Economy, Indiana

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Population in 2013: 183 (0% urban, 100% rural). Population change since 2000: -8.5%
 
Males: 112  (61.5%)
Females: 71  (38.5%)
Median resident age:  38.6 years
Indiana median age:  40.1 years

Zip codes: 47339, 47346.

Economy Zip Code Map
Estimated median household income in 2012: $23,196 (it was $37,083 in 2000)
Economy:

$23,196
IN:

$46,974
Estimated per capita income in 2012: $12,428 (it was $17,609 in 2000)

Economy town income, earnings, and wages data

Estimated median house or condo value in 2012: $49,913 (it was $52,700 in 2000)
Economy:

$49,913
IN:

$122,700
Mean prices in 2012: All housing units: $56,894; Detached houses: $56,894

Median gross rent in 2012: $756.

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Data:
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Based on 2000-2011 data
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123
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Economy races chart
  • White alone - 180 (96.3%)
  • Hispanic - 4 (2.1%)
  • Two or more races - 3 (1.6%)

Races in Economy detailed stats: ancestries, foreign born residents, place of birth

Mar. 2012 cost of living index in Economy: 85.6 (less than average, U.S. average is 100)
Economy, IN forum
Recent posts about Economy, Indiana on our local forum with over 1,800,000 registered users. Economy is mentioned 1,457 times on our forum:
Indianapolis or Charlotte?  (57 replies)
Shopping in Munster, Indiana  (158 replies)
Moving from chicago to marion county.  (69 replies)
Indy Passing Detroit "City" Pop to Hit 1 Million??  (81 replies)
Moving from Chicago to Indy-Good areas in Indy?  (137 replies)
The State House Is Insane  (166 replies)

Latest news from Economy, IN collected exclusively by city-data.com from local newspapers, TV, and radio stations

Ancestries: United States (33.0%), German (22.0%), Irish (15.6%), Greek (12.8%), English (3.7%).

Current Local Time: EST time zone

Elevation: 1146 feet

Land area: 0.10 square miles.

Population density: 1,887 people per square mile   (low).

Economy, Indiana map

For population 25 years and over in Economy:

  • High school or higher: 83.0%
  • Bachelor's degree or higher: 2.6%
  • Graduate or professional degree: 2.6%
  • Unemployed: 6.0%
  • Mean travel time to work (commute): 24.3 minutes

For population 15 years and over in Economy town:

  • Never married: 16.0%
  • Now married: 51.0%
  • Separated: 13.1%
  • Widowed: 9.9%
  • Divorced: 9.8%

4 residents are foreign born

This town:  2.0%
Indiana:  4.6%



According to our research of Indiana and other state lists there was 1 registered sex offender living in Economy, Indiana as of April 27, 2015.
The ratio of number of residents in Economy to the number of sex offenders is 185 to 1.


Median real estate property taxes paid for housing units with mortgages in 2012: $500 (0.9%)
Median real estate property taxes paid for housing units with no mortgage in 2012: $392 (0.7%)

Economy satellite photo by USGS

Nearest city with pop. 50,000+: Muncie, IN (21.9 miles , pop. 67,430).

Nearest city with pop. 200,000+: Indianapolis, IN (57.8 miles , pop. 781,870).

Nearest city with pop. 1,000,000+: Chicago, IL (187.1 miles , pop. 2,896,016).

Nearest cities: Modoc, IN (2.3 miles ), Hagerstown, IN (2.4 miles ), Losantville, IN (2.5 miles ), Greens Fork, IN (2.5 miles ), Mooreland, IN (3.0 miles ), Fountain City, IN (3.0 miles ), Lynn, IN (3.0 miles ), Blountsville, IN (3.2 miles) .

Latitude: 39.98 N, Longitude: 85.09 W

Area code commonly used in this area: 765

Economy household income distribution Economy home values distribution
Unemployment in June 2014:
Here:

7.0%
Indiana:

6.1%

Unemployment by year (%)

