Economy

County:: Allegheny County
County Seat:: No
Area (mi²):: 17.871
State:: Pennsylvania

Economy is a borough located in Allegheny County, Pennsylvania. Economy has a 2025 population of 8,880. Economy is currently declining at a rate of -0.46% annually and its population has decreased by -2.25% since the most recent census, which recorded a population of 9,084 in 2020.

The average household income in Economy is $123,817 with a poverty rate of 4.32%. The median age in Economy is 50.8 years: 50.7 years for males, and 50.9 years for females.

Demographics

The racial composition of Economy includes 94.13% White, and smaller percentages for Black or African American, Native American, other race, Asian, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Black or African American

Native American

Other race

Asian

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	8,511	94.13%
Two or more races	392	4.34%
Black or African American	112	1.24%
Native American	13	0.14%
Other race	8	0.09%
Asian	6	0.07%
Native Hawaiian or Pacific Islander	0	0%

Economy Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Economy's average per capita income is $59,163. Household income levels show a median of $94,430. The poverty rate stands at 4.32%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$121,935	-
Families	$112,148	$142,467
Households	$94,430	$123,817
Non Families	$59,301	$70,521

$59,163

Average Income

$94,430

Median Household Income

4.32%

Poverty Rate