All Countries
Spencer, IA
Full City Profile · Iowa · Clay County County
3.2
/5.0
B
Good
11,393
Population
1,040/sq mi density
$57,068
Median Income
$36,456 per capita
$178,300
Home Value
$191,239 Zillow
$795
Median Rent
26.5% income on rent
46°F
Avg Temperature
260 sunny days/yr
64
Violent Crime/100K
1,662 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$57,068 median income, 3.3% unemployment
A+
Affordability
4.9 / 5.0
$178,300 home value, $795/mo rent
F
Safety
1.0 / 5.0
64 violent crimes/100K
B
Education
3.3 / 5.0
28.2% bachelor's degree or higher
Income Overview
Median Household Income
$57,068
24% below
US avg: $75,149
Per Capita Income
$36,456
7% below
US avg: $39,052
Unemployment Rate
3.3%
8% below
US avg: 3.6%
Poverty Rate
8.0%
35% below
US avg: 12.4%
Income Comparison: Spencer vs. U.S. Average
Each bar shows Spencer’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$57,068
76%
Per Capita
US: $39,052
$36,456
93%
IRS Avg AGI
US: $72,000
$77,076
107%
Avg Weekly Wage
US: $1,432
$1,029
72%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,029
28% below US avg ($1,432)
Mean Commute Time
17 min
37% below US avg (28 min)
Work From Home
5.6%
63% below US avg (15.2%)
Drive Alone
79.3%
8% above US avg (73.2%)
Public Transit
1.6%
69% below US avg (5.0%)
County GDP
$1,540M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
79.3%
Public Transit
1.6%
Work From Home
5.6%
Other
13.5%
Average commute time
17 minutes
US avg: 28 min
Business Landscape
Total Establishments
742
Restaurants
48
Healthcare
57
Retail
97
Manufacturing
25
Tax & Financial
IRS Avg Adjusted Gross Income
$77,076
7% above US avg ($72,000)
Avg Property Tax
$4,811
37% above US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $57,068 |
| Per Capita Income | $36,456 |
| IRS Avg Adjusted Gross Income | $77,076 |
| Avg Weekly Wage | $1,029 |
| County GDP | $1,540M |
Hardship Indicators
| Unemployment Rate | 3.3% |
| Poverty Rate | 8.0% |
| Gini Coefficient | 0.424 |
| Cost of Living Index | 87.8 |
Commute
| Mean Commute | 17 minutes |
| Drive Alone | 79.3% |
| Public Transit | 1.6% |
| Work From Home | 5.6% |
Businesses
| Total Establishments | 742 |
| Restaurants | 48 |
| Healthcare | 57 |
| Retail | 97 |
| Manufacturing | 25 |
Tax
| IRS Avg AGI | $77,076 |
| Avg Property Tax | $4,811 |