Economy

County:: Wayne County
County Seat:: No
Area (mi²):: 0.09
State:: Indiana

Economy is a town located in Wayne County, Indiana. Economy has a 2025 population of 144. Economy is currently declining at a rate of 0% annually and its population has decreased by -1.37% since the most recent census, which recorded a population of 146 in 2020.

The average household income in Economy is $56,127 with a poverty rate of 20%. The median age in Economy is 46.7 years: 44.7 years for males, and 48.6 years for females.

Demographics

The racial composition of Economy includes 96.67% White, and smaller percentages for Black or African American, Native American, Asian, Native Hawaiian or Pacific Islander, other race and multiracial populations.

Population by Race

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

Race	Population	Percentage (of total)
White	145	96.67%
Two or more races	5	3.33%
Black or African American	0	0%
Native American	0	0%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%
Other race	0	0%

Economy Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Economy's average per capita income is $40,000. Household income levels show a median of $44,063. The poverty rate stands at 20%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$56,250	-
Non Families	$51,250	$54,077
Households	$44,063	$56,127
Families	$39,643	$46,359

$40,000

Average Income

$44,063

Median Household Income

20%

Poverty Rate