The Town FilesEconomy, Pennsylvania
Borough in Beaver County · population 9,098 (2020 Census)
- Median home
- $250,800
- Household income
- $95,313
- Jan low / Jul high
- 21° / 84°
- Snow a year
- 20 in
- Tornadoes ≤10 mi since 1950
- 18
- Median age
- 50.7
Economy is a borough of 9,098 people in Beaver County, Pennsylvania. The median home is worth $250,800, above the typical Pennsylvania town ($214,250). It ranks better for retirees than 92% of Pennsylvania towns, better for families than 88% of Pennsylvania towns, quieter than 87% of Pennsylvania towns.
How Economy ranks
Percentile among Pennsylvania towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Pennsylvania towns.
Homes and cost of living
The median home in Economy is worth $250,800, above the typical Pennsylvania town ($214,250). Homes cost about 2.6 times the median household income of $95,313, which is more affordable than 64% of Pennsylvania towns. Median rent is $1,009 a month. 94.4% of households own their home.
| Housing | Economy | Typical Pennsylvania town |
|---|---|---|
| Median home value | $250,800 | $214,250 |
| Median rent | $1,009 | $996 |
| Median household income | $95,313 | $75,278 |
| Home value ÷ income | 2.6× | 2.8× |
| Homeownership | 94.4% | 81.5% |
| Median year built | 1971 | 1971 |
| Seasonal / vacation homes | 0.9% | — |
Who lives in Economy
| People | Economy | Typical Pennsylvania town |
|---|---|---|
| Median age | 50.7 | 44.2 |
| Age 65 and over | 28.1% | 21.1% |
| Under 18 | 15.6% | — |
| Bachelor's degree or higher | 37.0% | 23.8% |
| Below the poverty line | 6.5% | 8.5% |
| Veterans | 8.3% | — |
| Born outside the U.S. | 2.1% | — |
| Work from home | 18.6% | 10.6% |
| Average commute | 29.2 min | 25.9 min |
| Homes with broadband | 92.2% | 89.0% |
Weather in Economy
July highs average 83.7°F and January lows 20.8°F. About 38.5 inches of rain and melted snow fall a year, with 19.8 inches of snow (typical Pennsylvania town: 31.8 in). Expect about 26 days a year at 90°F or hotter and 93 nights at or below freezing.
Tornadoes, storms and disasters
18 tornadoes have passed within 10 miles of Economy since 1950, compared with 10 for the typical Pennsylvania town. 5 rated (E)F2 or stronger. The strongest, an F3, struck on May 31, 1985 about 9.6 miles from the town center and killed 3. Tornadoes within 10 miles have caused 9 deaths and 126 injuries since 1950. The most recent was on October 21, 2021.
Hail of 1 inch or larger has been reported within 10 miles 69 times; the largest was 2.00 inches on May 28, 2019.
Severe weather in Beaver County since 1996
Beaver County has been included in 15 federal disaster or emergency declarations since 1953, most often for flood, tornado, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| March 30, 2020 | Biological | DR-4506: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3441: Covid-19 |
| October 29, 2012 | Hurricane | EM-3356: Hurricane Sandy |
| April 16, 2010 | Snowstorm | DR-1898: Severe Winter Storms And Snowstorms |
| September 10, 2005 | Hurricane | EM-3235: Hurricane Katrina |
Jobs and pay in Beaver County
Beaver County had 48,481 jobs in 2024, paying an average of $58,825 a year. Unemployment was 4.1% in 2023; in Economy itself the ACS puts it at 3.3%.
Towns near Economy
- Baden, PA1.9 mi · 3,904 people · home $150,400
- Harmony, PA2.7 mi · 3,187 people · home $153,400
- Marshall, PA4.0 mi · 10,080 people · home $509,900
- Aliquippa, PA4.1 mi · 9,238 people · home $98,400
- Ambridge, PA4.2 mi · 6,972 people · home $98,200
- Monaca, PA5.3 mi · 5,625 people · home $162,700
- New Sewickley, PA5.4 mi · 7,183 people · home $256,100
- Franklin Park, PA5.8 mi · 15,479 people · home $485,600
Economy questions
Is Economy, Pennsylvania a good place to retire?
On The Town Files lifestyle rankings, Economy scores better for retirees than 92% of Pennsylvania towns and quieter than 87%. 28.1% of residents are 65 or older (median age 50.7).
How much does a house cost in Economy?
The median owner-occupied home in Economy is valued at $250,800 (Census ACS 2020–2024), against a median household income of $95,313, so homes cost about 2.6 times income. Median rent is $1,009 a month.
What is the weather like in Economy?
July highs average 83.7°F and January lows 20.8°F (NOAA 1991–2020 normals). It gets about 38.5 inches of precipitation a year and 19.8 inches of snow.
Does Economy get tornadoes?
18 tornadoes have passed within 10 miles of Economy since 1950 (NOAA Storm Events); the strongest was a F3 on May 31, 1985. The typical Pennsylvania town has had 10.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)