Economy, Pennsylvania Population 2021

9,054
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Economy is a city located in Pennsylvania. With a 2020 population of 9,054, it is the 76th largest city in Pennsylvania and the 3305th largest city in the United States . Economy is currently declining at a rate of -0.24% annually but its population has increased by 0.94% since the most recent census, which recorded a population of 8,970 in 2010. Economy reached it's highest population of in . Spanning over 18 miles, Economy has a population density of 506 people per square mile.

The average household income in Economy is $96,440 with a poverty rate of 4.11%. The median rental costs in recent years comes to $700 per month, and the median house value is $183,100. The median age in Economy is 50.7 years, 48.5 years for males, and 52.3 years for females.

Economy Demographics

According to the most recent ACS, the racial composition of Economywas:

  • White: 98.27%
  • Other race: 0.64%
  • Black or African American: 0.56%
  • Two or more races: 0.32%
  • Asian: 0.22%
  • Native American: 0.00%
  • Native Hawaiian or Pacific Islander: 0.00%
The current population of Economy, Pennsylvania is 9,054 based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 9,098.The last official US Census in 2010 recorded the population at 8,970.

Economy, Pennsylvania Population 2021

Population by Race

Race Population Percentage
White9,02398.27%
Some Other Race590.64%
Black or African American510.56%
Two or More Races290.32%
Asian200.22%
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Economy Population by Race

Economy Population Pyramid $2021

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Economy Median Age

50.7


Total

48.5


Male

52.3


Female

Economy Adults

There are 7,701 adults, (2,230 of whom are seniors) in Economy.

Economy Age Dependency

67.8

Age Dependency Ratio

40.8

Old Age Dependency Ratio

27.1

Child Dependency Ratio

Economy Sex Ratio

Female

4,561

49.67%

Male

4,621

50.33%

Economy Population by Age

Economy Renter vs Owner Occupied by Household Type

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Economy Household Types

Type Owner Renter
Non Family85.4%14.6%
All94.9%5.1%
Female95%5%
Married98.7%1.3%
Male100%0%

94.9%

Rate of Home Ownership

Economy Households and Families

Type Count Average Size Owned
All3,9312.3494.9
Married2,4922.7498.7
Non Family1,0911.285.4
Female2222.9995
Male1262.91100

2.74

Average Family Size

2.34

Average Household Size

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Economy Households by Type

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Education Attained Count Percentage
Less Than 9th Grade690.94%
9th to 12th Grade3124.27%
High School Graduate2,55334.94%
Some College1,28717.62%
Associates Degree79610.90%
Bachelors Degree1,50520.60%
Graduate Degree78410.73%
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Economy Educational Attainment by Sex (over 25)

Economy Educational Attainment by Race

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Race Total High School Bachelors
White7,1696,7982,277
Hispanic9282
Other Race5959
Black454512

The highest rate of high school graduation is among black people with a rate of 100.00%.

The highest rate of bachelors degrees is among white people with a rate of 31.76%.

Economy Educational Attainment by Race

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Name Average Male Female
Overall$51,188$62,101$36,778
Less Than 9th Grade$41,146$42,614$41,042
High School Graduate$36,282$53,722$23,611
Some College$45,694$59,393$30,543
Bachelors Degree$59,474$72,610$54,306
Graduate Degree$73,036$92,778$67,743

$51,188

Average Earnings

$62,101

Average Male

$36,778

Average Female

Economy Earnings by Educational Attainment

Economy Language by Age

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Economy Language

97.67% of Economy residents speak only English, while 2.33% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.12% of the population.

Economy Language

Economy Poverty by Race

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Name Total In Poverty Poverty Rate
White8,9573684.11%
Black51917.65%

4.11%

Overall Poverty Rate

3.62%

Male Poverty Rate

4.60%

Female Poverty Rate

Poverty in Economy

The race most likely to be in poverty in Economy is Black, with 17.65% below the poverty level.

The race least likely to be in poverty in Economy is White, with 4.11% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.85%. Among those working part-time, it was 5.95%, and for those that did not work, the poverty rate was 6.73%.

Economy Poverty

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Name Poverty
Less Than 9th Grade7.61%
Some College5.18%
High School4.35%
Bachelors or Greater1.53%

Economy Poverty Rate by Education

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Rate Poverty
Female Unemployed5.81%
Male Employed2.65%
Female Employed2.08%
Male Unemployed0.00%

Economy Poverty Rate by Employment Status and Sex

Economy Income by Household Type

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Name Median Mean
Households$81,938$96,440
Families$95,455$110,485
Married Families$100,720-
Non Families$53,074$58,589
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Income by Household Type

Economy Marital Status

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Marriage Rates

63.5%

Overall Marriage Rate

64.2%

Male Marriage Rate

62.8%

Female Marriage Rate

Economy Married by Age and Sex

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Economy Marriage

The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 35-44.

Economy Marital Status by Race

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Economy Marital Status

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761

Number of Veterans

753

Male Veterans

8

Female Veterans

War Veterans
Vietnam375
First Gulf War63
Korea56
World War II49
Second Gulf War37

Economy Veterans by War

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Age Group Veterans
65 to 74338
75+226
55 to 64129
35 to 5468
18 to 34

Economy Veterans by Age

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Name Veterans % of Total
White7499.87%
Black1226.67%

Economy Veterans by Race

Economy Veterans by Education

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3.15%

Veteran Poverty Rate

24.70%

Veteran Disability Rate

Economy Veterans by Education

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67.6%

Labor Force Participation

65.8%

Employment Rate

2.7%

Unemployment Rate

Economy Employment by Age

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Economy Employment by Race

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Economy Employment by Education

Origin of Non-Citizens

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

Origin of Naturalized Citizens

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85.79%

Born in Economy

98.31%

Native Born

1.69%

Foreign Born

0.22%

Non Citizen

1.47%

Naturalized

Place of Birth

98.31% of Economy residents were born in the United States, with 85.79% having been born in Pennsylvania. 0.22% 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: 2020 and 2021 data is projected
Year Population Growth Annual Growth Rate
20219,054-22-0.24%
20209,076-22-0.24%
20199,098-22-0.24%
20189,120-53-0.58%
20179,173-71-0.77%
20169,244-42-0.45%
20159,286120.13%
20149,274420.45%
20139,2321571.73%
20129,075390.43%
20119,036250.28%
20109,011-352-0.38%
20009,363-156-0.17%
19909,519-19-0.02%
19809,5382,3622.89%
19707,1761,2511.93%
19605,9250.00%

Economy Population by Year