Pros and Cons of Living In Economy, Pennsylvania. Is Economy, PA a Nice Place To Live or Retire?

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Economy, Pennsylvania

Moving to Economy In Pennsylvania ? Is Economy, PA a Nice Place To Live? Pros and Cons of Living in Economy, Pennsylvania. Find out the best and worst about to live, raise a family or retire in Economy.

Economy is a borough in Beaver County, Pennsylvania, United States. The population was 9,098 at the 2020 census. It is a part of the Pittsburgh metropolitan area.

DEMOGRAPHICS

Population
9133
Unemployment
2.7%
43% NAT AVG.
Poverty
5.3%
62% NAT AVG.
Cost Of Living
102
2% NAT AVG.

ECONOMICS

Median Home Cost
$200000
13% NAT AVG.
Median Income
$78556
16% NAT AVG.
Median Rent
$744
36% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
91
58% NAT. AVG.
51% STATE AVG.
Violent Crime
2
94% NAT. AVG.
94% STATE AVG.
Property Crime
89
51% NAT. AVG.
41% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 19
Unemployed People
1 in 37
People Earning < $10,000
1 in 53
People Earning < $50,000
25%
People With Any Degree
1 in 2.4

ETHNICITY

Ethnicity Economy USA
White 96.2% 60.1%
African American 0.6% 12.2%
American Indian 0% 0.6%
Asian 0% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.9% 2.8%
Hispanic 1.4% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Economy USA
Less than $10,000 1.9% 5.8%
$10,000 to $14,999 2.2% 4.1%
$15,000 to $24,999 6.7% 8.5%
$25,000 to $34,999 4.3% 8.6%
$35,000 to $49,999 9.9% 12.0%
$50,000 to $74,999 22.5% 17.2%
$75,000 to $99,999 15.4% 12.8%
$100,000 to $149,999 22.2% 15.6%
$150,000 to $199,999 8.2% 7.1%

EDUCATION

Education Economy USA
< 9th Grade 1% 5.0%
9-12th Grade 3% 7.0%
High School or GED 35% 27.0%
Other College 19% 20.0%
Associate's Degree 11% 9%
Bachelor's Degree 20% 20.0%
Master's Degree 8% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
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. The unemployment rate of Economy remained 2.7%, which is 43% lower than national rate.

Cost of living in Economy is 102, which is 2% higher than national average. In Economy, only 31% of adults have a bachelor's degree and 30% have some college but no degree. 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.
Economy Scorecard

Jobs85%

Housing70%

Affordability85%

Safety70%

Amenities70%

Diversity30%

Education85%

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