Spencer, NE
Full City Profile · Nebraska · Boyd County County
Spencer, NE
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 $55,469 , which is 26% below the national average of $75,149. Per capita income is $31,546. The unemployment rate stands at 0.6% (83% below the U.S. rate of 3.6%). 5.2% of residents live below the poverty line. The area is home to 92 business establishments, including 3 restaurants.
Housing & Cost of Living
The median home value in Spencer is $85,800 , 70% below the national median of $281,900. Zillow estimates the typical home at $176,037. Median rent is $683/month, with 33.3% of renters spending more than 30% of income on housing. The cost of living index is 90.1 (100 = national average). The median home was built in 1959.
Education
8.4% of adults in Spencer hold a bachelor's degree or higher (75% below the national average). 94.7% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Spencer has an average annual temperature of 48°F (9°C). Winters average 21°F in January while summers reach 74°F in July. Annual precipitation totals 23.2 inches.