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Economy, IN
Full City Profile · Indiana · Wayne County County
Economy, IN
At a Glance
How Economy Compares to the U.S. Average
Each bar shows Economy's value as a percentage of the national average (100% = U.S. avg)
Is Economy a Good Place to Live?
Economy & Jobs
Economy residents earn a median household income of $44,063 , which is 41% below the national average of $75,149. Per capita income is $24,467. The unemployment rate stands at 3.0% (17% below the U.S. rate of 3.6%). 28.3% of residents live below the poverty line. The area is home to 1,496 business establishments, including 143 restaurants.
Housing & Cost of Living
The median home value in Economy is $50,000 , 82% below the national median of $281,900. Zillow estimates the typical home at $251,715. Median rent is $708/month, with 17.5% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1938.
Safety & Crime
Economy reports 285 violent crimes per 100,000 residents , which is 25% below the national average of 380/100K. Property crime is 1,425/100K.
Education
10.4% of adults in Economy hold a bachelor's degree or higher (69% below the national average). 92.2% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Economy has an average annual temperature of 50°F (10°C). Winters average 26°F in January while summers reach 72°F in July. The area gets 297 sunny days per year. Air quality is rated Good with a median AQI of 41.