Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Located in the state of Pennsylvania, Economy is a small-sized city with a population of 9,133 inhabitants. The majority of Economy residents report their race to be White; this is followed by Black and Asian. Economy is considered to be a city with an aging population. The average age of all residents is 51, which is well beyond the United States median age average. If you are looking for a family friendly city, Economy might be a good fit as 72% of the population over 15 years old are married, and 27% have kids who are 18 years old or younger. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Economy, your commute times will be about average, with a one way commute time of 28 minutes.
If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Economy, Pennsylvania. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Economy and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Pennsylvania and national averages.
With a livability score of 67/100, Economy is ranked #8,590 in the United States and #761 in Pennsylvania. If we explore each of the categories individually, we see that Economy ranks well for crime (A+), cost of living (B+), employment (A+) and housing (A+). There are some categories that Economy does not rank well for, including: amenities (F). It might be worth taking a closer look to determine why.
The unemployment rate in Economy has consistently declined over the years and currently stands well below the national average at 1.78%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Economy has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Economy meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Economy. Everything else becomes a lot less important if it turns out that home prices in Economy are simply unattainable. The median home price for Economy homes is $200,000, which is 19.3% higher than the Pennsylvania average. If we take a closer look at the affordability of homes in Economy, we’ll see that the home price to income ratio is 2.6, which is 16.1% lower than the Pennsylvania average.
| Statistic | Economy | Pennsylvania | National |
| Average one way commute | 28min | 26min | 26min |
| Workers who drive to work | 85.9% | 76.5% | 76.4% |
| Workers who carpool | 4.1% | 8.5% | 9.3% |
| Workers who take public transit | 0.5% | 5.6% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 1.5% | 3.8% | 2.8% |
| Working from home | 7.3% | 4.2% | 4.6% |
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