Economy, PA
Population 9,042 · Pennsylvania
About Economy, PA
Economy is a small town located in Pennsylvania with a population of 9,042 residents according to the latest US Census Bureau American Community Survey data. The median household income is $94,430 per year, which is 26% above the national median of $75,149. The median age of 50.8 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 $244,700, which is 0% below the national median of $244,900. This positions Economy in a moderately priced market relative to the rest of the country. Median monthly rent is $907, 22% below the national average of $1,163/month. Of the 3,959 total housing units, 94% are owner-occupied (3,548 units) and 6% are renter-occupied (240 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Economy shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Economy have an average one-way commute time of 28.9 minutes.
Education & Demographics
38.2% of Economy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.1% White, 1.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Economy, PA
Compared to national averages, Economy has a median household income of $94,430 (26% above the national median of $75,149). Home values average $244,700, which is 0% below the national median. Monthly rent at $907 is 22% below the US average of $1,163. Within Pennsylvania, Economy's income is 29% above the state average of $73,376, and home values are 28% above the state median of $190,903.
Why Live in Economy, PA?
Economy offers a strong local economy with a median household income of $94,430, well above the national average, and affordable housing with a median home value of $244,700, below the US average of $244,900, and rent that’s lower than the national average at $907/month. Additionally, the city features a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 38.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.3%, better than the national average.
Economy has a population of 9,042 with a median age of 50.8 years. Compare Economy with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Economy
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sanatoga | 9,048 | $86,624 | $280,100 | Compare |
| Harleysville | 9,034 | $111,530 | $416,400 | Compare |
| Audubon | 9,014 | $107,785 | $441,800 | Compare |
| Kulpsville | 8,990 | $89,006 | $337,100 | Compare |
| Fairless Hills | 8,985 | $80,625 | $328,000 | Compare |
| Aliquippa | 9,146 | $51,050 | $96,800 | Compare |
| Northwest Harborcreek | 8,908 | $87,601 | $215,200 | Compare |
| Perkasie | 9,176 | $99,474 | $338,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Economy, PA is 9,042 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Economy?
The median household income in Economy, PA is $94,430 per year, which is 26% above the national median of $75,149.
What is the median home value in Economy?
The median home value in Economy, PA is $244,700, which is 0% 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, PA is $907, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Economy?
The unemployment rate in Economy, PA is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Economy, PA a good place to live?
Economy offers above-average incomes, affordable housing, and a strong job market. With a population of 9,042 and a median age of 50.8, the city appeals to established professionals and retirees.
How educated is Economy, PA?
38.2% of residents in Economy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Economy?
Key cost-of-living indicators for Economy, PA: median home value is $244,700 (0% below national), median rent is $907/month, and median household income is $94,430. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Economy?
The poverty rate in Economy, PA is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Economy, PA?
Economy's population is 0.1% White, 1.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 1.2% two or more races. 2.8% of residents are foreign-born.