All Countries
Spencer, IA
Full City Profile · Iowa · Clay County County
Spencer, IA
At a Glance
How Spencer Compares to the U.S. Average
Each bar shows Spencer's value as a percentage of the national average (100% = U.S. avg)
Is Spencer a Good Place to Live?
Economy & Jobs
Spencer residents earn a median household income of $57,068 , which is 24% below the national average of $75,149. Per capita income is $36,456. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 8.0% of residents live below the poverty line. The area is home to 742 business establishments, including 48 restaurants.
Housing & Cost of Living
The median home value in Spencer is $178,300 , 37% below the national median of $281,900. Zillow estimates the typical home at $191,239. Median rent is $795/month, with 26.5% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1971.
Safety & Crime
Spencer reports 64 violent crimes per 100,000 residents , which is 83% below the national average of 380/100K. Property crime is 1,662/100K. The murder rate is 0.0/100K.
Education
28.2% of adults in Spencer hold a bachelor's degree or higher (16% below the national average). 95.2% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Spencer has an average annual temperature of 46°F (8°C). Winters average 16°F in January while summers reach 73°F in July. The area gets 260 sunny days per year. Annual precipitation totals 31.0 inches. Air quality is rated Good with a median AQI of 43.