Economy is a town in Perry Township, Wayne County, in the U.S. state of Indiana.

[4] The town was named by the original landowner, Charles Osborn, who thought of laying out the town into lots as the most "economical" way of selling off his property, hence the name Economy.

[6] According to the 2010 census, Economy has a total area of 0.1 square miles (0.26 km2), all land.

28.8% of all households were made up of individuals, and 15.1% had someone living alone who was 65 years of age or older.

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.

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 65 or over.