80800
Asian550

The highest rate of high school graduation is among black people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 37.19%.

Economy Educational Attainment by Race

All

Male

Female

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Name
Average
Male
Female
Bachelors Degree$68,412$78,359$53,438
Graduate Degree$83,092$101,818$77,009
High School Graduate$40,296$51,538$32,813
Less Than 9th Grade$20,625$22,625$20,469
Overall$56,047$63,509$48,526
Some College$51,913$58,790$46,280

$56,047

Average Earnings

$63,509

Average Male

$48,526

Average Female

Economy Earnings by Educational Attainment

Economy Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Economy Language

97.02% of Economy residents speak only English, while 2.98% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 1.59% of the population.

Economy Language

Economy Poverty by Race

rate

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Name
Total
In Poverty
Poverty Rate
White8,4794425.21%
Black114108.77%
Multiple33210.3%

5%

Overall Poverty Rate

3.48%

Male Poverty Rate

6.5%

Female Poverty Rate

Poverty in Economy

The race most likely to be in poverty in Economy is Black, with 8.77% below the poverty level.

The race least likely to be in poverty in Economy is Multiple, with 0.3% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.87%. Among those working part-time, it was 8.02%, and for those that did not work, the poverty rate was 5.08%.

Economy Poverty

rate

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Rate
Poverty
Less Than 9th Grade10.39%
Some College5.67%
High School3.97%
Bachelors or Greater1.8%

Economy Poverty Rate by Education

rate

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Rate
Poverty
Female Unemployed13.33%
Male Unemployed7.92%
Female Employed3.06%
Male Employed2.36%

Economy Poverty Rate by Employment Status and Sex

Economy Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Name
Median
Mean
Families$107,083$134,404
Households$86,983$116,638
Married Families$114,920$-999,999,999
Non Families$56,222$65,552

mean

median

Income by Household Type

Economy Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

61.3%

Overall Marriage Rate

62.2%

Male Marriage Rate

60.4%

Female Marriage Rate

Economy Married by Age and Sex

male

female

Economy Marriage

The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 55-64.

Economy Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Economy Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

734

Number of Veterans

721

Male Veterans

13

Female Veterans

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

War
Veterans
Vietnam392
Second Gulf War118
First Gulf War91
Korea76
World War II9

Economy Veterans by War

count

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Age Group
Veterans
65 to 74312
75+253
55 to 6478
35 to 5459
18 to 3432

Economy Veterans by Age

count

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Name
Veterans
% of Total
White7269.98%
2+ Races84.97%

Economy Veterans by Race

Economy Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

3%

Veteran Poverty Rate

25.07%

Veteran Disability Rate

Economy Veterans by Education

LaborForceParticipation

62%

Labor Force Participation

59.9%

Employment Rate

3.3%

Unemployment Rate

Economy Employment by Age

LaborForceParticipation

Economy Employment by Race

LaborForceParticipation

Economy Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

82.52%

Born in Economy

96.4%

Native Born

3.6%

Foreign Born

0.11%

Non Citizen

3.49%

Naturalized

Place of Birth

96.4% of Economy residents were born in the United States, with 82.52% having been born in Pennsylvania. 0.11% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Economy Place of Birth

Note: data after 2022 is projected based on recent change

Download Table Data

Enter your email below, and you'll receive this table's data in your inbox momentarily.

Year
Population
Growth
Growth Rate
20298,718-40-0.46%
20288,758-41-0.47%
20278,799-41-0.46%
20268,840-40-0.45%
20258,880-41-0.46%
20248,921-41-0.46%
20238,962-16-0.18%
20228,978-67-0.74%
20219,045-39-0.43%
20209,084-12-0.13%
20199,096-29-0.32%
20189,125-54-0.59%
20179,179-74-0.8%
20169,253-36-0.39%
20159,289140.15%
20149,275420.45%
20139,2331581.74%
20129,075430.48%
20119,032230.26%
20109,00900%
20009,363-156-1.64%
19909,519-19-0.2%
19809,5382,36232.92%
19707,1761,25121.11%
19605,925-2,793-32.04%
showing: 25 rows

Economy Population by Year