Median Income
$86,983
household / year
Median Home Value
$234,200
owner-occupied
Median Rent
$886
gross / month
Cost of Living
94
national avg = 100

Is Economy, PA a Good Place to Live?

Economy is a small town of 9,063 in Pennsylvania, with a median household income of $86,983 and a 3.3% unemployment rate. Its cost of living index is 94 (US average = 100), which is 6% below the national average.

Strengths: Economy stands out for an affordable cost of living, below-average home prices, lower-than-average crime, solid school ratings (A-), a well-educated population.

Trade-offs: No major red flags stand out in the available data. Whether Economy is right for you depends on your priorities — the full breakdown is below.

All Economy city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 94.4

Economy's overall cost of living index is 94.4, where 100 represents the US national average. Living in Economy costs roughly 6% less than the average American city.

Metric Economy, PA National Avg
Median Home Value $234,200 $244,900
Median Monthly Rent $886 $1,163
Homeownership Rate 93.0% 65.9%
Median Household Income $86,983 $74,755

Crime & Safety

Very Safe

Economy's violent crime rate is 22.4 per 100,000 residents — 94% lower than the national average of ~380 per 100,000.

Violent Crime
22.4 /100k
Property Crime
1232.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Economy is served primarily by Baden Academy CS. The student-to-teacher ratio is 13.5:1 (better than the national average of ~16:1).

Metric Economy, PA National Avg
School District Baden Academy CS
Elementary Schools 1
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio 13.5:1 16:1
Bachelor's Degree or Higher 36.1% 35.4%
High School Diploma or Higher 96.8% 91.1%

Weather & Climate

Economy sees average highs of 35.5°F in January and 83.7°F in July, with 38.5 inches of annual precipitation and 19.8 inches of snow per year.

MetricEconomy, PA
Average High — January35.5°F
Average High — July83.7°F
Annual Precipitation38.5"
Annual Snowfall19.8"

Demographics

MetricEconomy, PANational Avg
Population9,063
Median Age50.938.9
Unemployment Rate3.3%3.7%
Avg Commute Time28.0 min26 min
White (non-Hispanic)94.0%59.3%
Black or African American1.3%13.6%
Hispanic or Latino2.4%18.9%
Asian0.1%6.3%
Under 1816.0%22.2%
65 and over27.8%16.8%

Nearby Cities

ZIP Codes in Economy

Economy, PA is covered by 3 ZIP codes:

Economy vs Other Cities

Frequently Asked Questions

Economy's cost of living index is 94, where 100 is the national average. That makes Economy roughly 6% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $234,200 and median rent is $886/month.
Economy's violent crime rate is 22.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1232.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Economy are operated by Baden Academy CS. The district has 1 elementary, several middle, and several high schools. The student-to-teacher ratio is 13.5:1. 36.1% of adults 25+ hold a bachelor's degree or higher.
Economy, PA has a population of 9,063, a median household income of $86,983, and an unemployment rate of 3.3%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Economy averages 35.5°F in January and 83.7°F in July. Annual rainfall is 38.5 inches with about 19.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Economy, PA is covered by 3 ZIP codes: 15005, 15042, 15003.
The population of Economy, Pennsylvania is 9,063 with a median age of 50.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Economy: cost of living index 94 (100 = US average), median home $234,200, median household income $86,983, crime index 27 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Economy side by side with your current city to see the trade-offs.