Economy, Indiana Population 2024

144

Economy Demographics

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

  • White: 96.67%
  • Two or more races: 3.33%
  • Black or African American: 0%
  • Native American: 0%
  • Asian: 0%
  • Native Hawaiian or Pacific Islander: 0%
  • Other race: 0%
State
Indiana
Land Area (mi²)
0.1 sq mi
Density (mi²)
1,605.50/sq mi
Growth Since 2020
-1.37% (-2)
The current population of Economy, Indiana is 144 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 146.

Population by Race

Race
Population
Percentage (of total)
White14596.67%
Two or more races53.33%
Black or African American00%
Native American00%
Asian00%
Native Hawaiian or Pacific Islander00%
Other race00%

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

Economy Population by Race

Economy Population Pyramid 2024

Economy Median Age

46.7

Total

44.7

Male

48.6

Female

Economy Adults

There are 117 adults, (44 of whom are seniors) in Economy.

Economy Age Dependency

105.5

Age Dependency Ratio

60.3

Old Age Dependency Ratio

45.2

Child Dependency Ratio

Economy Sex Ratio

Female7449.33%
Male7650.67%

Economy Population by Age

Economy Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All592.5491.58.5
Married252.761000
Non Family131.3884.615.4
Female122.921000
Male93.1166.733.3

2.59

Average Family Size

2.54

Average Household Size

91.5%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Economy Households and Families

Male

Female

Education Attained
Count
Percentage
9th to 12th Grade76.09%
Associates Degree1613.91%
Bachelors Degree65.22%
Graduate Degree65.22%
High School Graduate6052.17%
Less Than 9th Grade21.74%
Some College1815.65%

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

Race
Total
High School
Bachelors
White11410512
2+ Races110

The highest rate of high school graduation is among 2+ races people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 10.53%.

Economy Educational Attainment by Race

All

Male

Female

Name
Average
Male
Female
Bachelors Degree$51,250$0$0
Graduate Degree$65,000$0$64,375
High School Graduate$40,000$40,227$0
Less Than 9th Grade$0$0$0
Overall$40,000$40,833$35,000
Some College$24,063$0$24,375

$40,000

Average Earnings

$40,833

Average Male

$35,000

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

98.67% of Economy residents speak only English, while 1.33% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.33% of the population.

Economy Language

Economy Poverty by Race

rate

Name
Total
In Poverty
Poverty Rate
White1452617.93%
Multiple5480%

20%

Overall Poverty Rate

19.74%

Male Poverty Rate

20.27%

Female Poverty Rate

Poverty in Economy

The race most likely to be in poverty in Economy is Multiple, with 80% below the poverty level.

The race least likely to be in poverty in Economy is White, with 17.93% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 6.82%. Among those working part-time, it was 0%, and for those that did not work, the poverty rate was 30%.

Economy Poverty

rate

Rate
Poverty
Some College35.29%
High School3.33%
Less Than 9th Grade0%
Bachelors or Greater0%

Economy Poverty Rate by Education

rate

Rate
Poverty
Male Employed7.89%
Male Unemployed0%
Female Employed0%
Female Unemployed0%

Economy Poverty Rate by Employment Status and Sex

Economy Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

Name
Median
Mean
Families$39,643$46,359
Households$44,063$56,127
Married Families$56,250$-999,999,999
Non Families$51,250$54,077

mean

median

Income by Household Type

Economy Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

39.9%

Overall Marriage Rate

39.1%

Male Marriage Rate

40.6%

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 Over 65.

Economy Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Economy Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

22

Number of Veterans

22

Male Veterans

0

Female Veterans

War
Veterans
Vietnam12
Second Gulf War6
First Gulf War6
Korea0
World War II0

Economy Veterans by War

count

Age Group
Veterans
65 to 749
75+7
35 to 545
55 to 641
18 to 340

Economy Veterans by Age

count

Name
Veterans
% of Total
White2118.1%
2+ Races1100%

Economy Veterans by Race

Economy Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

4.55%

Veteran Poverty Rate

40.91%

Veteran Disability Rate

Economy Veterans by Education

LaborForceParticipation

47.7%

Labor Force Participation

44.7%

Employment Rate

6.3%

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

86.67%

Born in Economy

100%

Native Born

0%

Foreign Born

0%

Non Citizen

0%

Naturalized

Place of Birth

100% of Economy residents were born in the United States, with 86.67% having been born in Indiana. 0% 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
Year
Population
Growth
Change
2029142-1-0.7%
202814300%
202714300%
2026143-1-0.69%
202514400%
2024144-1-0.69%
202314500%
2022145-1-0.68%
202114600%
2020146-29-16.57%
2019175-1-0.57%
2018176-1-0.56%
2017177-1-0.56%
2016178-1-0.56%
2015179-2-1.1%
2014181-1-0.55%
2013182-1-0.55%
2012183-1-0.54%
2011184-1-0.54%
201018500%

Economy Population by Year