Economy

Population: 9,042
Median household income: $94,430
Median home value: $244,700

Economy is a community in Beaver County, Pennsylvania, home to 9,042 residents. At $94,430, its median household income sits above Beaver County's $70,156.

Between 2019 and 2023, Economy's population declined 1.5% from 9,182 to 9,042, while its median home value rose 33.6% from $183,100 to $244,700.

White (non-Hispanic) residents are the largest group, 93.9% of the population. 77.2% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 9,042
Median age: 50.8 yrs
Median household income: $94,430
Median home value: $244,700
Median gross rent: $907
Housing units: 3,959
Homeownership rate: 93.7%
Bachelor's degree or higher: 38.2%
Unemployment rate: 3.1%

Trends

ACS 5-year · 2019–2023

Population

9,1829,042

Median household income

$81,938$94,430

Median home value

$183,100$244,700

Median gross rent

$700$907

Year	Population	Median household income	Median home value	Median gross rent
2019	9,182	$81,938	$183,100	$700
2020	9,133	$78,556	$200,000	$744
2021	9,057	$83,640	$214,700	$818
2022	9,063	$86,983	$234,200	$886
2023	9,042	$94,430	$244,700	$907

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

Age distribution

Under 54.2%

5 to 1711.8%

18 to 244.5%

25 to 3411.2%

35 to 449.9%

45 to 5413.8%

55 to 6416.0%

65 to 7418.7%

75 and over9.9%

	Count	Share
Under 5	383	4.2%
5 to 17	1,064	11.8%
18 to 24	407	4.5%
25 to 34	1,013	11.2%
35 to 44	899	9.9%
45 to 54	1,245	13.8%
55 to 64	1,448	16.0%
65 to 74	1,692	18.7%
75 and over	891	9.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	8,487	93.9%
Black or African American	112	1.2%
American Indian & Alaska Native	0	0.0%
Asian	6	0.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	8	0.1%
Two or more races	366	4.0%
Hispanic or Latino (any race)	63	0.7%

Educational attainment (age 25+)

No high school diploma1.7%

High school graduate30.6%

Some college or associate's29.6%

Bachelor's degree22.8%

Graduate or professional degree15.4%

	Count	Share
No high school diploma	119	1.7%
High school graduate	2,197	30.6%
Some college or associate's	2,128	29.6%
Bachelor's degree	1,640	22.8%
Graduate or professional degree	1,104	15.4%

Commute to work

Mean travel time to work: 29 min

Drove alone77.2%

Carpooled5.0%

Public transit0.0%

Walked1.2%

Bicycle0.0%

Worked from home15.8%

Other means0.8%

How workers get to work

	Count	Share
Drove alone	3,715	77.2%
Carpooled	239	5.0%
Public transit	0	0.0%
Walked	60	1.2%
Bicycle	0	0.0%
Worked from home	761	15.8%
Other means	37	0.8%

Travel time

	Count	Share
Under 15 min	511	12.6%
15 to 29 min	1,677	41.4%
30 to 44 min	1,166	28.8%
45 to 59 min	523	12.9%
60+ min	174	4.3%

Households

Average household size: 2.39
Poverty rate: 4.3% (390 of 9,033)

	Count	Share
Family households	2,747	72.5%
Nonfamily households	1,041	27.5%

Housing

Median year structure built: 1972

Occupancy

	Count	Share
Occupied	3,788	95.7%
Vacant	171	4.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	3,548	93.7%
Renter-occupied	240	6.3%

1-unit, detached93.7%

1-unit, attached3.5%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other2.8%

Units in structure

	Count	Share
1-unit, detached	3,710	93.7%
1-unit, attached	140	3.5%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	109	2.8%

Geography

Place GEOID: 4222264
Type (LSAD): 21
Land area: 18 sq mi
Water area: 0.05 sq mi
Center point: 40.6437, -80.1863