Economy, IN

Census Place

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2021 Population

125

1.63% 1-year growth

US Senator

Todd Young

Republican Party

US Senator

Mike Braun

Republican Party

2021 Median Age

38.5

3.27% 1-year decrease

2021 Poverty Rate

9.6%

15.7% 1-year decrease

2021 Median Household Income

$51,250

5.13% 1-year growth

2021 Median Property Value

$64,000

About

In 2021, Economy, IN had a population of 125 people with a median age of 38.5 and a median household income of $51,250. Between 2020 and 2021 the population of Economy, IN grew from 123 to 125, a 1.63% increase and its median household income grew from $48,750 to $51,250, a 5.13% increase.

The 5 largest ethnic groups in Economy, IN are White (Non-Hispanic) (97.6%), Two+ (Non-Hispanic) (2.4%), White (Hispanic) (0%), Black or African American (Non-Hispanic) (0%), and Black or African American (Hispanic) (0%).

None of the households in Economy, IN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

100% of the residents in Economy, IN are U.S. citizens.

In 2021, the median property value in Economy, IN was $64,000, and the homeownership rate was 78.4%.

Most people in Economy, IN drove alone to work, and the average commute time was 28.2 minutes. The average car ownership in Economy, IN was 2 cars per household.

United States Indiana Wayne County, IN Richmond, IN Wayne, Fayette, Rush & Union Counties PUMA, IN

Population & Diversity

Economy, IN is home to a population of 125 people, from which 100% are citizens. As of 2021, 0% of Economy, IN residents were born outside of the country (0 people).

In 2021, there were 40.7 times more White (Non-Hispanic) residents (122 people) in Economy, IN than any other race or ethnicity. There were 3 Two+ (Non-Hispanic) and 0 White (Hispanic) residents, the second and third most common ethnic groups.

Citizenship

100%

2021 Citizenship

100%

2020 Citizenship

As of 2021, 100% of Economy, IN residents were US citizens, which is higher than the national average of 93.4%. In 2020, the percentage of US citizens in Economy, IN was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Economy, IN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Economy, IN

White (Non-Hispanic)
122 ± 48
Two+ (Non-Hispanic)
3 ± 15.6
White (Hispanic)
0 ± 12

Hispanic Population

0 people

0% of the people in Economy, IN are hispanic (0 people).

The following chart shows the 7 races represented in Economy, IN as a share of the total population.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
7 ± 7
Vietnam
7 ± 18
Gulf War (1990s)
0 ± 17

Economy, IN has a large population of military personnel who served in Gulf War (2001-), 1 times greater than any other conflict.

Economy

The economy of Economy, IN employs 61 people. The largest industries in Economy, IN are Health Care & Social Assistance (14 people), Manufacturing (9 people), and Transportation & Warehousing (6 people), and the highest paying industries are Manufacturing ($43,438), Transportation & Warehousing, & Utilities ($36,667), and Transportation & Warehousing ($36,667).

Employment

Occupations

2021 Value

± 70

−1.61%

1 Year decline

± 164%

From 2020 to 2021, employment in Economy, IN declined at a rate of −1.61%, from 62 employees to 61 employees.

The most common job groups, by number of people living in Economy, IN, are Building & Grounds Cleaning & Maintenance Occupations (7 people), Production Occupations (7 people), and Business & Financial Operations Occupations (6 people). This chart illustrates the share breakdown of the primary jobs held by residents of Economy, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

2021 Value

± 70

−1.61%

1 Year decline

± 164%

From 2020 to 2021, employment in Economy, IN declined at a rate of −1.61%, from 62 employees to 61 employees.

The most common employment sectors for those who live in Economy, IN, are Health Care & Social Assistance (14 people), Manufacturing (9 people), and Transportation & Warehousing (6 people). This chart shows the share breakdown of the primary industries for residents of Economy, IN, though some of these residents may live in Economy, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$38,594

Median earning men ± $5,157

$30,500

Median earning women ± $12,659

The industries with the best median earnings for men in 2021 are Manufacturing ($43,438) and Transportation & Warehousing, & Utilities ($36,667).

The industries with the best median earnings for women in 2021 are Educational Services, & Health Care & Social Assistance ($31,500).

Employment by Industry Sector

Data is only available at the state level. Showing data for false.

Y-Axis

2.75%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 155M people employed in Indiana. This represents a 2.75% increase in employment when compared to February 2022.

The following chart shows monthly employment numbers for each industry sector in Indiana.

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Indiana to other states, or from other states to Indiana.

Top Domestic Production in Dollars

In 2020, the top outbound Indiana product (by dollars) was Motorized vehicles with $74B, followed by Mixed freight ($43.5B) and Machinery ($35.1B).

The following chart shows the share of these products in relation to all outbound Indiana products.

Domestic Trade Growth

Showing data for Indiana.

$465B

2020 Value in Indiana

$895B

Projected 2050 Value in Indiana

92.4% growth

In 2020, total outbound Indiana trade was $465B. This is expected to increase 92.4% to $895B by 2050.

The following chart shows how the domestic outbound Indiana trade is projected to change in comparison to its neighboring states.

Interstate Trade

Interstate trade consists of products and services shipped from Indiana to other states, or from other states to Indiana.

Most Common Trade Partners

Illinois
$38.6B
Ohio
$37.8B
Michigan
$36.8B

In 2020, the top outbound Indiana domestic partner for goods and services (by dollars) was Illinois with $38.6B, followed by Ohio with $37.8B and Michigan and $36.8B.

The following map shows the amount of trade that Indiana shares with each state (excluding itself).