Population change in the 1990s: +45 (+29.0%).
Most common industries in 2008-2012 (%)
Males Females
  • Manufacturing (29%)
  • Construction (21%)
  • Administrative and support and waste management services (21%)
  • Retail trade (17%)
  • Wholesale trade (8%)
  • Transportation and warehousing (4%)
  • Agriculture, forestry, fishing and hunting (0%)
  • Transportation and warehousing (35%)
  • Educational services (27%)
  • Health care and social assistance (12%)
  • Retail trade (8%)
  • Accommodation and food services (8%)
  • Other services, except public administration (8%)
  • Public administration (4%)
Most common occupations (%)
Males Females
  • Retail sales workers except cashiers (16%)
  • Other office and administrative support workers including supervisors (16%)
  • Cooks and food preparation workers (8%)
  • Electricians (8%)
  • Metal workers and plastic workers (8%)
  • Other production occupations including supervisors (8%)
  • Drafters, engineering, and mapping technicians (5%)
  • Assemblers and fabricators (20%)
  • Building and grounds cleaning and maintenance occupations (18%)
  • Retail sales workers except cashiers (10%)
  • Material recording, scheduling, dispatching, and distributing workers (10%)
  • Bookkeeping, accounting, and auditing clerks (8%)
  • Secretaries and administrative assistants (8%)
  • Other sales and related workers including supervisors (5%)

Work and jobs in Economy: detailed stats about occupations, industries, unemployment, workers, commute

Average climate in Economy, Indiana

Based on data reported by over 4,000 weather stations

Economy, Indiana average temperatures Economy, Indiana average precipitation Economy, Indiana humidity Economy, Indiana wind speed Economy, Indiana snowfall Economy, Indiana sunshine Economy, Indiana clear and cloudy days

Tornado activity:

Economy-area historical tornado activity is near Indiana state average. It is 107% greater than the overall U.S. average.

On 4/3/1974, a category F4 (max. wind speeds 207-260 mph) tornado 11.0 miles away from the Economy town center killed one person and injured 12 people and caused between $5,000,000 and $50,000,000 in damages.

On 4/3/1974, a category F4 tornado 19.3 miles away from the town center injured 17 people and caused between $5,000,000 and $50,000,000 in damages.

Earthquake activity:

Economy-area historical earthquake activity is slightly below Indiana state average. It is 83% smaller than the overall U.S. average.

On 7/27/1980 at 18:52:21, a magnitude 5.2 (5.1 MB, 4.7 MS, 5.0 UK, 5.2 UK, Class: Moderate, Intensity: VI - VII) earthquake occurred 137.0 miles away from the city center
On 4/18/2008 at 09:36:59, a magnitude 5.4 (5.1 MB, 4.8 MS, 5.4 MW, 5.2 MW, Depth: 8.9 mi) earthquake occurred 183.4 miles away from Economy center
On 6/10/1987 at 23:48:54, a magnitude 5.1 (4.9 MB, 4.4 MS, 4.6 MS, 5.1 LG) earthquake occurred 169.6 miles away from the city center
On 7/12/1986 at 08:19:37, a magnitude 4.5 (4.5 MB, Class: Light, Intensity: IV - V) earthquake occurred 54.1 miles away from the city center
On 6/18/2002 at 17:37:15, a magnitude 5.0 (4.3 MB, 4.6 MW, 5.0 LG, Depth: 3.1 mi) earthquake occurred 199.8 miles away from Economy center
On 4/18/2008 at 15:14:16, a magnitude 4.8 (4.5 MB, 4.8 MW, 4.6 MW, Depth: 6.2 mi) earthquake occurred 180.7 miles away from the city center
Magnitude types: regional Lg-wave magnitude (LG), body-wave magnitude (MB), surface-wave magnitude (MS), moment magnitude (MW)

Natural disasters:

The number of natural disasters in Wayne County (10) is near the US average (12).
Major Disasters (Presidential) Declared: 7
Emergencies Declared: 3

Causes of natural disasters: Floods: 5, Storms: 5, Tornadoes: 2, Winter Storms: 2, Blizzard: 1, Hurricane: 1, Ice Storm: 1, Snow: 1 (Note: Some incidents may be assigned to more than one category).
Economy topographic map

Hospitals and medical centers near Economy:

  • ALBANY HEALTH CARE AND REHABILITATION CENTER (Nursing Home, about 7 miles away; ALBANY, IN)
  • AMBASSADOR HEALTHCARE (Nursing Home, about 13 miles away; CENTERVILLE, IN)
  • GOLDEN LIVING CENTER-RICHMOND (Nursing Home, about 14 miles away; RICHMOND, IN)
  • OAK RIDGE CONVALESCENT CTR (Nursing Home, about 14 miles away; RICHMOND, IN)
  • FMC - RICHMOND (Dialysis Facility, about 15 miles away; RICHMOND, IN)
  • REID HOSPITAL AND HEALTH CARE SERVICES (Hospital, about 15 miles away; RICHMOND, IN)
  • HERITAGE HOUSE OF RICHMOND (Nursing Home, about 15 miles away; RICHMOND, IN)

Colleges/universities with over 2000 students nearest to Economy:

