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.
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 : | 09:08:16 (5th December 2025) |
| Density : | 753 Pop. per km² as of 2020 |
| Population growth : | -6.86% (2010-2020) |
Geography
Economy is located at 39°58'41"N 85°5'17"W (39.9781000, -85.0880200).
Economy map
Click "full screen" 
icon to open full mode. View satellite images
icon to open full mode. View satellite images
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 |
Other Places in Economy
1 Economy Town Hall
W Main St, Economy, IN 47339 ➦ Show Map
☎ +17658865594 🔗 Url
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)
- Economy , Pennsylvania borough in Beaver County, Pennsylvania, USA with a population of 9,022 people.
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 |
