Economy is a somewhat small borough located in the state of Pennsylvania. With a population of 8,973 people and three associated neighborhoods, Economy is the 133rd largest community in Pennsylvania.
A relatively large number of people in Economy telecommute to their jobs. Overall, about 12.03% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Economy is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Economy’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Economy, however, the average commute to work is quite long. On average, people spend 30.41 minutes each day getting to work, which is significantly higher than the national average.
The education level of Economy citizens is very high relative to the national average among all cities (21.84%): 36.07% of adults in Economy have a bachelor's degree or even advanced degree.
The per capita income in Economy in 2022 was $48,979, which is wealthy relative to Pennsylvania and the nation. This equates to an annual income of $195,916 for a family of four.
The people who call Economy home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Economy residents report their race to be White, followed by Black or African-American. Important ancestries of people in Economy include German, Irish, Italian, English, and Polish.
The most common language spoken in Economy is English. Other important languages spoken here include Polish and French.