Civics

In the 2020 presidential election, the popular vote in Indiana went to Donald J. Trump with 57% of the vote. The runner-up was Joseph R Biden Jr. (41%), followed by Jo Jorgensen (1.95%).

Todd Young and Mike Braun are the senators currently representing the state of Indiana. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Indiana is currently represented by 9 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Presidential Popular Vote Over Time

Voting results are not available for Economy, IN. Showing the available data for Indiana.

2020 Election Results

Donald J. Trump (57%)
Republican Party
Joseph R Biden Jr. (41%)
Democratic Party
Jo Jorgensen (1.95%)
Libertarian Party

In the 2020 presidential election, the popular vote in Indiana went to Donald J. Trump with 57% of the vote. The runner-up was Joseph R Biden Jr. (41%), followed by Jo Jorgensen (1.95%).

The following chart shows the popular vote results in Indiana for each registered party from 1976 to 2020.

Senator Elections

US Senators from Indiana

Senatorial voting results are only available at the state level. Showing data for Indiana.

Todd Young

Senator from Indiana

Assumed office on January 3, 2017

Mike Braun

Senator from Indiana

Assumed office on January 3, 2019

Todd Young and Mike Braun are the senators currently representing Indiana.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Indiana over time, excluding special elections, colored by their political party.

US Representative Elections

US Representatives from Indiana

Indiana is currently represented by 9 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Indiana have changed over time starting in 2008.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for Indiana.

Measure

In 2021, 0.712% of men over 25 years of age had not completed any academic degree (no schooling), while 0.727% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for Indiana.

Race

The most common educational levels obtained by the working population in 2021 were High School or Equivalent (1.73M), Some college (1.13M), and Bachelors Degree (856k).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Economy, IN was $64,000 in 2021, which is 0.261 times smaller than the national average of $244,900. Between 2020 and 2021 the median property value increased from $64,000 to $64,000, a 0% change. The homeownership rate in Economy, IN is 78.4%, which is approximately the same as the national average of 64.6%.

People in Economy, IN have an average commute time of 28.2 minutes, and they drove alone to work. Car ownership in Economy, IN is approximately the same as the national average, with an average of 2 cars per household.

Property

$64,000

Median Property Value 2021

±$25,421

$40

Median Property Taxes

±$34

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Economy, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Economy, IN compared to it's parent and neighbor geographies.

Rent vs Own

78.4%

Homeownership

2021

67.6%

Homeowners with Mortgage

2021

In 2021, 78.4% of the housing units in Economy, IN were occupied by their owner. This percentage grew from the previous year's rate of 70.4%.

This chart shows the percentage of owner in Economy, IN compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Census Tract 103

Highest Median Household Income (Total)

The following map shows all of the places in Economy, IN colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$51,250

Median Household Income

± $21,398

Number of Households

± 33

In 2021, the median household income of the 51 households in Economy, IN grew to $51,250 from the previous year's value of $48,750.

The following chart displays the households in Economy, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $30k - $35k range.

Wage Distribution

The closest comparable wage GINI for Economy, IN is from Indiana.

0.449

2021 Wage GINI in Indiana

0.451

2020 Wage GINI in Indiana

In 2021, the income inequality in Indiana was 0.449 according to the GINI calculation of the wage distribution. Income inequality had a 0.514% decline from 2020 to 2021, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.478. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2021

Drove Alone (88.3%)
Carpooled (11.7%)
Public Transit (0%)

In 2021, 88.3% of workers in Economy, IN drove alone to work, followed by those who carpooled to work (11.7%) and those who used public transit to get to work (0%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

28.2 minutes

Average Travel Time

Using averages, employees in Economy, IN have a longer commute time (28.2 minutes) than the normal US worker (26.8 minutes). Additionally, 1.67% of the workforce in Economy, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Economy, IN compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Economy, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Economy, IN have 2 cars.

Poverty

Poverty & Diversity

9.6% of the population for whom poverty status is determined in Economy, IN (12 out of 125 people) live below the poverty line, a number that is lower than the national average of 12.6%. The largest demographic living in poverty are Females 16 - 17, followed by Males 35 - 44 and then Females 12 - 14.

The most common racial or ethnic group living below the poverty line in Economy, IN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

95.2% of the population of Economy, IN has health coverage, with 48% on employee plans, 16% on Medicaid, 17.6% on Medicare, 12% on non-group plans, and 1.6% on military or VA plans.

Primary care physicians in Wayne County, IN see 1689 patients per year on average, which represents a 2.65% decrease from the previous year (1735 patients). Compare this to dentists who see 1644 patients per year, and mental health providers who see 206 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Wayne County, IN.

1,689 to 1

Patient to Primary Care Physician Ratio in Wayne County, IN

Primary care physicians in Wayne County, IN see an average of 1,689 patients per year. This represents a 2.65% decrease from the previous year (1,735 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Wayne County, IN in comparison to its neighboring geographies.

Health Care Diversity

In 2021, insured persons according to age ranges were distributed in 23.2% under 18 years, 16.8% between 18 and 34 years, 35.2% between 35 and 64 years, and 24.8% over 64 years.

By gender, of the total number of insured persons, 49.3% were men and 50.7% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

4.8%

Uninsured

48%

Employer Coverage

16%

Medicaid

17.6%

Medicare

12%

Non-Group

1.6%

Military or VA

Between 2020 and 2021, the percent of uninsured citizens in Economy, IN declined by 1.6% from 4.88% to 4.8%.

The following chart shows how the percent of uninsured individuals in Economy, IN changed over time compared with the percent of individuals enrolled in various types of health insurance.