Population 864 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Economy
Household size in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 2.45 | 2.57 | 2.68 |
| 2010–14 | 2.53 | 2.59 | 2.73 |
| 2015–19 | 2.50 | 2.57 | 2.71 |
| 2020–24 | 2.87 | 2.54 | 2.65 |
| Change | +0.43 | −0.03 | −0.03 |
Households in Economy average 2.87 people, above the national 2.65, so families with children are more common here. Household size has climbed from 2.45 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 41.3 | 37.5 | 37.7 |
| 2010–14 | 41.7 | 38.4 | 38.6 |
| 2015–19 | 47.8 | 39.1 | 39.6 |
| 2020–24 | 45.2 | 39.3 | 40.1 |
| Change | +3.9 | +1.7 | +2.3 |
With a median age of 45.2, Economy is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 8.3% | 11.8% | 12.3% |
| 2010–14 | 9.9% | 12.0% | 12.3% |
| 2015–19 | 4.9% | 11.6% | 11.6% |
| 2020–24 | 6.6% | 11.7% | 11.6% |
| Change | −1.7 pts | −0.1 pts | −0.6 pts |
Single-parent households are relatively rare in Economy: 6.6% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Economy
Renters in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 17.9% | 28.5% | 33.3% |
| 2010–14 | 16.2% | 30.5% | 35.6% |
| 2015–19 | 9.3% | 30.9% | 36.0% |
| 2020–24 | 7.8% | 29.4% | 34.8% |
| Change | −10.0 pts | +1.0 pts | +1.5 pts |
Economy is overwhelmingly a place of homeowners: only 7.8% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. More than four in ten owners (44.7%) have paid off their mortgages, above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 6.1% | 11.2% | 11.4% |
| 2010–14 | 8.2% | 11.2% | 11.4% |
| 2015–19 | 18.3% | 10.9% | 11.1% |
| 2020–24 | 9.4% | 9.3% | 9.6% |
| Change | +3.3 pts | −2.0 pts | −1.8 pts |
About as many homes sit empty in Economy as nationally: 9.4%, against 9.6%.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 1947 | 1972 | 1974 |
| 2010–14 | 1961 | 1973 | 1975 |
| 2015–19 | 1952 | 1974 | 1977 |
| 2020–24 | 1978 | 1977 | 1980 |
| Change | +32 | +5 | +6 |
The typical home in Economy was built around 1978, about the same vintage as the country's housing overall (1980).
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | $656 | $763 | $965 |
| 2010–14 | $790 | $819 | $1,040 |
| 2015–19 | $695 | $903 | $1,213 |
| 2020–24 | $651 | $1,146 | $1,571 |
| Change | −$5 | +$384 | +$606 |
Rent in Economy runs $651 a month at the median, utilities included, well below the U.S. median of $1,571. The typical renter here spends 12.7% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Economy
Bachelor's degrees in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 11.3% | 23.8% | 28.4% |
| 2010–14 | 20.0% | 24.6% | 29.6% |
| 2015–19 | 10.5% | 27.1% | 32.1% |
| 2020–24 | 16.0% | 30.0% | 35.6% |
| Change | +4.6 pts | +6.2 pts | +7.2 pts |
College degrees are relatively uncommon in Economy: 16.0% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 88.8% | 86.5% | 84.9% |
| 2010–14 | 88.3% | 87.7% | 86.1% |
| 2015–19 | 85.6% | 88.7% | 87.7% |
| 2020–24 | 87.9% | 89.9% | 89.3% |
| Change | −1.0 pts | +3.4 pts | +4.3 pts |
High school completion in Economy is close to the national rate: 87.9% of adults have a diploma or equivalent, against 89.3%. The rate is lower than in Indiana overall (89.9%).
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Economy
| Period | Economy | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 9.1% | 8.4% | 8.1% |
| 2010–14 | 8.0% | 8.9% | 9.4% |
| 2015–19 | 1.3% | 4.9% | 5.6% |
| 2020–24 | 2.1% | 4.3% | 5.4% |
| Change | −7.0 pts | −4.1 pts | −2.7 pts |
The job market in Economy has been strong: just 2.1% of the labor force was out of work and looking, well below the national rate of 5.4%. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Economy compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Economy | 2.87 | 45.2 | 6.6% | 7.8% | 9.4% | 1978 | $651 | 16.0% | 87.9% | 2.1% |
| Hagerstown | 2.73 | 42.6 | 7.5% | 14.8% | 12.8% | 1962 | $695 | 16.4% | 94.1% | 2.9% |
| Modoc | 2.32 | 45.9 | 6.4% | 11.4% | 10.7% | 1953 | $771 | 20.4% | 89.2% | 5.3% |
| Williamsburg | 3.42 | 33.3 | 8.2% | 22.8% | 7.8% | 1960 | $723 | 8.3% | 71.0% | 2.3% |
| Bloomingport | 2.99 | 37.9 | 7.2% | 14.5% | 8.8% | 1958 | $769 | 11.8% | 80.0% | 1.9% |
| Greens Fork | 2.76 | 41.3 | 9.0% | 15.2% | 6.1% | 1961 | $937 | 18.9% | 95.1% | 4.4% |
| Losantville | 2.47 | 45.4 | 5.8% | 13.3% | 8.9% | 1962 | $844 | 15.4% | 86.8% | 4.2% |
| Jacksonburg | 3.07 | 38.2 | 5.5% | 13.7% | 8.4% | 1978 | $1,057 | 22.0% | 94.9% | 4.7% |
| Millville | 2.99 | 35.7 | 6.1% | 9.4% | 12.0% | 1964 | $778 | 10.4% | 88.9% | 7.0% |
| Mooreland | 2.66 | 42.0 | 13.0% | 15.3% | 5.4% | 1956 | $1,029 | 14.9% | 91.1% | 2.4% |
| Webster | 2.72 | 46.5 | 1.1% | 10.6% | 12.7% | 1966 | $817 | 17.9% | 93.6% | 10.7% |
All figures 2020–24.
Cities with similar populations: Bondville, VT · Bevier, MO · Rayle, GA · Pacific City, OR · Packwood, WA · Paint, PA · Pattison, MS · Pecan Grove, MS · Pine River, WI · Plato, MN
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Economy. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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