The Borough of Economy had a population of 9,306 as of July 1, 2016. Economy borough ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.
The primary coordinate point for Economy borough is located at latitude 40.6451 and longitude -80.1866 in Beaver County. The formal boundaries for the Borough of Economy (see map below) encompass a land area of 17.88 sq. miles and a water area of 0.05 sq. miles.
The Borough of Economy (GNIS ID: 1214871) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Beneath the boundary map are tables with Economy borough population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2016.
|Population in Households||9,306|
|Population in Familes||8,166|
|Population in Group Qrtrs||0|
|Average Household Size||2.44|
|Average Family Size||3|
|Total Housing Units||3,982 (100%)|
|Owner Occupied HU||3,553 (89.2%)|
|Renter Occupied HU||261 ( 6.6%)|
|Vacant Housing Units||168 ( 4.2%)|
|Median Home Value||$172,919|
|Average Home Value||$188,932|
|Median Household Income||$75,779|
|Average Household Income||$86,794|
|Per Capita Income||$35,572|
|(Compound Annual Growth Rates)|
|Median Household Income||2.29%|
|Per Capita Income||2.27%|
The table below compares Economy borough to the other 1,762 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2016 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 102||94th|
|Population Density1||# 1389||21st|
|Diversity Index2||# 1344||24th|
|Median Household Income||# 152||91st|
|Per Capita Income||# 172||90th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.