Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.9 yrs |
|---|---|
| Avg HH Size | 2.62 |
| Below Poverty | 17.3% ▲ 73% above avg |
| College Grads | 24.4% ▼ 37% below avg |
| Unemployment | 2.4% ▼ 51% below avg |
| HS Graduate | 164 (58.8%) |
| Some College | 13 (4.7%) |
| Associates | 34 (12.2%) |
| Bachelors | 38 (13.6%) |
| Graduate Degree | 30 (10.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $43,125 ▼ 43% below avg |
|---|---|
| Median Home Value | $98,100 ▼ 65% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $850/mo |
| Total Housing Units | 189 |
| Vacant Units | 17 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Economy is a city in Indiana, located in Wayne County. The city spans 1 ZIP code and is home to approximately 450 residents. It is a mature city, with a median age of 47.9 years.
Economically, Economy is a working-class community. The median household income of $43,125 is below the national average. Approximately 17.3% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Economy is one of the more affordable housing markets in the country. Median home values stand at $98,100, which is well below the national average. Renters typically pay around $850 per month. Homeownership is high at 81.4%, typical of suburban and family-oriented communities.
The population of Economy is less-educated. 24.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (98.89%).
Economy, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47339 | 450 | $43,125 | $98,100 | $850 | 2.4% | 24.4% | 81.4% |