At a Glance
Median Income
$57,917
$32,262 per capita
Home Value
$137,500
Zillow: $266,643
Median Rent
$425/mo
29.0% of income on rent
Bachelor's Degree+
17.2%
93.1% high school+
Unemployment
0.0%
0.0% poverty rate
Obesity Rate
35.5%
14.4% 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+
3.9 / 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 $57,917 , which is 23% below the national average of $75,149.
Per capita income is $32,262. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 106 business establishments, including 4 restaurants.
Housing & Cost of Living
The median home value in Spencer is $137,500 , 51% below the national median of $281,900.
Zillow estimates the typical home at $266,643. Median rent is $425/month, with 29.0% of renters spending more than 30% of income on housing. The cost of living index is 88.6 (100 = national average). The median home was built in 1953.
Education
17.2% of adults in Spencer hold a bachelor's degree or higher
(49% below the national average).
93.1% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Spencer has an average annual temperature of 45°F (7°C).
Winters average 16°F in January while summers reach 72°F in July. Annual precipitation totals 25.3 inches.
Data Overview
People
Population126
Median Age42.5 yrs
Density467/mi²
Male / Female53% / 47%
Foreign Born0.8%
Veterans9.9%
Economy
A
Median Income$57,917
Per Capita$32,262
Unemployment0.0%
Poverty0.0%
County GDP$217M
Avg Weekly Wage$998
Housing
A+
Home Value$137,500
Rent$425
Ownership78.0%
Zillow$266,643
Housing Units66
Rent Burden29.0%
Health
Obesity35.5%
Diabetes8.6%
Smoking14.4%
Heart Disease5.1%
Premature Death4,906/100K
Climate
Avg Temp45°F
Rain25.3 in/yr
Elevation1,381 ft
Education
C
Bachelor's+17.2%
High School+93.1%
Graduate+1.3%
School Score5.9/10
Community
2024 VoteR 79% / D 20%
Commute26 min
Broadband84.7%
Internet Speed157 Mbps
EV Stations4
Did You Know?
The median home in Spencer was built in 1953.
The nearest airport is Mitchell Municipal (23 miles).
The Gini coefficient (income inequality) is 0.350 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
23.0% of the population has a disability.
Average internet download speed is 157 Mbps.
The county recorded 2 fatal vehicle crashes.