Is Economy, Pennsylvania a Good Place To Live? - Living In Economy, PA
Is Economy, Pennsylvania a good place to live?
Economy is a city in Pennsylvania state in USA with a population of 9133 residents..
The poverty rate of Economy is 5.3%, which is 62% lower than national average.
The typical household in Economy earns $78556 a year, compared to the national median of $67,500.
Nearly 25% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Economy, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Economy remained 2.7%, which is 43% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Economy, only 31% of adults have a bachelor's degree and 30% have some college but no degree.
Cost of living in Economy is 102, which is 2% higher than national average. Median home value in Economy is $200000 , which is 13% lower than national average. While median income in Economy remained $78556, which is 16% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Economy, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Economy remained 2.7%, which is 43% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Economy, only 31% of adults have a bachelor's degree and 30% have some college but no degree.
Cost of living in Economy is 102, which is 2% higher than national average. Median home value in Economy is $200000 , which is 13% lower than national average. While median income in Economy remained $78556, which is 16% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
9133
Unemployment
2.7%
Poverty
5.3%
Overall Score
5
Median Home Cost
$200000
13%
NAT AVG.
Median Income
$78556
16%
NAT AVG.
Median Rent
$744
36%
NAT AVG.
Cost Of Living
102
2%
NAT AVG.
People Living BPL
1 in 19
Unemployed People
1 in 37
People Earning < $10,000
1 in 53
People Earning < $50,000
25%
People with <= High School
1 in 2.6
People With Any Degree
1 in 2.4
Pros & Cons Overview
Jobs85%
Housing70%
Affordability85%
Safety70%
Amenities70%
Diversity30%
Education85%
Commute60%
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