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Spencer, NC
Full City Profile · North Carolina · Rowan County County
3.2
/5.0
B
Good
3,305
Population
972/sq mi density
$64,031
Median Income
$31,042 per capita
$149,800
Home Value
$199,944 Zillow
$1,042
Median Rent
23.9% income on rent
59°F
Avg Temperature
310 sunny days/yr
340
Violent Crime/100K
2,254 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$64,031 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$149,800 home value, $1,042/mo rent
F
Safety
1.0 / 5.0
340 violent crimes/100K
C+
Education
2.7 / 5.0
21.4% bachelor's degree or higher
Income Overview
Median Household Income
$64,031
15% below
US avg: $75,149
Per Capita Income
$31,042
21% below
US avg: $39,052
Unemployment Rate
2.8%
22% below
US avg: 3.6%
Poverty Rate
9.6%
23% 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
$64,031
85%
Per Capita
US: $39,052
$31,042
79%
IRS Avg AGI
US: $72,000
$62,150
86%
Avg Weekly Wage
US: $1,432
$1,106
77%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,106
23% below US avg ($1,432)
Mean Commute Time
30 min
10% above US avg (28 min)
Work From Home
17.1%
13% above US avg (15.2%)
Drive Alone
75.2%
3% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$7,886M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
75.2%
Public Transit
0%
Work From Home
17.1%
Other
7.7%
Average commute time
30 minutes
US avg: 28 min
Business Landscape
Total Establishments
3,334
Restaurants
235
Healthcare
273
Retail
429
Manufacturing
181
Tax & Financial
IRS Avg Adjusted Gross Income
$62,150
14% below US avg ($72,000)
Avg Property Tax
$3,570
2% above US avg ($3,500)
Cost of Living Index
94.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $64,031 |
| Per Capita Income | $31,042 |
| IRS Avg Adjusted Gross Income | $62,150 |
| Avg Weekly Wage | $1,106 |
| County GDP | $7,886M |
Hardship Indicators
| Unemployment Rate | 2.8% |
| Poverty Rate | 9.6% |
| Gini Coefficient | 0.450 |
| Cost of Living Index | 94.3 |
Commute
| Mean Commute | 30 minutes |
| Drive Alone | 75.2% |
| Public Transit | 0.0% |
| Work From Home | 17.1% |
Businesses
| Total Establishments | 3,334 |
| Restaurants | 235 |
| Healthcare | 273 |
| Retail | 429 |
| Manufacturing | 181 |
Tax
| IRS Avg AGI | $62,150 |
| Avg Property Tax | $3,570 |