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Economy borough, Pennsylvania

City

Population: 9,042 (2023 estimate)

Located in Pennsylvania , Pennsylvania

Census Bureau data for Economy borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Economy borough

What is the median household income in Economy borough?
The median household income in Economy borough is $94,430 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Economy borough?
The poverty rate in Economy borough is 4.0% (U.S. Census Bureau ACS 2023).
What is the median home value in Economy borough?
$244,700 (U.S. Census Bureau ACS 2023).
What is the average rent in Economy borough?
The median gross rent in Economy borough is $907 per month (U.S. Census Bureau ACS 2023).
What percentage of Economy borough residents have a college degree?
38.2% of adults in Economy borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
9,042
Median Income
$94,430
Median Home Value
$244,700
Poverty Rate
4.0%
Unemployment (ACS 2023)
3.1%
Median Age
50.0 yrs
Since 2019 Median Income: +$12,492 (+15.2%) Home Value: +$61,600 (+33.6%) Poverty Rate: +1.2 pp (+42.9%) Bachelor's+: +6.9 pp (+22%) Unemployment: +0.4 pp (+14.8%)

Demographics

Total Population 9,042
Median Age 50.0
Female 50.0%
Race & Ethnicity
Hispanic or Latino 0.7% White (non-Hisp.) 93.9% Black 1.2% Asian 0.1% Two or More 4.3% Other 0.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $94,430 ±$12,153
+$18,349 vs. state
Per Capita Income $122,518
Median Family Income $112,148
Poverty Rate 4.0%
-4.1 pp vs. state
Child Poverty Rate 8.5%
Working-Age Poverty Rate —
SNAP Recipients 3.4%
Social Security Income —
Retirement Income 37.9%
Household Income Distribution
< $10k
0.9%
$10–15k
1.2%
$15–25k
4.8%
$25–35k
3.2%
$35–50k
7.2%
$50–75k
24.1%
$75–100k
11.4%
$100–150k
20.6%
$150–200k
12.0%
$200k+
14.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 3,959
Owner-Occupied 93.7%
Renter-Occupied 6.3%
Vacancy Rate 4.3%
Median Home Value $244,700
+$4,200 vs. state
Median Gross Rent $907
Owner Cost Burden (30%+) 13.7%
Renter Cost Burden (30%+) 15.9%
Home Value Distribution
< $50k
1.1%
$50–100k
2.8%
$100–200k
10.6%
$200–300k
39.1%
$300–500k
26.9%
$500k–$1M
2.9%
$1M+
1.0%
Gross Rent Distribution
< $500
7.2%
$500–1k
55.8%
$1–1.5k
32.2%
$1.5–2k
1.0%
$2–2.5k
3.8%
Vehicle Availability
No vehicle
4.3%
1 vehicle
18.6%
2 vehicles
48.6%
3+
28.5%
Housing Type
Single-fam. det.
93.7%
Single-fam. att.
3.5%
Mobile home
2.8%
Housing Age
Pre-1940
8.3%
1940–1969
6.9%
1970–1999
22.1%
2000–2009
3.8%
2010+
5.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 98.3%
Bachelor's or Higher 38.2%
+3.7 pp vs. state
Graduate Degree 15.4%
Some College / Associate 15.4%
Less Than High School 0.8%
Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 64.6%
Unemployment Rate 3.1%
-2.1 pp vs. state
Work from Home 15.8%
Self-Employed 4.0%
Government Workers 8.4%
Private For-Profit 87.6%
Industry
Edu/Health
24.3%
Prof. Services
14.1%
Manufacturing
10.1%
Retail
9.8%
Transportation
8.7%
Arts/Entmt.
8.3%
Finance
6.8%
Construction
6.3%
Public Admin
2.7%
Wholesale
2.6%
Information
1.2%
Agriculture
1.1%
Occupation
Management
46.3%
Sales
21.7%
Food Prep
15.4%
Production
9.6%
Construction
7.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 28.9 min
Drove Alone 77.2%
Carpool 5.0%
Public Transit 0.0%
Work from Home 15.8%
Walked 1.2%
Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 3,788
Avg. Household Size 2.00
Avg. Family Size —
Married-Couple Households 64.3%
Single-Mother Households —
Single-Father Households —
Living Alone —
Households with Children 18.1%
Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
4.2%
5–9
4.7%
10–14
4.4%
15–19
4.4%
20–24
2.9%
25–34
11.2%
35–44
9.9%
45–54
13.8%
55–64
6.6%
65–74
9.5%
75–84
18.7%
85+
7.3%
Under 18: 16.0% Working age (18–64): 84.0% 65 and over: 28.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 2.8%
Naturalized Citizen 89.0%
Speaks English Less Than Very Well 0.1%
Foreign-Born Origin
Europe
80.8%
Africa
6.7%
Latin America
2.4%
Asia
2.4%

Veterans & Disability

Veteran 8.3%
With a Disability 11.0%
Cognitive Difficulty —
Ambulatory Difficulty —

Health Insurance

Insured 97.0%
Uninsured 3.0%
Employer Insurance —
Medicaid —
Medicare —

Technology & Mobility

Broadband Internet 90.4%
Has a Computer 94.1%
Same House 1 Year Ago 94.8%
Moved from Abroad 0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Compare Economy borough

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Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured