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.Unlike some boroughs where white-collar or blue-collar occupations dominate the local economy, Economy is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Economy is a borough of professionals, sales and office workers, and managers. There are especially a lot of people living in Economy who work in office and administrative support (13.22%), management occupations (10.39%), and sales jobs (9.35%). One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.03% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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. Because of many things, Economy is a great place for families with children to consider. First of all, many other families with children live here, making Economy a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Economy has a high rate of owner-occupied single family homes, which tends to reflect stability in the local 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. One downside of living in Economy, however, is that residents on average have to contend with a long commute, spending on average 30.41 minutes every day commuting to work. The population of Economy is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 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.
