Pennsylvania · Metropolitan Area
Economy is a small city in Pennsylvania with a population of 9,042. Residents earn $94,430 per year, which is 26% above the national average.
Based on current data, Economy receives an overall livability score of 3.7 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, low unemployment, low crime rates, a highly educated population. Economy offers a solid quality of life with a good balance of affordability, safety, and opportunity.
The median household income in Economy is $94,430, 26% above the national average of $75,149. Residents generally enjoy above-average earning potential. The job market is very strong with unemployment at just 2.0%. Only 4.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 29 minutes.
The median home value in Economy is $244,700, 13% below the national median — offering relatively affordable homeownership. Renters pay a median of $907 per month, below the national average — a plus for affordability. At just 2.6x median income, home prices are very affordable relative to local earnings.
Economy is a very safe community with a violent crime rate of 54 per 100,000 residents — well below the national average of 380. Property crime occurs at a rate of 998 per 100,000, 49% below the national average.
Educational attainment is solid, with 38.2% holding a bachelor's degree or higher, near the national average. 98.3% have completed high school. Area schools have an average test score of 5.9/10.
Economy experiences four distinct seasons with an average temperature of 52°F. Winters average 28°F in January while summers reach 74°F in July. Annual precipitation totals 38.6 inches, including 19.8 inches of snow. Air quality is rated Good with a median AQI of 40.
| English Only | 97.0% |
| 24% above US avg | |
| Spanish | 3.0% |
| 78% below US avg |
| Median HH Income | $94,430 |
| 26% above US avg | |
| Per Capita Income | $52,016 |
| Avg Weekly Wage | $1,131 |
| IRS Avg AGI | $69,750 |
| Unemployment | 2.0% |
| 44% below US avg | |
| Poverty Rate | 4.0% |
| 68% below US avg | |
| Establishments (County) | 3,586 |
| County GDP | $8,033M |
| Restaurants | 311 |
| Healthcare | 472 |
| Retail | 475 |
| Manufacturing | 159 |
| Property Tax (IRS) | $5,587 |
| 60% above US avg | |
| Effective Tax Rate | 2.28% |
| Commute Time | 28.9 min |
| Work from Home | 15.8% |
| Census Median | $244,700 |
| 13% below US avg | |
| Median List Price | $439,900 |
| Median List Price | $439,900 |
| $/Sq Ft | $178 |
| Homes Sold | 7 |
| Sale-to-List Ratio | 97.8% |
| Price Drops | 21.1% |
| Inventory | 19 |
| Census Median Rent | $907 |
| 22% below US avg |
| Studio | $900 |
| 1 Bedroom | $996 |
| 2 Bedrooms | $1,225 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,744 |
| Owner-Occupied | 93.7% |
| Avg Tax (IRS) | $5,587 |
| 60% above US avg | |
| Effective Rate | 2.28% |
| Insurance Rate | 96.8% |
| Premature Death | 9,406/100K |
| Food Environment | 7.8/10 |
| Exercise Access | 86.4% |
| Healthcare Facilities | 472 |
| Total Violent | 53.6/100K |
| 86% below US avg | |
| Murder | 0.0/100K |
| 100% below US avg | |
| Rape | 21.5/100K |
| Robbery | 32.2/100K |
| Assault | 0.0/100K |
| Total Property | 997.5/100K |
| 49% below US avg | |
| Burglary | 96.5/100K |
| Theft | 890.3/100K |
| Vehicle Theft | 10.7/100K |
| Arson | 0.0/100K |
| Fatal Crashes (County/yr) | 13 |
| Safety Grade | F |
| Safety Score | 1.0 / 5.0 |
| Annual Average | 51.7°F |
| 4% below US avg | |
| January Average | 28°F (-2°C) |
| July Average | 74°F (23°C) |
| Annual Rainfall | 38.6 inches |
| 1% above US avg | |
| Snowfall | 19.8 inches/yr |
| AQI Median | 40.0 |
| Rating | Good |
| Elevation | 922 ft (281 m) |
| Area | 17.9 sq mi (46.3 km²) |
| Population Density | 506/sq mi |
| Coordinates | 40.6437°N, 80.1863°W |
| County FIPS | 42007 |
Winner: Republican by 20.7 points
| Bachelor's Degree+ | 38.2% |
| 13% above US avg | |
| High School+ | 98.3% |
| School Test Score | 5.95 |
| RUCC Code 1 | Metro — 1 million+ |
| Population Density | 506/sq mi |
| Total Area | 17.9 sq mi |
| Public Libraries | 11 |
| Healthcare Facilities | 472 |
| Restaurants | 311 |
| Retail Stores | 475 |
| Fatal Crashes (County/yr) | 13 |
| Avg Commute | 28.9 min |
| Work from Home | 15.8% |