Everything You Should Know Before Moving to Economy, MO
Considering a move to Economy, MO? This small community of about 370 residents offers affordable living, with median home prices around $112,000 and average 2-bedroom rent at $670. Residents enjoy a relaxed pace, low commute times of 22 minutes, and a cost of living well below the national average. Crime rates remain low, and local schools serve the area, while nearby Poplar Bluff provides healthcare and college options. Expect four seasons, plenty of sunshine, and a tight-knit rural atmosphere—ideal for those seeking peace and affordability.
Demographics - Economy, MO
Demographics - Economy, MO
Economy, MO is a small, predominantly White community with about 370 residents and a moderate population density. The median age is just over 42, indicating a mature population, and there is a nearly balanced gender ratio. A small portion of the population speaks a language other than English at home, contributing to a close-knit and familiar rural atmosphere.
Population:
370
Density:
45 per sq mi
Median Age:
42.1
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
3.1%
Ethnic Composition
White:
93.4%
Black:
1.3%
Asian:
0.7%
Others:
4.6%
Cost Of Living
What is the average cost of living in Economy, MO?
Living in Economy is highly affordable, with a median home value of $112,000 and average rent for a two-bedroom at $670. The overall cost of living index is well below the national average, making it an excellent choice for budget-conscious families and individuals. Utility and insurance costs remain reasonable, and Missouri’s state taxes are moderate.
Median House Value:
$112,000
Gross Rent:
$670
Monthly Electricity Charges:
$120
Auto Insurance:
$1,320
House Owner Cost With Mortgage:
$1,050
House Owner Cost Without Mortgage:
$370
State Taxes:
Low:
1.5%
|
High:
5.4%
Cost Of Living Index:
82.5
Grocery:
95.2
Housing:
54.7
Utilities:
98.4
Transportation:
80.6
Health Care:
89.1
Miscellaneous:
90.7
Crime
Is Economy, MO a safe place to live?
Economy experiences low crime rates, with violent crime at 184 incidents per 100,000 people and property crime at 1,320 per 100,000. Residents have a 1 in 543 chance of being a victim of violent crime, supporting a safe and family-friendly environment. This makes Economy a reassuring option for those prioritizing safety.
Violent Crimes Per 100k:
184
Property Crimes Per 100k:
1,320
Crime Index:
1,504
Chance Of Violent Crime:
1 in 543
Chance Of Property Crime:
1 in 76
Weather
What is the weather like in Economy, MO year-round?
Residents in Economy enjoy all four seasons, with warm summers reaching up to 89°F and winters dropping to lows around 19°F. The area receives about 41 inches of annual rainfall and boasts 57% sunny days. This climate offers a balanced mix of outdoor opportunities throughout the year.
Winter
Min:
19°F
Max:
39°F
Spring
Min:
45°F
Max:
68°F
Summer
Min:
65°F
Max:
89°F
Fall
Min:
44°F
Max:
69°F
Average Rainfall Inches:
41.4 inches
Sunny Days Percentage:
57%
Neighbors
The local community enjoys a median household income of $48,200 and a low unemployment rate of 3.6%. Most residents commute about 22 minutes to work, reflecting the town’s peaceful, small-town pace. High school attainment is strong, and a modest percentage of adults hold a bachelor’s degree or higher.
Median Income:
$32,000
Household Income:
$48,200
Family Income:
$55,600
Per Capita Income:
$23,800
Income Male:
$31,000
Income Female:
$27,000
Poverty Rate:
14.3%
Non English Speakers:
3.1%
Rent:
$670
Unemployment Rate:
3.6%
Public Transport Usage:
0.7%
Commute Time:
22.4 minutes
Education
High School or Higher:
87.5%
Bachelors or More:
18.7%
Education
How are the schools in Economy, MO?
Local families are served by Neelyville Elementary School, which offers small class sizes and personalized attention. Higher education is accessible, with Three Rivers College located just 15 miles away in Poplar Bluff. While private schools are not present in the immediate area, public school options are robust for a rural community.
Public Schools
Name:
Neelyville Elementary School
Street:
20999 Hwy 142, Neelyville, MO 63954
Phone:
573-989-3815
Students:
275
Student Teacher Ratio:
13.7
Colleges
Name:
Three Rivers College
City:
Poplar Bluff
State:
MO
Distance:
15 miles
Students:
3,600
Healthcare
Healthcare needs in Economy are served by nearby facilities such as Poplar Bluff Regional Medical Center, offering emergency and general services. The area supports a physician-to-resident ratio of 1.7 per 1,000 and nearly 89% of residents have health insurance coverage. This ensures basic medical needs are accessible within a short drive.
Major Hospitals
Name:
Poplar Bluff Regional Medical Center
Address:
3100 Oak Grove Rd, Poplar Bluff, MO 63901
Phone:
(573) 776-2000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.7
Health Insurance Coverage:
88.9%
Health Care Index:
68.2
Housing Market
What is the housing market like in Economy, MO?
Economy’s housing market is notably affordable, with a median home price of $112,000 and high owner-occupancy at nearly 80%. Rental vacancies are moderate, and the market has seen steady appreciation over the past year. These factors make Economy an attractive spot for both homebuyers and renters seeking value.
Median Home Price:
$112,000
Average Rent For 2 Bedroom:
$670
Owner Occupied Rate:
79.4%
Rental Vacancy Rate:
8.2%
Home Appreciation Rate (1yr):
4.2%
New Construction Rate:
0.8%
Foreclosure Rate:
0.8%
DMV Information
Residents handle vehicle and licensing needs through the Missouri Department of Revenue, conveniently accessible online or by phone. The main office is located in Jefferson City, but most services can be managed remotely. This ensures straightforward DMV processes typical for Missouri residents.
State:
Missouri
Department:
Missouri Department of Revenue - Motor Vehicle and Driver Licensing
Address:
301 West High Street, Jefferson City, MO 65101
Phone:
1-573-526-3669
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.