Economy, Indiana facts for kids
Quick facts for kids
Economy, Indiana
|
|
|---|---|
 |
|
Location of Economy in Wayne County, Indiana.
|
|
| Country | United States |
| State | Indiana |
| County | Wayne |
| Township | Perry |
| Area | |
| • Total | 0.09 sq mi (0.23 km2) |
| • Land | 0.09 sq mi (0.23 km2) |
| • Water | 0.00 sq mi (0.00 km2) |
| Elevation | 1,155 ft (352 m) |
| Population
(2020)
|
|
| • Total | 145 |
| • Density | 1,611.11/sq mi (624.18/km2) |
| Time zone | UTC-5 (Eastern (EST)) |
| • Summer (DST) | UTC-5 (EST) |
| ZIP code |
47339
|
| Area code(s) | 765 |
| FIPS code | 18-20152 |
| GNIS feature ID | 2396919 |
Economy is a small and interesting town located in Perry Township, Wayne County, in the U.S. state of Indiana. In 2021, about 173 people lived there.
Contents
The History of Economy, Indiana
How Economy Got Its Name
The town of Economy was first planned and mapped out in 1825. It was named by the person who owned the land, Charles Osborn. He thought that dividing his land into small lots was the smartest and most "economical" way to sell it. That's how the town got its unique name!
Early Services in Economy
A post office opened in Economy in 1827. This meant people could send and receive mail, which was very important for the community back then.
Where is Economy Located?
Economy's Size and Land
Economy is a very small town. According to information from 2010, the town covers an area of about 0.1 square miles (0.26 square kilometers). All of this area is land.
Who Lives in Economy?
Population Changes Over Time
The number of people living in Economy has changed a lot over the years. Here's a quick look at how the population has grown and shrunk:
| Historical population | |||
|---|---|---|---|
| Census | Pop. | %± | |
| 1880 | 249 | — | |
| 1930 | 212 | — | |
| 1940 | 251 | 18.4% | |
| 1950 | 285 | 13.5% | |
| 1960 | 280 | −1.8% | |
| 1970 | 285 | 1.8% | |
| 1980 | 237 | −16.8% | |
| 1990 | 151 | −36.3% | |
| 2000 | 200 | 32.5% | |
| 2010 | 187 | −6.5% | |
| 2020 | 145 | −22.5% | |
| U.S. Decennial Census | |||
Economy's Population in 2010
In 2010, there were 187 people living in Economy. These people lived in 73 different homes. The town had about 1870 people per square mile.
Many types of families lived in Economy. About 31.5% of homes had kids under 18. Most people were White, and a small number were from two or more races.
Age and Gender in Economy
The average age of people in Economy in 2010 was about 38.6 years old.
- About 25% of the people were under 18 years old.
- About 12.8% of the people were 65 years old or older.
- The town had slightly more females (51.9%) than males (48.1%).
See also
In Spanish: Economy (Indiana) para niños
