Economy, IN
Population 150 · Indiana
About Economy, IN
Economy is a small community located in Indiana with a population of 150 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,063 per year, which is 41% below the national median of $75,149. The median age of 46.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Economy features a median home value of $50,000, which is 80% below the national median of $244,900. This makes Economy one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $708, 39% below the national average of $1,163/month. Of the 76 total housing units, 92% are owner-occupied (54 units) and 8% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Economy shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.0%, above the national average of 12.4%. Workers in Economy have an average one-way commute time of 33.1 minutes.
Education & Demographics
10.4% of Economy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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.
Compare Economy With Other Cities
Frequently Asked Questions about Economy
What is the population of Economy, IN?
The population of Economy, IN is 150 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Economy?
The median household income in Economy, IN is $44,063 per year, which is 41% below the national median of $75,149.
What is the median home value in Economy?
The median home value in Economy, IN is $50,000, which is 80% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Economy?
The median monthly rent in Economy, IN is $708, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Economy?
The unemployment rate in Economy, IN is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Economy, IN a good place to live?
Economy offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 150 and a median age of 46.7, the city appeals to established professionals and retirees.
How educated is Economy, IN?
10.4% of residents in Economy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Economy?
Key cost-of-living indicators for Economy, IN: median home value is $50,000 (80% below national), median rent is $708/month, and median household income is $44,063. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Economy?
The poverty rate in Economy, IN is 20.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Economy, IN?
Economy's population is 0.0% White, 3.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.