Population 9,058 · Census ACS 2020–24
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Population and households in Economy
Household size in Economy
| Period | Economy | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.67 | 2.37 | 2.51 | 2.68 |
| 2010–14 | 2.56 | 2.35 | 2.53 | 2.73 |
| 2015–19 | 2.34 | 2.29 | 2.50 | 2.71 |
| 2020–24 | 2.40 | 2.30 | 2.46 | 2.65 |
| Change | −0.27 | −0.07 | −0.05 | −0.03 |
Economy is a place of small households, averaging 2.40 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Still, the typical household here is bigger than in the Pittsburgh area overall, where it has 2.30 people. Household size has dropped from 2.67 in 2006–10, a much bigger shift than nationally.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 44.7 | 42.5 | 40.3 | 37.7 |
| 2010–14 | 47.7 | 43.0 | 41.0 | 38.6 |
| 2015–19 | 50.9 | 43.7 | 41.8 | 39.6 |
| 2020–24 | 51.1 | 43.9 | 42.0 | 40.1 |
| Change | +6.4 | +1.4 | +1.7 | +2.3 |
Economy skews older: half of its residents are older than 51.1, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. Since 2006–10, the median age has climbed from 44.7, in line with the national trend. Of the 496 Pennsylvania cities with 5,000+ people, only 12 are older.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.2% | 8.9% | 10.5% | 12.3% |
| 2010–14 | 4.4% | 8.8% | 10.6% | 12.3% |
| 2015–19 | 4.0% | 8.4% | 10.5% | 11.6% |
| 2020–24 | 4.4% | 8.8% | 10.7% | 11.6% |
| Change | −0.8 pts | −0.0 pts | +0.2 pts | −0.6 pts |
Single-parent households are relatively rare in Economy: 4.4% of households, against 11.6% nationally. The single-parent share is down 0.8 points from 2006–10, as it has nationally. Of the 496 Pennsylvania cities with 5,000+ people, only 34 have a lower share of single-parent households.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.1% | 28.5% | 29.0% | 33.3% |
| 2010–14 | 4.6% | 29.9% | 30.5% | 35.6% |
| 2015–19 | 5.2% | 30.3% | 31.1% | 36.0% |
| 2020–24 | 5.7% | 29.3% | 30.7% | 34.8% |
| Change | +1.6 pts | +0.8 pts | +1.7 pts | +1.5 pts |
Economy is overwhelmingly a place of homeowners: only 5.7% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Among homeowners, 47.3% have no mortgage at all, above the national share of 39.8%. The renter share has risen 1.6 points since 2006–10, mirroring the country.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.1% | 10.7% | 10.3% | 11.4% |
| 2010–14 | 5.9% | 10.4% | 10.5% | 11.4% |
| 2015–19 | 3.0% | 10.5% | 10.7% | 11.1% |
| 2020–24 | 4.2% | 10.0% | 9.1% | 9.6% |
| Change | −2.8 pts | −0.7 pts | −1.2 pts | −1.8 pts |
Only 4.2% of homes in Economy are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. Vacancy has fallen 2.8 points since 2006–10, mirroring the country. Economy has a lower vacancy rate than at least four in five Pennsylvania cities.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 1972 | 1960 | 1963 | 1974 |
| 2010–14 | 1970 | 1961 | 1964 | 1975 |
| 2015–19 | 1971 | 1962 | 1965 | 1977 |
| 2020–24 | 1971 | 1964 | 1967 | 1980 |
| Change | −1 | +4 | +4 | +6 |
Economy is a place of older homes: half were built before 1971, while the national median is 1980. That means established neighborhoods, and more houses that may need updating. Still, homes here are newer than in the Pittsburgh area as a whole, where the median home dates to 1964. Newer construction is concentrated in the east, while the southwest has the oldest housing.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | $824 | $720 | $829 | $965 |
