At a Glance
Median Income
$46,563
$24,206 per capita
Home Value
$135,000
Zillow: $220,239
Median Rent
$643/mo
26.7% of income on rent
Violent Crime
128/100K
702/100K property
Bachelor's Degree+
8.9%
81.6% high school+
Unemployment
0.5%
10.4% poverty rate
Obesity Rate
38.0%
21.1% 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?
C+
2.9 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Spencer residents earn a median household income of $46,563 , which is 38% below the national average of $75,149.
Per capita income is $24,206. The unemployment rate stands at 0.5% (86% below the U.S. rate of 3.6%). 10.4% of residents live below the poverty line. The area is home to 83 business establishments, including 36 restaurants.
Housing & Cost of Living
The median home value in Spencer is $135,000 , 52% below the national median of $281,900.
Zillow estimates the typical home at $220,239. Median rent is $643/month, with 26.7% of renters spending more than 30% of income on housing. The cost of living index is 91.9 (100 = national average). The median home was built in 1977.
Safety & Crime
Spencer reports 128 violent crimes per 100,000 residents
, which is 66% below the national average of 380/100K.
Property crime is 702/100K.
Education
8.9% of adults in Spencer hold a bachelor's degree or higher
(74% below the national average).
81.6% have completed high school. Local schools score 4.3/10 in standardized testing.
Climate & Weather
Spencer has an average annual temperature of 55°F (13°C).
Winters average 36°F in January while summers reach 74°F in July. Annual precipitation totals 59.0 inches.
Data Overview
People
Population1,494
Median Age48.8 yrs
Density228/mi²
Male / Female44% / 57%
Foreign Born0.3%
Veterans5.8%
Economy
B+
Median Income$46,563
Per Capita$24,206
Unemployment0.5%
Poverty10.4%
County GDP$134M
Avg Weekly Wage$762
Housing
A+
Home Value$135,000
Rent$643
Ownership71.5%
Zillow$220,239
Housing Units688
Rent Burden26.7%
Crime
F
Violent128/100K
Property702/100K
Health
Obesity38.0%
Diabetes11.1%
Smoking21.1%
Heart Disease6.2%
Premature Death15,544/100K
Climate
Avg Temp55°F
Rain59.0 in/yr
Elevation1,805 ft
Education
D
Bachelor's+8.9%
High School+81.6%
Graduate+2.3%
School Score4.3/10
Community
2024 VoteR 83% / D 16%
Commute29 min
Broadband90.9%
Internet Speed127 Mbps
EV Stations1
Libraries1
Did You Know?
Spencer was founded in 1850.
The median home in Spencer was built in 1977.
The nearest airport is Tullahoma Regional/Wm Northern Field (51 miles).
The Gini coefficient (income inequality) is 0.433 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
24.8% of the population has a disability.
Average internet download speed is 127 Mbps.
The county recorded 2 fatal vehicle crashes.