Economy, Pennsylvania
Economy: Borough in Beaver County, Pennsylvania, USA
About
Economy is a city located in the county of Beaver in the U.S. state of Pennsylvania. Its population at the 2010 census was 8,970 and a population density of 500 people per km². After 10 years in 2020 city had an estimated population of 9,022 inhabitants.
The city was created 197 years ago in 1826.
Quick Facts about Economy
| Population : | 9,022 (2020) |
| Country : | United States of America |
| State : | Pennsylvania (United States) |
| County : | Beaver County |
| Postal code : | 15005 |
| Area : | 17.93 km2 |
| Altitude : | 3,186 feet / 971 meters |
| Establishment : | January 01, 1827 (197 years ago) |
| Time Zone : | America/New_York |
| Local time : | 00:19:19 (27th April 2024) |
| Density : | 503 Pop. per km² as of 2020 |
| Population growth : | 0.58% (2010-2020) |
Geography
Economy is located at 40°36'0"N 80°13'29"W (40.6000700, -80.2247800).
Economy map
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Demographics
The population of Economy increased by 0.58% in 10 years.
| Year | Population | % Change | Method |
| 2010 | 8,970 | - | census |
| 2011 | 9,036 | 0.73% | estimation process |
| 2012 | 9,075 | 0.43% | estimation process |
| 2013 | 9,232 | 1.7% | estimation process |
| 2014 | 9,274 | 0.45% | estimation process |
| 2015 | 9,286 | 0.13% | estimation process |
| 2016 | 9,244 | -0.45% | estimation process |
| 2017 | 9,173 | -0.77% | estimation process |
| 2018 | 9,120 | -0.58% | estimation process |
| 2019 | 9,098 | -0.24% | estimation process |
| 2020 | 9,022 | -0.84% | estimation process |
Demographic Facts
| Estimated population as of July 1, 2019 : | 14,692 |
| Based on demographic estimates as of April 1, 2010 : | 13,569 |
| Based on demographic estimates as of 1 April 2010 : | 8.3% |
| April 1, 2020 Population : | 14,786 |
| April 1, 2010 Population : | 13,575 |
| People under 5 years old, percentage : | 7.6% |
| People under 18 years old, percentage : | 25.6% |
| People over 65 (%) : | 21.8% |
| Female persons, % : | 52.5% |
| White only, percent : | 91.6% |
| Black or African American alone, percent : | 2.7% |
| American Indian and Alaska Native only, % : | 0.0% |
| Asians alone % : | 2.7% |
| Only Native Hawaiians and Other Pacific Islanders, % : | 0.0% |
| % of people who have participated in two or more races : | 2.7% |
| % of Hispanic or Latino : | 1.5% |
| White people, not Hispanic or Latino people, make up the majority of the population. : | 90.5% |
| 2015-2019 Veterans : | 786 |
| Percentage of foreign-born people, 2015-2019 : | 4.9% |
| Rate of owner-occupied housing units, 2015-2019 : | 79.5% |
Economy, Economy Station
Economic Facts
| Rate of owner-occupied housing units, 2015-2019 : | 79.5% |
| Owner-occupied housing unit median value, 2015-2019 : | $285,300 |
| From 2015 to 2019, the median selected monthly owner costs - with a mortgage : | $1,933 |
| Monthly owner costs, without a mortgage, at the median, 2015-2019 : | $830 |
| 2015-2019 median gross rent : | $1,030 |
| 2015-2019 Households : | 5,695 |
| Population per household, 2015-2019 : | 2.53 |
| Living in the same house a year ago, percentage of people aged one year and up, 2015-2019 : | 89.2% |
| Languages other than English spoken at home, as a percentage of people aged 5 and up, 2015-2019 : | 5.6% |
| Households with computers, %, 2015-2019 : | 95.4% |
| Percentage of households with a broadband Internet subscription, 2015-2019 : | 93.6% |
| Percentage of people aged 25 and up with a high school diploma or higher, 2015-2019 : | 98.5% |
