Economy, Pennsylvania Demographics & Population 2026
During the 2020–2024 ACS period, Economy, Pennsylvania had a total population of 9,005, the 112th largest borough in Pennsylvania, with a median household income of $95,313, which is 22% higher than the state average. The poverty rate is 6.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Economy Quick Facts
How Economy Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 9,042 | 9,005 | -0.4% |
| Median household income | $94,430 | $95,313 | +0.9% |
| Median home value | $244,700 | $250,800 | +2.5% |
How Economy Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
Economy Rankings in Pennsylvania
Explore Pennsylvania Rankings
Other Cities in Beaver County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Aliquippa | 9,079 | $50,188 | 22.9% | $98,400 |
| Beaver Falls | 8,850 | $49,924 | 20.9% | $92,100 |
| Ellwood City | 7,532 | $67,138 | 9.5% | $122,800 |
| Ambridge | 6,890 | $51,537 | 15.5% | $98,200 |
| New Brighton | 5,567 | $52,939 | 16.1% | $109,200 |
| Monaca | 5,519 | $73,538 | 10.5% | $162,700 |
| Beaver | 4,374 | $81,156 | 6.1% | $254,100 |
| Baden | 3,843 | $63,400 | 8.4% | $150,400 |
| Rochester | 3,422 | $43,080 | 23.5% | $116,800 |
| Ohioville | 3,324 | $80,673 | 6.5% | $202,100 |
Cities Similar to Economy
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Village Green-Green Ridge | 9,073 | $96,711 | $325,800 | 31.4% | 6.4% |
| Glenshaw | 9,139 | $92,864 | $249,500 | 49.8% | 7.1% |
| Perkasie | 9,216 | $93,845 | $372,100 | 43.5% | 6.7% |
| Kulpsville | 8,799 | $92,721 | $369,700 | 51.6% | 3.9% |
| Northwest Harborcreek | 8,753 | $93,617 | $225,800 | 38.2% | 6.8% |
Population Overview
Economy is a small city located in Pennsylvania, within Beaver County. The total population is 9,005. It ranks as the 112th most populous out of 1,991 Census-designated places in Pennsylvania.
Age Demographics
The median age in Economy is 50.7 years. This is 24% higher than the state median of 40.9 years.
Economy, Income & Housing
The median household income in Economy is $95,313. This is 22% higher than the state median of $77,971. It is also 18% higher than the national median of $80,734. The poverty rate stands at 6.5%. This is 44% lower than the state poverty rate of 11.7%. The unemployment rate is 3.3%. This is 38% lower than the state rate of 5.3%. The median home value is $250,800. Housing costs are 1% lower than the state median of $254,500. With a home-value-to-income ratio of just 2.6x, Economy is one of the most affordable housing markets in the area. 94.4% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 69.3%.
Race & Ethnicity
Economy has a predominantly White (non-Hispanic) population, comprising 94.3% of all residents. Black or African American residents account for 1.1%. The Black or African American population (1.1%) is well below the state average of 10.3%. The Hispanic or Latino population (0.4%) is well below the state average of 8.7%. The Asian population (0.1%) is well below the state average of 3.8%.
Education
37.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 5% higher than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.7%.
Data Sources & Methodology
All demographic data for Economy, Pennsylvania 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 Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Economy, Pennsylvania?
Economy, Pennsylvania has a population of 9,005 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Economy, PA?
The median household income in Economy is $95,313, which is 18% higher than the national median of $80,734.
What is the poverty rate in Economy, PA?
The poverty rate in Economy is 6.5%. This means approximately 586 residents live below the federal poverty line.
What is the racial makeup of Economy, Pennsylvania?
Economy's population is 94.3% White, 1.1% Black, 0.4% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Economy, PA?
The median home value in Economy is $250,800. The home-value-to-income ratio is 2.6x.
How educated is Economy, Pennsylvania?
37.0% of adults (25+) in Economy hold a bachelor's degree or higher, and 14.1% hold a graduate or professional degree.