  • Indiana University-East (about 14 miles; Richmond, IN; Full-time enrollment: 2,867)
  • Ball State University (about 24 miles; Muncie, IN; FT enrollment: 20,254)
  • Anderson University (about 32 miles; Anderson, IN; FT enrollment: 2,378)
  • Miami University-Oxford (about 38 miles; Oxford, OH; FT enrollment: 17,670)
  • Taylor University (about 40 miles; Upland, IN; FT enrollment: 2,272)
  • Edison State Community College (about 48 miles; Piqua, OH; FT enrollment: 2,049)
  • Indiana Wesleyan University (about 49 miles; Marion, IN; FT enrollment: 13,681)

Click to draw/clear town borders

Notable location: Perry Township Volunteer Fire Department (A). Display/hide its location on the map

Wayne County has a predicted average indoor radon screening level greater than 4 pCi/L (pico curies per liter) - Highest Potential

Air pollution and air quality trends
(lower is better)

Air Quality Index (AQI) level in 2012 was 80.6. This is about average.

City:

80.6
U.S.:

74.2

Carbon Monoxide (CO) [ppm] level in 2012 was 0.212. This is significantly better than average. Closest monitor was 21.7 miles away from the city center.

City:

0.212
U.S.:

0.303

Sulfur Dioxide (SO2) [ppb] level in 2012 was 1.76. This is about average. Closest monitor was 13.0 miles away from the city center.

City:

1.76
U.S.:

1.93

Ozone [ppb] level in 2012 was 28.4. This is about average. Closest monitor was 21.7 miles away from the city center.

City:

28.4
U.S.:

32.0

Particulate Matter (PM10) [µg/m3] level in 2002 was 18.4. This is about average. Closest monitor was 13.3 miles away from the city center.

City:

18.4
U.S.:

20.2

Particulate Matter (PM2.5) [µg/m3] level in 2012 was 9.32. This is about average. Closest monitor was 21.7 miles away from the city center.

City:

9.32
U.S.:

9.14
Percentage of residents living in poverty in 2012: 32.2%
(28.8% for White Non-Hispanic residents, 81.8% for two or more races residents)
Average household size:
This town:  2.6 people
Indiana:  2.5 people

Percentage of family households:
This town:  64.4%
Whole state:  66.9%

Percentage of households with unmarried partners:
This town:  11.0%
Whole state:  6.9%

No gay or lesbian households reported

Economy compared to Indiana state average:

  • Median household income below state average.
  • Median house value significantly below state average.
  • Black race population percentage significantly below state average.
  • Hispanic race population percentage significantly below state average.
  • Foreign-born population percentage significantly below state average.
  • Renting percentage below state average.
  • Length of stay since moving in significantly above state average.
  • House age significantly above state average.
  • Number of college students below state average.
  • Percentage of population with a bachelor's degree or higher significantly below state average.

Educational Attainment (%) in 2012

School Enrollment by Level of School (%) in 2012

Economy travel time to work - commute Economy mode of transportation to work chart

Most commonly used house heating fuel:

  • Bottled, tank, or LP gas (30%)
  • Wood (24%)
  • Fuel oil, kerosene, etc. (20%)
  • Electricity (17%)
  • Utility gas (7%)

Presidential Elections Results

1996 2000 2004 2008 2012

1996 Presidential Elections Results

2000 Presidential Elections Results

2004 Presidential Elections Results

2008 Presidential Elections Results

2012 Presidential Elections Results

Graphs represent county-level data. Detailed 2008 Election Results

Religion statistics for Economy town (based on Wayne County data)

Percentage of population affiliated with a religious congregations: 41.11%
Here: 41.1%
USA: 50.2%

Adherents


Breakdown of population affiliated with a religious congregations

NameCatholic ChurchUnited Methodist ChurchChristian Churches and Churches of ChristSouthern Baptist ConventionEvangelical Lutheran Church in America
Adherents18.8%12.6%10.5%8.9%8.0%
Congregations3.4%15.4%9.4%10.3%5.1%
NameAmerican Baptist Churches in the USA The Wesleyan ChurchChurch of the NazareneChristian Church (Disciples of Christ)Other
Adherents6.3%4.9%4.2%3.8%22.0%
Congregations2.6%1.7%6.8%1.7%43.6%
Source: Jones, Dale E., et al. 2002. Congregations and Membership in the United States 2000. Nashville, TN: Glenmary Research Center.
Tables represent county-level data.

