Economy, Indiana
Encyclopedia
Economy is a town in Perry Township
Perry Township, Wayne County, Indiana
Perry Township is one of fifteen townships in Wayne County, Indiana, USA. As of the 2000 census, its population was 763.-Geography:Perry Township covers an area of ; of this, or 0.02 percent is water. Lakes in this township include Osborne Lakes...

, Wayne County
Wayne County, Indiana
Wayne County is a county located in the U.S. state of Indiana. As of the 2010 census, the population was 68,917. The county seat is Richmond.-History:...

, Indiana
Indiana
Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...

, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. The population was 187 at the 2010 census.

Geography

Economy is located at 39°58′35"N 85°5′9"W (39.976293, -85.085945).

According to the United States Census Bureau
United States Census Bureau
The United States Census Bureau is the government agency that is responsible for the United States Census. It also gathers other national demographic and economic data...

, the town has a total area of 0.1 square mile (0.258998811 km²), all of it land.

Demographics

As of the census
Census
A census is the procedure of systematically acquiring and recording information about the members of a given population. It is a regularly occurring and official count of a particular population. The term is used mostly in connection with national population and housing censuses; other common...

of 2000, there were 200 people, 74 households, and 56 families residing in the town. The population density
Population density
Population density is a measurement of population per unit area or unit volume. It is frequently applied to living organisms, and particularly to humans...

 was 2,062.6 people per square mile (772.2/km²). There were 79 housing units at an average density of 814.7 per square mile (305.0/km²). The racial makeup of the town was 99.00% White, and 1.00% from two or more races. Hispanic or Latino of any race were 1.00% of the population.

There were 74 households out of which 40.5% had children under the age of 18 living with them, 59.5% were married couples
Marriage
Marriage is a social union or legal contract between people that creates kinship. It is an institution in which interpersonal relationships, usually intimate and sexual, are acknowledged in a variety of ways, depending on the culture or subculture in which it is found...

 living together, 12.2% had a female householder with no husband present, and 24.3% were non-families. 20.3% of all households were made up of individuals and 13.5% had someone living alone who was 65 years of age or older. The average household size was 2.70 and the average family size was 3.07.

In the town the population was spread out with 29.5% under the age of 18, 5.0% from 18 to 24, 27.5% from 25 to 44, 24.5% from 45 to 64, and 13.5% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 94.2 males. For every 100 females age 18 and over, there were 83.1 males.

The median income for a household in the town was $37,083, and the median income for a family was $42,917. Males had a median income of $36,042 versus $21,250 for females. The per capita income
Per capita income
Per capita income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate and dividing it by the total population...

 for the town was $17,609. About 13.1% of families and 16.0% of the population were below the poverty line, including 25.5% of those under the age of eighteen and 22.2% of those sixty five or over.

Trivia

  • Economy was featured in the Stephen King
    Stephen King
    Stephen Edwin King is an American author of contemporary horror, suspense, science fiction and fantasy fiction. His books have sold more than 350 million copies and have been adapted into a number of feature films, television movies and comic books...

     novel "The Stand
    The Stand
    The Stand is a post-apocalyptic horror/fantasy novel by American author Stephen King. It demonstrates the scenario in his earlier short story, Night Surf...

    ".
  • Economy has only 6 streets.
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