Economy, IN
Population 150 · Indiana
About Economy, IN
Economy is a small community in Indiana with a population of 150 residents. The median household income is $44,063 per year, which is below the national average. The median age in Economy is 46.7 years.
Housing in Economy has a median home value of $50,000 and median monthly rent of $708. Of the 76 total housing units, the majority are owner-occupied, with 54 owner-occupied and 5 renter-occupied units.
The unemployment rate in Economy is 6.3% and the poverty rate is 20.0%. 10.4% of residents hold a bachelor's degree or higher. The average commute time is 33.1 minutes.
How Economy Ranks in Indiana
Cost of Living in Economy, IN
Compared to national averages, Economy has a median household income of $44,063 (41% below the national median of $75,149). Home values average $50,000, which is 80% below the national median. Monthly rent at $708 is 39% below the US average of $1,163. Within Indiana, Economy's income is 36% below the state average of $69,330, and home values are 69% below the state median of $163,409.
Why Live in Economy, IN?
Economy offers affordable housing with a median home value of $50,000, below the US average of $244,900, and rent that’s lower than the national average at $708/month.
Potential considerations include median household income ($44,063) that falls below the national average. However, Economy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Economy has a population of 150 with a median age of 46.7 years. Compare Economy with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Economy
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Martinsburg | 150 | $0 | $99,800 | Compare |
| Butlerville | 149 | $0 | $0 | Compare |
| Newtonville | 151 | $96,806 | $0 | Compare |
| Webster | 149 | $75,511 | $94,800 | Compare |
| Cannelburg | 153 | $67,708 | $187,500 | Compare |
| Spurgeon | 147 | $61,750 | $107,100 | Compare |
| Ulen | 147 | $0 | $437,100 | Compare |
| Blanford | 154 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Economy
What is the population of Economy, IN?
The population of Economy, IN is 150 according to the latest Census data.
What is the median household income in Economy?
The median household income in Economy, IN is $44,063 per year.
What is the median home value in Economy?
The median home value in Economy, IN is $50,000.
What is the average rent in Economy?
The median monthly rent in Economy, IN is $708.
What is the unemployment rate in Economy?
The unemployment rate in Economy, IN is 6.3%.