Food Environment Statistics:

Number of grocery stores: 14
Wayne County:

2.05 / 10,000 pop.
Indiana:

1.73 / 10,000 pop.
Number of supercenters and club stores: 2
This county:

0.29 / 10,000 pop.
State:

0.21 / 10,000 pop.
Number of convenience stores (no gas): 8
Wayne County:

1.17 / 10,000 pop.
Indiana:

0.50 / 10,000 pop.
Number of convenience stores (with gas): 30
Wayne County:

4.40 / 10,000 pop.
State:

3.57 / 10,000 pop.
Number of full-service restaurants: 54
Here:

7.93 / 10,000 pop.
State:

6.78 / 10,000 pop.
Adult diabetes rate:
This county:

9.9%
Indiana:

9.2%
Adult obesity rate:
Wayne County:

27.6%
Indiana:

29.0%
Low-income preschool obesity rate:
This county:

15.9%
State:

14.3%
Local government employment and payroll (March 2012)
Function Full-time employees Monthly full-time payroll Average yearly full-time wage Part-time employees Monthly part-time payroll
Other Government Administration 0$0 4$340
Totals for Government 0$0 4$340

Economy government finances - Expenditure in 2002 (per resident):

  • Current Operations - General - Other: $22,000 ($120.22)
  • Total Salaries & Wages: $12,000 ($65.57)

Economy government finances - Revenue in 2002 (per resident):

  • Charges - All Other: $1,000 ($5.46)
  • Local Intergovernmental - General Support: $3,000 ($16.39)
    Highways: $3,000 ($16.39)
  • Miscellaneous - Interest Earnings: $2,000 ($10.93)
  • State Intergovernmental - All Other: $157,000 ($857.92)
    General Support: $4,000 ($21.86)
    Highways: $4,000 ($21.86)
  • Tax - Property: $12,000 ($65.57)
    Individual Income: $3,000 ($16.39)

Economy government finances - Cash and Securities in 2002 (per resident):

  • Other Funds - Cash & Deposits: $60,000 ($327.87)

4.01% of this county's 2011 resident taxpayers lived in other counties in 2010 ($32,456 average adjusted gross income)

Here:

4.01%
Indiana average:

5.59%

10 or fewer of this county's residents moved from foreign countries between 2010 and 2011.

Top counties from which taxpayers relocated into this county between 2010 and 2011:
from Randolph County, IN  0.32% ($26,398 average AGI)
from Preble County, OH  0.29% ($30,184)
from Fayette County, IN  0.28% ($27,233)


4.91% of this county's 2010 resident taxpayers moved to other counties in 2011 ($31,036 average adjusted gross income)

Here:

4.91%
Indiana average:

5.83%

0.06% of residents moved to foreign countries ($312 average AGI)
Wayne County:

0.06%
Indiana average:

0.03%

Top counties to which taxpayers relocated from this county between 2010 and 2011:
to Marion County, IN  0.44% ($25,522 average AGI)
to Henry County, IN  0.29% ($26,818)
to Preble County, OH  0.28% ($25,726)

Strongest AM radio stations in Economy:

  • WLW (700 AM; 50 kW; CINCINNATI, OH; Owner: JACOR BROADCASTING CORPORATION)
  • WIBC (1070 AM; 50 kW; INDIANAPOLIS, IN; Owner: EMMIS RADIO LICENSE CORPORATION)
  • WOWO (1190 AM; 50 kW; FORT WAYNE, IN; Owner: PATHFINDER COMMUNICATIONS CORPORATION)
  • WSAI (1530 AM; 50 kW; CINCINNATI, OH; Owner: JACOR BROADCASTING CORPORATION)
  • WHON (930 AM; 1 kW; CENTERVILLE, IN; Owner: BREWER BROADCASTING CORPORATION)
  • WTVN (610 AM; 50 kW; COLUMBUS, OH; Owner: CITICASTERS LICENSES, L.P.)
  • WHAS (840 AM; 50 kW; LOUISVILLE, KY; Owner: CLEAR CHANNEL BROADCASTING LICENSES, INC.)
  • WKBV (1490 AM; 1 kW; RICHMOND, IN; Owner: RODGERS BROADCASTING CORP.)
  • WRFD (880 AM; daytime; 23 kW; COLUMBUS-WORTHINGTON, OH; Owner: SALEM MEDIA OF OHIO, INC.)
  • WJR (760 AM; 50 kW; DETROIT, MI; Owner: ABC, INC.)
  • WFDF (910 AM; 50 kW; FLINT, MI; Owner: ABC, INC.)
  • WXFN (1340 AM; 1 kW; MUNCIE, IN; Owner: MUNCIE SABRECOM, INC.)
  • WONE (980 AM; 5 kW; DAYTON, OH; Owner: CITICASTERS LICENSES, L.P.)

