Economy borough, PA Profile: Facts & Data

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Economy borough, Pennsylvania - Basic Facts

The Borough of Economy had a population of 9,315 as of July 1, 2018. 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.


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  1. Economy borough 2018 Demographic Data
  2. Growth Rates for Economy borough (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Pennsylvania Research Tools (Easy Tools & Current Data)
  3. Pennsylvania Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Economy borough, PA Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 9,315
Population in Households 9,315
Population in Familes 8,140
Population in Group Qrtrs 0
Population Density2 521
Diversity Index3 7
 

INCOME

Median Household Income $78,465
Average Household Income $92,633
Per Capita Income $37,471

HOUSING

Total Housing Units 3,934 (100%)
Owner Occupied HU 3,543 (90.1%)
Renter Occupied HU 225 ( 5.7%)
Vacant Housing Units 166 ( 4.2%)
Median Home Value $177,625
Average Home Value $198,815
 

HOUSEHOLDS

Total Households 3,768
Average Household Size 2.47
Family Households 2,901
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood 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.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population 0.46% -0.04%
Households 0.48% 0.02%
Families 0.39% -0.03%
Median Household Income   1.41%
Per Capita Income   1.94%

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, 2018 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 Density # 1381 22nd
Diversity Index # 1342 24th
Median Household Income # 167 91st
Per Capita Income # 193 89th

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