Economy, Pennsylvania Population 2020

8,970

Economy is a city located in Pennsylvania. With a 2020 population of 8,970, it is the 78th largest city in Pennsylvania and the 3317th largest city in the United States. Economy is currently declining at a rate of -0.80% annually and its population has decreased by 0.00% since the most recent census, which recorded a population of 8,970 in 2010. Economy reached it's highest population of 9,538 in 1980. Spanning over 18 miles, Economy has a population density of 502 people per square mile.

The average household income in Economy is $91,905 with a poverty rate of 3.41%. The median rental costs in recent years comes to $674 per month, and the median house value is $170,100. The median age in Economy is 50.7 years, 48.9 years for males, and 51.8 years for females. For every 100 females there are 98.0 males.

Economy Demographics

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

  • White: 98.84%
  • Other race: 0.52%
  • Black or African American: 0.33%
  • Asian: 0.31%
  • Native American: 0.00%
  • Native Hawaiian or Pacific Islander: 0.00%
  • Two or more races: 0.00%
The current population of Economy, Pennsylvania is 8,970, based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 9,114.The last official US Census in 2010 recorded the population at 8,970.

Economy, Pennsylvania Population 2020

Population by Race

Race Population Percentage
White9,10098.84%
Some Other Race480.52%
Black or African American300.33%
Asian290.31%

Economy Population Pyramid 2020

Economy Median Age

50.7


Total

48.9


Male

51.8


Female

Economy Adults

There are 7,677 adults, (2,155 of whom are seniors) in Economy.

Economy Age Dependency

66.7

Age Dependency Ratio

39

Old Age Dependency Ratio

27.7

Child Dependency Ratio

Economy Sex Ratio

Female

4,650

50.51%

Male

4,557

49.49%

Economy Households and Families

Economy Renter vs Owner Occupied by Household Type

Economy Household Types

Type Owner Renter
Male100%0%
Married98.3%1.7%
All95.7%4.3%
Female95.4%4.6%
Non Family88.8%11.2%

95.7%

Rate of Home Ownership

Type Count Average Size Owned
All3,9132.3595.7
Married2,5632.7498.3
Non Family1,0181.2288.8
Female2172.9895.4
Male1152.69100

2.74

Average Family Size

2.35

Average Household Size

4.4%

Unmarried (Opposite Sex)

0%

Unmarried (Same Sex)

Economy Education

Education Attained Count Percentage
Less Than 9th Grade470.64%
9th to 12th Grade3114.25%
High School Graduate2,72137.16%
Some College1,34918.42%
Associates Degree75910.36%
Bachelors Degree1,41019.25%
Graduate Degree7269.91%

Economy Educational Attainment by Race

Name Total High School Bachelors
White7,2346,8762,126
Hispanic6767
Other Race4848
Black222210

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 black people with a rate of 45.45%.

Name Average Male Female
Overall$49,139$61,719$35,700
Less Than High School$$48,750$
High School Grad$36,013$53,772$23,539
Some College$43,085$57,656$29,199
Bachelors Degree$59,757$73,631$51,875
Graduate Degree$69,280$85,568$67,344

$49,139

Average Earnings

$61,719

Average Male

$35,700

Average Female

Economy Language

Economy Language by Age

Economy Language

97.79% of Economy residents speak only English, while 2.21% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.98% of the population.

Economy Poverty

Economy Poverty by Race

3.41%

Overall Poverty Rate

3.24%

Male Poverty Rate

3.57%

Female Poverty Rate

Poverty in Economy

The race most likely to be in poverty in Economy is White, with 3.45% below the poverty level.

The race least likely to be in poverty in Economy is White, with 3.45% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.61%. Among those working part-time, it was 6.35%, and for those that did not work, the poverty rate was 5.75%.

Name Poverty
Some College4.22%
High School3.56%
Less Than High School2.51%
Bachelors or Greater1.69%
Name Poverty
Male Employed2.63%
Female Employed1.79%
Female Unemployed0.00%
Male Unemployed0.00%

Economy Income

Economy Income by Household Type

Name Median Mean
Households$80,208$91,905
Families$91,963$103,571
Married Families$98,264-
Non Families$53,983$57,992

Economy Marital Status

Economy Marital Status

Marriage Rates

66.4%

Overall Marriage Rate

67.2%

Male Marriage Rate

65.7%

Female Marriage Rate

Economy Married by Age and Sex

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

Economy Veterans

786

Number of Veterans

779

Male Veterans

7

Female Veterans

War Veterans
Vietnam351
First Gulf War82
Korea67
Second Gulf War47
World War II46

$Economy Veterans by Education

3.31%

Veteran Poverty Rate

25.45%

Veteran Disability Rate

Economy Employment Status

66.9%

Labor Force Participation

64.4%

Employment Rate

3.7%

Unemployment Rate

Economy Place of Birth

Origin of Non-Citizens

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

Origin of Naturalized Citizens

86.61%

Born in Pennsylvania

98.27%

Native Born

1.73%

Foreign Born

0.12%

Non Citizen

Place of Birth

98.27% of Economy residents were born in the United States, with 86.61% having been born in Pennsylvania. 0.12% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Year Population Growth Annual Growth Rate
20208,970-72-0.80%
20199,042-72-0.79%
20189,114-45-0.49%
20179,159-72-0.78%
20169,231-42-0.45%
20159,273120.13%
20149,261440.48%
20139,2171581.74%
20129,059400.44%
20119,019210.23%
20108,998-365-0.40%
20009,363-156-0.17%
19909,519-19-0.02%
19809,5382,3622.89%
19707,1761,2511.93%
19605,9250.00%