| Bachelor's degree or higher, proportion of people aged 25 and up, 2015-2019 : | 68.8% |
| Percentage of people under the age of 65 who have a disability, 2015-2019 : | 5.3% |
| Persons under the age of 65 who do not have health insurance, as a percentage : | 2.5% |
| Total civilian labor force, percent of population aged 16 and up, 2015-2019 : | 65.4% |
| Female labor force participation in the civilian labor force, as a percentage of the population aged 16 and up, 2015-2019 : | 60.5% |
| Total sales of lodging and food services in 2012 ($1,000) : | 41,502 |
| Total receipts/revenue for health care and social assistance in 2012 ($1,000) : | 199,794 |
| Manufacturers' total shipments in 2012 ($1,000) : | 221,772 |
| 2012 total retail sales ($1,000) : | 243,689 |
| 2012 total retail sales per capita : | $17,714 |
| Mean commute time to work (in minutes), workers aged 16 and up, 2015-2019 : | 22.1 |
| 2015-2019 median household income (in 2019 dollars) : | $104,362 |
| Income per capita in the previous 12 months (in 2019 dollars), 2015-2019 : | $52,884 |
| Percentage of people living in poverty : | 3.5% |
| Total number of businesses in 2012 : | 2,569 |
| Men-owned businesses in 2012 : | 1,341 |
| Women-owned businesses in 2012 : | 925 |
| Minority-owned businesses in 2012 : | 122 |
| Non-minority-owned businesses in 2012 : | 2,302 |
| Veteran-owned businesses in 2012 : | 263 |
| Nonveteran-owned businesses in 2012 : | 2,163 |
| 2010 population per square mile : | 2,448.2 |
| 2010 land area in square miles : | 5.54 |
Schools in Economy
College & universities near Economy, PA
| Code | Name | City | ZIP |
|---|---|---|---|
| 216463 | Trinity Episcopal School for Ministry | Ambridge (PA) | 15003-2397 |
Stations (6)
Amtrak & bus stations near Economy, PA
| Code | Name | Address | Type |
|---|---|---|---|
| PGH | Union Station | 1100 Liberty Avenue | RAIL |
| GNB | Greensburg | Harrison Ave. and Seton Hill Dr. | RAIL |
| LAB | Latrobe station | 329 McKinley Ave | RAIL |
| ALC | Alliance | 820 East Main Street | RAIL |
| COV | Connellsville station | North Water Street and West Peach Street | RAIL |
Post offices near Economy
| Post Office Name | City | ZIP |
|---|---|---|
| Ambridg Post Office | Ambridge (PA) | 15003 |
Other places with the same name (2)
- Economy , Indiana town in Indiana, USA with a population of 175 people.
Other cities in Beaver County
Cities, towns, neighborhoods & other populated places in Beaver County , PA. (more)
| City Name | Population | Title |
|---|---|---|
| Mechanicsburg | 9,017 | Borough in Cumberland County, Pennsylvania, USA |
| Aliquippa | 8,743 | City of Pennsylvania |
| Beaver Falls | 8,255 | City in Pennsylvania, United States |
| Ambridge | 6,535 | Borough in Beaver County in Western Pennsylvania |
| New Brighton | 5,622 | Borough of Pennsylvania |
| Monaca | 5,364 | Borough in Pennsylvania, United States |
| North Sewickley | 5,315 | Township of Pennsylvania |
| Beaver | 4,222 | Borough in and the county seat of Beaver County, Pennsylvania |
| Baden | 3,839 | Borough of Pennsylvania |
| Rochester | 3,406 | Borough in Beaver County, Pennsylvania |
| Ohioville | 3,262 | Borough of Pennsylvania |
| Pulaski | 3,218 | Township in Beaver County, Pennsylvania, United States |
| Midland | 2,440 | Borough of Pennsylvania |
| Conway | 2,047 | Borough of Pennsylvania |
| Big Beaver | 1,827 | Borough of Pennsylvania |
| Industry | 1,696 | Borough in Beaver County, Pennsylvania, USA |
Distance to Other Cities
Economy distances to largest Pennsylvania cities
