Economy, Indiana

Economy: Town in Indiana, USA

About

Economy is a town located in the county of Wayne in the U.S. state of Indiana. Its population at the 2010 census was 187 and a population density of 805 people per km². After 10 years in 2020 city had an estimated population of 175 inhabitants.

Economy locator map
Location of Economy on Indiana map.

Quick Facts about Economy

Population : 175 (2020)
Country : United States of America
State : Indiana (United States)
County : Wayne County
Postal code : 47339
Phone Area Codes : 765
Area : 0.23 km2
Altitude : 1,152 feet / 351 meters
Time Zone : America/Indiana/Indianapolis
Local time : 10:57:36 (28th March 2024)
Density : 753 Pop. per km² as of 2020
Population growth : -6.86% (2010-2020)
Wayne County Indiana Incorporated and Unincorporated areas Economy Highlighted locator map image
Wayne County Indiana Incorporated and Unincorporated areas Economy Highlighted
Wayne County Indiana Incorporated and Unincorporated areas Economy Highlighted locator map image

Geography

Economy is located at 39°58'41"N 85°5'17"W (39.9781000, -85.0880200).

Economy map

Demographics

According to census records, the population of Economy decreased by 6.86% in 10 years.

Year Population % Change Method
2010 187 - census
2011 184 -1.63% estimation process
2012 183 -0.55% estimation process
2013 181 -1.1% estimation process
2014 180 -0.56% estimation process
2015 179 -0.56% estimation process
2016 178 -0.56% estimation process
2017 176 -1.14% estimation process
2018 176 0% estimation process
2019 175 -0.57% estimation process
2020 175 0% estimation process

Demographic Facts

Estimated population as of July 1, 2019 : 10,510
Based on demographic estimates as of April 1, 2010 : 10,847
Based on demographic estimates as of 1 April 2010 : -3.1%
April 1, 2020 Population : 10,983
April 1, 2010 Population : 10,785
People under 5 years old, percentage : 8.6%
People under 18 years old, percentage : 29.1%
People over 65 (%) : 11.2%
Female persons, % : 50.4%
White only, percent : 91.2%
Black or African American alone, percent : 1.5%
American Indian and Alaska Native only, % : 0.0%
Asians alone % : 5.3%
Only Native Hawaiians and Other Pacific Islanders, % : 0.0%
% of people who have participated in two or more races : 1.5%
% of Hispanic or Latino : 2.2%
White people, not Hispanic or Latino people, make up the majority of the population. : 89.7%
2015-2019 Veterans : 510
Percentage of foreign-born people, 2015-2019 : 7.0%
Rate of owner-occupied housing units, 2015-2019 : 77.4%

Economy zip code is 47339. County name: Wayne, County fips: 18177

Economic Facts

Rate of owner-occupied housing units, 2015-2019 : 77.4%
Owner-occupied housing unit median value, 2015-2019 : $163,000
From 2015 to 2019, the median selected monthly owner costs - with a mortgage : $1,423
Monthly owner costs, without a mortgage, at the median, 2015-2019 : $594
2015-2019 median gross rent : $1,102
2015-2019 Households : 3,822
Population per household, 2015-2019 : 2.81
Living in the same house a year ago, percentage of people aged one year and up, 2015-2019 : 92.4%
Languages other than English spoken at home, as a percentage of people aged 5 and up, 2015-2019 : 10.3%
Households with computers, %, 2015-2019 : 96.8%
Percentage of households with a broadband Internet subscription, 2015-2019 : 93.9%
Percentage of people aged 25 and up with a high school diploma or higher, 2015-2019 : 93.7%
Bachelor's degree or higher, proportion of people aged 25 and up, 2015-2019 : 35.0%
Percentage of people under the age of 65 who have a disability, 2015-2019 : 6.1%
Persons under the age of 65 who do not have health insurance, as a percentage : 3.8%
Total civilian labor force, percent of population aged 16 and up, 2015-2019 : 73.1%
Female labor force participation in the civilian labor force, as a percentage of the population aged 16 and up, 2015-2019 : 67.1%
Total sales of lodging and food services in 2012 ($1,000) : 17,261
Manufacturers' total shipments in 2012 ($1,000) : 63,897
2012 total retail sales ($1,000) : 175,311
2012 total retail sales per capita : $16,354
Mean commute time to work (in minutes), workers aged 16 and up, 2015-2019 : 23.9
2015-2019 median household income (in 2019 dollars) : $92,138
Income per capita in the previous 12 months (in 2019 dollars), 2015-2019 : $37,712
Percentage of people living in poverty : 4.0%
Total number of businesses in 2012 : 993
Men-owned businesses in 2012 : 650
Women-owned businesses in 2012 : 290
Minority-owned businesses in 2012 : 122
Non-minority-owned businesses in 2012 : 855
Veteran-owned businesses in 2012 : 213
Nonveteran-owned businesses in 2012 : 708
2010 population per square mile : 1,041.0
2010 land area in square miles : 10.36

Schools in Economy

College & universities near Economy, IN

Code Name City ZIP
151388 Indiana University-East Richmond (IN) 47374-1289

Stations (4)

Amtrak & bus stations near Economy, IN

Code Name Address Type
COI Connersville station 1012 Eastern Avenue RAIL
IND Indianapolis Union Station 350 South Illinois Street RAIL
CIN Cincinnati Museum Center at Union Terminal 1301 Western Ave. RAIL
CIG Cincinnati, OH 1005 Gilbert Avenue BUS

Post offices near Economy

Post Office Name City ZIP
Economy Post Office Economy (IN) 47339

Other places with the same name (2)

Other cities in Wayne County

Cities, towns, neighborhoods & other populated places in Wayne County , IN. (more)

City Name Population Title
Richmond 35,239 City in Indiana, United States
Wayne 4,271 Town in Wayne County, West Virginia
Cambridge City 1,744 Town in Indiana
Hagerstown 1,684 High school in Hagerstown, Wayne County, Indiana
Franklin 1,228 City in Johnson County, Indiana, United States
Webster 1,215 Unincorporated community in Wayne County, Indiana
Chester 938 City in United States of America
Abington 799 Unincorporated community in Wayne County, Indiana
Fountain City 753 Town in Indiana
Dublin 746 Town in Indiana
Pennville 676 City in Jay County, Indiana, United States of America
Dalton 543 City in Indiana, United States
Greens Fork 384 Town in Indiana, United States
East Germantown 351 Town
Spring Grove 319 City in Wayne County, Indiana, United States of America
Bethel 304 Unincorporated community in Wayne County, Indiana