Economy, Indiana Demographics & Population 2026

A note before these figures: with a population of 144, Economy's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Economy is a small community located in Indiana, within Wayne County. The total population is 144. It ranks as the 787th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Economy is 43.8 years. This is 15% higher than the state median of 38.1 years. With 32.6% of the population under 18, Economy has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Economy is $42,212. This is 41% lower than the state median of $71,957. It is also 48% lower than the national median of $80,734. The poverty rate stands at 22.2%. This is 80% higher than the state poverty rate of 12.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.9%. This is 37% higher than the state rate of 4.3%. The median home value is $56,100. Housing costs are 74% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.3x, Economy is one of the most affordable housing markets in the area. 89.1% of occupied housing units are owner-occupied. This homeownership rate is 26% higher than the state average of 70.5%.

Race & Ethnicity

Economy has a predominantly White (non-Hispanic) population, comprising 86.1% of all residents. Hispanic or Latino residents account for 9.0%.

Education

13.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 54% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.6%.

Data Sources & Methodology

All demographic data for Economy, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.