Strongest FM radio stations in Economy:

  • WQLK (96.1 FM; RICHMOND, IN; Owner: BREWER BROADCASTING CORP.)
  • WBSH (91.1 FM; HAGERSTOWN, IN; Owner: BALL STATE UNIVERSITY)
  • WFMG (101.3 FM; RICHMOND, IN; Owner: RODGERS BROADCASTING CORP.)
  • WZZY (98.3 FM; WINCHESTER, IN; Owner: RODGERS BROADCASTING CORPORATION)
  • WMDH-FM (102.5 FM; NEW CASTLE, IN; Owner: CITADEL BROADCASTING COMPANY)
  • WLBC-FM (104.1 FM; MUNCIE, IN; Owner: MUNCIE SABRECOM, INC.)
  • WDJO (106.5 FM; GREENVILLE, OH; Owner: CITICASTERS LICENSES, L.P.)
  • WIFE (100.3 FM; CONNERSVILLE, IN; Owner: RODGERS BROADCASTING CORPORATION)
  • WKWH-FM (94.3 FM; RUSHVILLE, IN; Owner: RSE BROADCASTING, LLC)
  • WTGR (97.5 FM; UNION CITY, OH; Owner: POSITIVE RADIO GROUP, INC. OF OHIO)
  • WERK (104.9 FM; MUNCIE, IN; Owner: INDIANA SABRECOM, INC.)
  • WJYW (88.9 FM; UNION CITY, IN; Owner: POSITIVE ALTERNATIVE RADIO, INC)
  • WDPG (89.9 FM; GREENVILLE, OH; Owner: DAYTON PUBLIC RADIO, INC.)
  • WVXR (89.3 FM; RICHMOND, IN; Owner: XAVIER UNIVERSITY)
  • W237AT (95.3 FM; RICHMOND, IN; Owner: THE CEDARVILLE COLLEGE)
  • W213AO (90.5 FM; NEW PARIS, OH; Owner: THE CEDARVILLE UNIVERSITY)
  • WECI (91.5 FM; RICHMOND, IN; Owner: EARLHAM COLLEGE)

TV broadcast stations around Economy:

  • WIPB (Channel 49; MUNCIE, IN; Owner: BALL STATE UNIVERSITY)
  • WPTO (Channel 14; OXFORD, OH; Owner: GREATER DAYTON PUBLIC TELEVISION, INC.)
  • WKOI (Channel 43; RICHMOND, IN; Owner: TRINITY BROADCASTING OF INDIANA, INC.)
  • WKEF (Channel 22; DAYTON, OH; Owner: WKEF LICENSEE L.P.)
  • WRGT-TV (Channel 45; DAYTON, OH; Owner: WRGT LICENSEE, LLC)
  • WMUN-LP (Channel 26; MUNCIE, IN; Owner: FULL GOSPEL FELLOWSHIP, MUNCIE IND.)

Economy fatal accident list:

Feb 5, 2010 02:49 PM, Us-35, Lat: 39.98264, Lon: -85.12254, Vehicles: 2, Persons: 3, Fatalities: 2
Sep 28, 2006 01:00 AM, Us- 35, Massey, Lat: 39.98268, Lon: -85.14454, Vehicles: 1, Persons: 1, Fatalities: 1
Mar 29, 1996 02:24 PM, 35, Vehicles: 2, Persons: 2, Fatalities: 1

FCC Registered Private Land Mobile Towers:

1
  • 1/4 Mi East W E Oler Rd & Old Rd 1 N Of Hagerstown (Lat: 39.946444 Lon: -85.100250), Call Sign: WYM564, Licensee ID: L00027371
    Assigned Frequencies: 153.020 MHz
    Grant Date: 03/03/1999, Expiration Date: 03/16/2004, Cancellation Date: 05/16/2004
    Registrant: Crownover Farms, 11832 W E Oler, Economy, IN 47339, Phone: (317) 886-6154

2006 National Fire Incident Reporting System Incidents:

  • Fire: 2

Economy on our top lists:

  • #52 on the list of "Top 100 cities with oldest houses"
  • #58 on the list of "Top 101 counties with the largest number of people moving out compared to moving in (pop. 50,000+)"
  • #87 on the list of "Top 101 counties with the highest Sulfur Oxides 24-hour air pollution readings in 2005 (µg/m3)"
  • #91 on the list of "Top 101 counties with the highest Sulfur Oxides Annual air pollution readings in 2005 (µg/m3)"
Cost of Living Calculator
Top Patent Applicants
Top Patent Applicants
  • Benjamin Kolb (3)

Total of 3 patent applications in 2008-2015.



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