At a Glance
Median Income
$55,250
$27,837 per capita
Home Value
$154,400
Zillow: $327,783
Median Rent
$832/mo
29.9% of income on rent
Bachelor's Degree+
10.8%
91.0% high school+
Unemployment
2.9%
6.0% poverty rate
Obesity Rate
36.2%
15.2% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Spencer a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Spencer residents earn a median household income of $55,250 , which is 26% below the national average of $75,149.
Per capita income is $27,837. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 6.0% of residents live below the poverty line. The area is home to 6,969 business establishments, including 542 restaurants.
Housing & Cost of Living
The median home value in Spencer is $154,400 , 45% below the national median of $281,900.
Zillow estimates the typical home at $327,783. Median rent is $832/month, with 29.9% of renters spending more than 30% of income on housing. The cost of living index is 92.8 (100 = national average). The median home was built in 1941.
Education
10.8% of adults in Spencer hold a bachelor's degree or higher
(68% below the national average).
91.0% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Spencer has an average annual temperature of 49°F (9°C).
Winters average 25°F in January while summers reach 71°F in July. Annual precipitation totals 40.5 inches. Air quality is rated Good with a median AQI of 39.
Data Overview
People
Population603
Median Age35.9 yrs
Density609/mi²
Male / Female49% / 51%
Foreign Born0.2%
Veterans7.9%
Economy
B+
Median Income$55,250
Per Capita$27,837
Unemployment2.9%
Poverty6.0%
County GDP$15,029M
Avg Weekly Wage$1,072
Housing
A+
Home Value$154,400
Rent$832
Ownership78.3%
Zillow$327,783
Housing Units256
Rent Burden29.9%
Health
Obesity36.2%
Diabetes9.5%
Smoking15.2%
Heart Disease5.3%
Premature Death9,275/100K
Climate
Avg Temp49°F
Rain40.5 in/yr
AQI39 (Good)
Elevation919 ft
Education
D
Bachelor's+10.8%
High School+91.0%
Graduate+0.5%
School Score5.9/10
Community
2024 VoteR 52% / D 47%
Commute32 min
Broadband78.3%
Internet Speed136 Mbps
EV Stations6
Libraries16
Did You Know?
The median home in Spencer was built in 1941.
The nearest airport is Cleveland-Hopkins International (26 miles).
The Gini coefficient (income inequality) is 0.462 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
17.4% of the population has a disability.
Average internet download speed is 136 Mbps.
There are 542 restaurants in the area.
The county recorded 20 fatal vehicle crashes.