Economy, Pennsylvania

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Economy, Pennsylvania
Borough
Fields at Old Economy County Park
Fields at Old Economy County Park
Location in Beaver County and the U.S. state of Pennsylvania.
Location in Beaver County and the U.S. state of Pennsylvania.
Coordinates: 40°38′18″N 80°11′06″W / 40.63833°N 80.18500°W / 40.63833; -80.18500Coordinates: 40°38′18″N 80°11′06″W / 40.63833°N 80.18500°W / 40.63833; -80.18500
CountryUnited States
StatePennsylvania
CountyBeaver
Settled1827
Incorporated1957
Government
 • TypeBorough Council
Area
 • Total17.93 sq mi (46.44 km2)
 • Land17.88 sq mi (46.32 km2)
 • Water0.05 sq mi (0.13 km2)
Elevation
971 ft (296 m)
Population
 (2010)
 • Total8,970
 • Estimate 
(2017)[2]
9,178
 • Density513.22/sq mi (198.15/km2)
Time zoneUTC-5 (Eastern (EST))
 • Summer (DST)UTC-4 (EDT)
Zip code
15005
Area code(s)724
FIPS code42-22264

Economy is a borough in Beaver County, Pennsylvania, United States. The population was 8,970 at the 2010 census.

History[edit]

Economy was established in 1825 by a Harmonist society, and named to indicate the principles of their government and their habits of living.[3]

Geography[edit]

Economy is located at 40°38′18″N 80°11′6″W / 40.63833°N 80.18500°W / 40.63833; -80.18500 (40.638466, -80.184891).[4]

According to the United States Census Bureau, the borough has a total area of 17.8 square miles (46 km2), of which, 17.7 square miles (46 km2) of it is land and 0.1 square miles (0.26 km2) of it (0.39%) is water.

Surrounding neighborhoods[edit]

Economy has seven borders, including New Sewickley Township to the north, Harmony Township and Baden to the west, Conway to the northwest, and the Allegheny County neighborhoods of Marshall Township to the east, Franklin Park to the southeast and Bell Acres to the south.

Demographics[edit]

Historical population
Census Pop.
1890413
19605,925
19707,17621.1%
19809,53832.9%
19909,519−0.2%
20009,363−1.6%
20108,970−4.2%
Est. 20179,178[2]2.3%
Sources:[5][6][7]

As of the census[6] of 2000, there were 9,363 people, 3,528 households, and 2,854 families residing in the borough. The population density was 529.0 people per square mile (204.2/km²). There were 3,629 housing units at an average density of 205.0 per square mile (79.2/km²). The racial makeup of the borough was 98.33% White, 0.66% African American, 0.10% Native American, 0.28% Asian, 0.13% from other races, and 0.50% from two or more races. Hispanic or Latino of any race were 0.44% of the population.

There were 3,528 households, out of which 30.8% had children under the age of 18 living with them, 72.1% were married couples living together, 5.9% had a female householder with no husband present, and 19.1% were non-families. 16.7% of all households were made up of individuals, and 8.0% had someone living alone who was 65 years of age or older. The average household size was 2.65 and the average family size was 2.99.

In the borough the population was spread out, with 22.2% under the age of 18, 6.5% from 18 to 24, 28.1% from 25 to 44, 29.6% from 45 to 64, and 13.6% who were 65 years of age or older. The median age was 42 years. For every 100 females there were 99.6 males. For every 100 females age 18 and over, there were 98.0 males.

The median income for a household in the borough was $52,446, and the median income for a family was $60,081. Males had a median income of $41,756 versus $27,121 for females. The per capita income for the borough was $22,453. About 2.0% of families and 2.4% of the population were below the poverty line, including 2.2% of those under age 18 and 5.8% of those age 65 or over.

See also[edit]

References[edit]

  1. ^ "2017 U.S. Gazetteer Files". United States Census Bureau. Retrieved Mar 24, 2019.
  2. ^ a b "Population and Housing Unit Estimates". Retrieved March 24, 2018.
  3. ^ Gannett, Henry (1905). The Origin of Certain Place Names in the United States. Govt. Print. Off. p. 114.
  4. ^ "US Gazetteer files: 2010, 2000, and 1990". United States Census Bureau. 2011-02-12. Retrieved 2011-04-23.
  5. ^ "Census of Population and Housing". U.S. Census Bureau. Archived from the original on 12 May 2015. Retrieved 11 December 2013.
  6. ^ a b "American FactFinder". United States Census Bureau. Retrieved 2008-01-31.
  7. ^ "Incorporated Places and Minor Civil Divisions Datasets: Subcounty Resident Population Estimates: April 1, 2010 to July 1, 2012". Population Estimates. U.S. Census Bureau. Archived from the original on 17 June 2013. Retrieved 11 December 2013.