kids encyclopedia robot

Economy, Pennsylvania facts for kids

Kids Encyclopedia Facts
Quick facts for kids
Economy, Pennsylvania
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.
Country United States
State Pennsylvania
County Beaver
Settled 1827
Incorporated 1957
Government
 • Type Borough Council
Area
 • Total 17.92 sq mi (46.41 km2)
 • Land 17.87 sq mi (46.29 km2)
 • Water 0.05 sq mi (0.13 km2)
Elevation
971 ft (296 m)
Population
 (2020)
 • Total 9,098
 • Density 509.09/sq mi (196.56/km2)
Time zone UTC-5 (Eastern (EST))
 • Summer (DST) UTC-4 (EDT)
Zip code
15005
Area code(s) 724
FIPS code 42-22264

Economy is a borough, which is like a small town, located in Beaver County, Pennsylvania, in the United States. In 2020, about 9,098 people lived here. It is part of the larger Pittsburgh metropolitan area, a big group of cities and towns.

History of Economy

Economy Township was first created in 1827. It got its name from a special village built nearby by a group called the Harmony Society. This village was called Economy and was located along the Ohio River. Today, that old village is known as Old Economy Village.

Later, in 1957, people living in Economy Township wanted to become a borough. They did this to stop other towns from taking over their land. So, on January 1, 1958, Economy officially became a borough.

Where is Economy Located?

Economy is found at a specific spot on the map: 40.638466 degrees North and 80.184891 degrees West.

Land and Water Area

According to the United States Census Bureau, Economy covers a total area of about 17.8 square miles (46.1 square kilometers). Most of this area, about 17.7 square miles (45.8 square kilometers), is land. Only a small part, about 0.1 square miles (0.26 square kilometers), is water.

Neighboring Communities

Economy shares its borders with several other towns and townships. To the north, you'll find New Sewickley Township. To the west, it borders Harmony Township and Baden. Conway is to the northwest.

On the eastern side, Economy is next to parts of Allegheny County. These include Marshall Township to the east, Franklin Park to the southeast, and Bell Acres to the south.

Population of Economy

Historical population
Census Pop.
1890 413
1960 5,925
1970 7,176 21.1%
1980 9,538 32.9%
1990 9,519 −0.2%
2000 9,363 −1.6%
2010 8,970 −4.2%
2020 9,098 1.4%
2021 (est.) 9,003 0.4%
Sources:

In the year 2000, there were 9,363 people living in Economy. There were 3,528 households, which are groups of people living together in one home. About 2,854 of these were families.

The population density was about 529 people per square mile. This means that for every square mile of land, there were about 529 people living there.

The average age of people in Economy in 2000 was 42 years old.

Schools in Economy

Children living in Economy attend schools that are part of the Ambridge Area School District.

The schools that serve the children of Economy are:

  • Economy Elementary School – for students in kindergarten through 5th grade.
  • Ambridge Area Middle School – for students in 6th through 8th grade.
  • Ambridge Area High School – for students in 9th through 12th grade.
kids search engine
Economy, Pennsylvania Facts for Kids. Kiddle Encyclopedia.