| 2010–14 | $806 | $801 | $923 | $1,040 |
| 2015–19 | $757 | $922 | $1,039 | $1,213 |
| 2020–24 | $941 | $1,162 | $1,323 | $1,571 |
| Change | +$117 | +$442 | +$494 | +$606 |
The median renter in Economy pays $941 a month for rent and utilities, well below the national median of $1,571. Rent has climbed $117 a month since 2006–10, up 14%, a slower climb than the nation's. The typical renter here spends 27.2% of household income on rent, just 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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 27.1% | 29.5% | 27.2% | 28.4% |
| 2010–14 | 29.5% | 31.7% | 28.7% | 29.6% |
| 2015–19 | 31.4% | 35.2% | 31.8% | 32.1% |
| 2020–24 | 37.2% | 39.0% | 35.6% | 35.6% |
| Change | +10.1 pts | +9.5 pts | +8.3 pts | +7.2 pts |
College degrees are about as common in Economy as nationally: 37.2% of adults 25 and older have a bachelor's or higher, against 35.6%. Since 2006–10, the share with a degree has risen 10.1 points, in line with the national trend. College graduates are most concentrated in the east and least in the southwest.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 93.2% | 90.8% | 87.3% | 84.9% |
| 2010–14 | 94.3% | 92.3% | 88.8% | 86.1% |
| 2015–19 | 94.8% | 93.8% | 90.3% | 87.7% |
| 2020–24 | 98.6% | 95.0% | 91.8% | 89.3% |
| Change | +5.5 pts | +4.2 pts | +4.5 pts | +4.3 pts |
Finishing high school is nearly universal in Economy: 98.6% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma has risen 5.5 points since 2006–10, mirroring the country. Only 12 of the 496 Pennsylvania cities with 5,000+ people have a higher share of high school graduates.
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 | Pittsburgh area | Pennsylvania | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.1% | 6.9% | 7.5% | 8.1% |
| 2010–14 | 5.2% | 7.5% | 8.8% | 9.4% |
| 2015–19 | 2.7% | 4.9% | 5.5% | 5.6% |
| 2020–24 | 3.4% | 5.0% | 5.4% | 5.4% |
| Change | +0.3 pts | −1.9 pts | −2.1 pts | −2.7 pts |
Jobs have been easier to find in Economy than nationally: unemployment was 3.4%, against 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's 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 | 2.40 | 51.1 | 4.4% | 5.7% | 4.2% | 1971 | $941 | 37.2% | 98.6% | 3.4% |
| Baden | 2.17 | 49.2 | 3.3% | 19.5% | 8.0% | 1963 | $1,274 | 40.8% | 98.6% | 3.7% |
| Conway | 2.08 | 47.2 | 10.3% | 31.3% | 6.5% | 1960 | $894 | 23.1% | 94.6% | 6.7% |
| Freedom | 2.13 | 53.0 | 9.3% | 19.2% | 6.4% | 1973 | $1,561 | 27.9% | 93.0% | 5.2% |
| Fernway | 2.43 | 43.0 | 6.3% | 21.4% | 6.5% | 1992 | $1,611 | 63.0% | 98.7% | 2.8% |
| Bell Acres | 2.57 | 48.0 | 1.4% | 5.7% | 7.3% | 1962 | $1,106 | 64.8% | 97.3% | 2.5% |
| Ambridge | 2.26 | 40.7 | 12.2% | 39.4% | 12.8% | 1943 | $1,012 | 24.2% | 95.5% | 7.2% |
| Warrendale | 2.47 | 44.1 | 4.0% | 38.6% | 6.3% | 2008 | $2,221 | 76.5% | 98.0% | 3.3% |
| Bradford Woods | 2.48 | 47.3 | 6.6% | 6.3% | 3.6% | 1970 | $797 | 73.3% | 97.3% | 1.5% |
| East Rochester | 2.00 | 42.0 | 22.9% | 60.3% | 2.3% | 1946 | $775 | 15.1% | 94.1% | 9.9% |
| Monaca | 2.41 | 40.9 | 6.0% | 26.5% | 9.8% | 1966 | $896 | 30.4% | 97.3% | 6.0% |
All figures 2020–24.
Cities with similar populations: Geismar, LA · West Athens, CA · West Branch, MI · Glennville, GA · Glenmoore, PA · Glencoe, IL · Glen Ridge, NJ · Glastonbury Center, CT · West Liberty, KY · Gladstone, MI
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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