Is Spencer a Good Place to Live?
Based on current data, Spencer receives an overall livability score of 4.0 out of 5.0, earning a grade of A. Key strengths include affordable housing, abundant sunshine. Areas to be aware of include above-average unemployment, long commute times. Spencer stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Spencer is $70,972, roughly in line with the national average of $75,149. At 10.7%, unemployment is notably high. 14.3% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 39 minutes, longer than the typical American commute of 28 minutes.
Cost of Living & Housing
The median home value in Spencer is $112,500, 60% below the national median — offering relatively affordable homeownership. At just 1.6x median income, home prices are very affordable relative to local earnings.
Education
0.0% of residents hold a bachelor's degree, below the national average of 33.7%. 80.8% have completed high school. Area schools have an average test score of 5.4/10.
Climate & Weather
Spencer has a cool climate with an average annual temperature of 45°F. Winters average 22°F in January while summers reach 71°F in July. With 311 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 12.2 inches, including 47.3 inches of snow. Air quality is rated Good with a median AQI of 33.