Economy borough, PA Profile: Facts, Map & Data

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Economy borough, Pennsylvania - Basic Facts

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.


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Borough of Economy, PA Boundary Map



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Economy borough, PA Data & Demographics (As of July 1, 2016)

POPULATION

Total Population 9,306
Population in Households 9,306
Population in Familes 8,166
Population in Group Qrtrs 0
Population Density1 520
Diversity Index2 6
 

HOUSEHOLDS

Total Households 3,814
Average Household Size 2.44
Family Households 2,945
Average Family Size 3

HOUSING

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
 

INCOME

Median Household Income $75,779
Average Household Income $86,794
Per Capita Income $35,572
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2015 2015-2020
Population 0.59% 0.15%
Households 0.83% 0.31%
Families 0.76% 0.26%
Median Household Income   2.29%
Per Capita Income   2.27%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Economy borough, PA - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.