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Economy, Indiana



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Population in 2012: 185 (0% urban, 100% rural). Population change since 2000: -7.5%
 

Males: 113  (61.5%)
Females: 72  (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

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 2011: All housing units: $56,894; Detached houses: $56,894

Median gross rent in 2012: $756.

Economy, IN residents, houses, and apartments details

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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 1,500,000 registered users. Economy is mentioned 1,429 times on our forum:
Moving from chicago to marion county.  (69 replies)
Shopping in Munster, Indiana  (155 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)
Who do you think will win?  (56 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: 1,908 people per square mile 
 
 (low).




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Economy, Indiana map

For population 25 years and over in Economy:

  • High school or higher: 80.2%
  • Bachelor's degree or higher: 3.6%
  • Graduate or professional degree: 3.6%
  • Unemployed: 20.6%
  • Mean travel time to work (commute): 24.3 minutes

For population 15 years and over in Economy town:

  • Never married: 17.1%
  • Now married: 53.5%
  • Separated: 10.1%
  • Widowed: 10.1%
  • Divorced: 9.3%

4 residents are foreign born

This town:  2.0%
Indiana:  4.6%



According to our research of Indiana and other state lists there were 2 registered sex offenders living in Economy, Indiana as of December 28, 2014.
The ratio of number of residents in Economy to the number of sex offenders is 93 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

This town's Wikipedia profile

Unemployment in July 2013:
Here:

9.7%
Indiana:

8.3%

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
 

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Tornado activity:

Economy-area historical tornado activity is above Indiana state average. It is 208% 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 below Indiana state average. It is 92% smaller than the overall U.S. average.

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 9/12/2004 at 13:05:19, a magnitude 3.8 (3.5 MB, 3.8 MW, 3.6 LG, Depth: 3.8 mi, Class: Light, Intensity: II - III) earthquake occurred 46.1 miles away from Economy center
On 12/20/1990 at 14:04:17, a magnitude 3.6 (3.6 LG, Depth: 6.2 mi) earthquake occurred 88.8 miles away from the city center
On 4/14/2000 at 03:54:20, a magnitude 3.6 (3.6 LG, Depth: 3.1 mi) earthquake occurred 89.6 miles away from the city center
On 4/17/1990 at 10:27:34, a magnitude 3.0 (3.0 LG, Depth: 3.1 mi) earthquake occurred 35.7 miles away from Economy center
Magnitude types: regional Lg-wave magnitude (LG), body-wave magnitude (MB), 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: 4, Tornadoes: 2, Winter Storms: 2, Storm: 1, Blizzard: 1, Hurricane: 1, Ice Storm: 1, Snow: 1 (Note: Some incidents may be assigned to more than one category).
Economy topographic map

Hospitals/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)

Political contributions by individuals in Economy, IN

Colleges/universities with over 2000 students nearest to Economy:

  • Ivy Tech Community College-East Central (about 22 miles; Muncie, IN; Full-time enrollment: 4,391)
  • Ball State University (about 23 miles; Muncie, IN; FT enrollment: 17,693)
  • Anderson University (about 33 miles; Anderson, IN; FT enrollment: 2,026)
  • Miami University-Oxford (about 38 miles; Oxford, OH; FT enrollment: 15,487)
  • Taylor University (about 40 miles; Upland, IN; FT enrollment: 2,016)
  • Indiana Wesleyan University (about 49 miles; Marion, IN; FT enrollment: 13,899)
  • Sinclair Community College (about 50 miles; Dayton, OH; FT enrollment: 10,009)

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)
AQI  PM2.5 Ozone 

Air Quality Index (AQI)

Air Quality Index (AQI) level in 2010 was 36.3. This is about average.
City:

36.3
U.S.:

32.0
Particulate Matter (PM2.5) [µ/m3] level in 2010 was 11.0. This is about average. Closest monitor was 21.7 miles away from the city center.
City:

11.0
U.S.:

9.6
Particulate Matter (PM10) [µ/m3] level in 2002 was 17.1. This is significantly better than average. Closest monitor was 13.3 miles away from the city center.
City:

17.1
U.S.:

24.5


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

Detailed information about poverty and poor residents in Economy, IN

Economy compared to Indiana state average:

  • Median household income below state average.
  • Median house value below state average.
  • Unemployed percentage above 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.


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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 (26%)
  • Fuel oil, kerosene, etc. (25%)
  • Wood (24%)
  • Electricity (15%)
  • Utility gas (7%)
  • Other fuel (3%)

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%
Here41.1%
USA50.2%

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.
Indiana:

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
Here:

4.40 / 10,000 pop.
Indiana:

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

7.93 / 10,000 pop.
Indiana:

6.78 / 10,000 pop.
Adult diabetes rate:
Wayne County:

9.9%
State:

9.2%
Adult obesity rate:
Wayne County:

27.6%
State:

29.0%
Low-income preschool obesity rate:
Here:

15.9%
Indiana:

14.3%

Local government employment and payroll (March 2007)
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$3,900
Totals for Government 0$0 4$3,900

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

  • Current Operations - General - Other: $22,000 ($118.92)
  • Total Salaries & Wages: $12,000 ($64.86)

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

  • Charges - All Other: $1,000 ($5.41)
  • Local Intergovernmental - General Support: $3,000 ($16.22)
    Highways: $3,000 ($16.22)
  • Miscellaneous - Interest Earnings: $2,000 ($10.81)
  • State Intergovernmental - All Other: $157,000 ($848.65)
    General Support: $4,000 ($21.62)
    Highways: $4,000 ($21.62)
  • Tax - Property: $12,000 ($64.86)
    Individual Income: $3,000 ($16.22)

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

  • Other Funds - Cash & Deposits: $60,000 ($324.32)

4.42% of this county's 2006 resident taxpayers lived in other counties in 2005 ($33,305 average adjusted gross income)

Here:

4.42%
Indiana average:

6.54%

0.14% of residents moved from foreign countries ($124 average AGI)
Wayne County:

0.14%
Indiana average:

0.10%


Top counties from which taxpayers relocated into this county between 2005 and 2006:
from Fayette County, IN  0.33% ($30,659 average AGI)
from Preble County, OH  0.32% ($26,706)
from Randolph County, IN  0.29% ($20,132)


5.39% of this county's 2005 resident taxpayers moved to other counties in 2006 ($34,331 average adjusted gross income)

Here:

5.39%
Indiana average:

6.56%

10 or fewer of this county's residents moved to foreign countries between 2005 and 2006.


Top counties to which taxpayers relocated from this county between 2005 and 2006:
to Marion County, IN  0.43% ($32,609 average AGI)
to Randolph County, IN  0.38% ($25,618)
to Preble County, OH  0.34% ($23,044)

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: 39.98264444, Lon: -85.12254167, Vehicles: 2, Persons: 3, Fatalities: 2
Sep 28, 2006 01:00 AM, Us- 35, Massey, Lat: 39.982683, Lon: -85.144544, 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 (2)

Total of 2 patent applications in 2008-2014.

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