Economy

Population: 150
Median household income: $44,063
Median home value: $50,000

Economy is a community in Wayne County, Indiana, home to 150 residents. At $44,063, its median household income sits below Wayne County's $56,652.

From 2019 to 2023, Economy's population grew 11.1% from 135 to 150, while its median home value fell 25.9% from $67,500 to $50,000.

The typical home was built around 1938. 20.0% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 150
Median age: 46.7 yrs
Median household income: $44,063
Median home value: $50,000
Median gross rent: $708
Housing units: 76
Homeownership rate: 91.5%
Bachelor's degree or higher: 10.4%
Unemployment rate: 6.3%

Trends

ACS 5-year · 2019–2023

Population

135150

Median household income

$48,125$44,063

Median home value

$67,500$50,000

Median gross rent

$769$708

Year	Population	Median household income	Median home value	Median gross rent
2019	135	$48,125	$67,500	$769
2020	123	$48,750	$64,000	$642
2021	125	$51,250	$64,000	$675
2022	131	$50,000	$60,000	$820
2023	150	$44,063	$50,000	$708

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 50.0%

5 to 1722.0%

18 to 241.3%

25 to 346.0%

35 to 4419.3%

45 to 5416.0%

55 to 646.0%

65 to 7418.0%

75 and over11.3%

	Count	Share
Under 5	0	0.0%
5 to 17	33	22.0%
18 to 24	2	1.3%
25 to 34	9	6.0%
35 to 44	29	19.3%
45 to 54	24	16.0%
55 to 64	9	6.0%
65 to 74	27	18.0%
75 and over	17	11.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	145	96.7%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	5	3.3%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma7.8%

High school graduate52.2%

Some college or associate's29.6%

Bachelor's degree5.2%

Graduate or professional degree5.2%

	Count	Share
No high school diploma	9	7.8%
High school graduate	60	52.2%
Some college or associate's	34	29.6%
Bachelor's degree	6	5.2%
Graduate or professional degree	6	5.2%

Commute to work

Mean travel time to work: 33 min

Drove alone63.6%

Carpooled34.5%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home1.8%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	35	63.6%
Carpooled	19	34.5%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	1	1.8%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	3	5.6%
15 to 29 min	20	37.0%
30 to 44 min	19	35.2%
45 to 59 min	9	16.7%
60+ min	3	5.6%

Households

Average household size: 2.54
Poverty rate: 20.0% (30 of 150)

	Count	Share
Family households	46	78.0%
Nonfamily households	13	22.0%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	59	77.6%
Vacant	17	22.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	54	91.5%
Renter-occupied	5	8.5%

1-unit, detached82.9%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other17.1%

Units in structure

	Count	Share
1-unit, detached	63	82.9%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	13	17.1%

Geography

Place GEOID: 1820152
Type (LSAD): 43
Land area: 0.09 sq mi
Water area: 0 sq mi
Center point: 39.9773, -85.0868