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Spencer, TN
Full City Profile · Tennessee · Van Buren County County
2.9
/5.0
C+
Fair
1,494
Population
228/sq mi density
$46,563
Median Income
$24,206 per capita
$135,000
Home Value
$206,809 Zillow
$643
Median Rent
26.7% income on rent
55°F
Avg Temperature
301 sunny days/yr
122
Violent Crime/100K
608 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$46,563 median income, 0.2% unemployment
A+
Affordability
5.0 / 5.0
$135,000 home value, $643/mo rent
F
Safety
1.0 / 5.0
122 violent crimes/100K
D
Education
1.7 / 5.0
8.9% bachelor's degree or higher
Income Overview
Median Household Income
$46,563
38% below
US avg: $75,149
Per Capita Income
$24,206
38% below
US avg: $39,052
Unemployment Rate
0.2%
94% below
US avg: 3.6%
Poverty Rate
10.4%
16% 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
$46,563
62%
Per Capita
US: $39,052
$24,206
62%
IRS Avg AGI
US: $72,000
$56,492
78%
Avg Weekly Wage
US: $1,432
$762
53%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$762
47% below US avg ($1,432)
Mean Commute Time
29 min
7% above US avg (28 min)
Work From Home
2.4%
84% below US avg (15.2%)
Drive Alone
81.2%
11% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$134M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
81.2%
Public Transit
0%
Work From Home
2.4%
Other
16.4%
Average commute time
29 minutes
US avg: 28 min
Business Landscape
Total Establishments
83
Restaurants
36
Healthcare
3
Retail
11
Manufacturing
8
Tax & Financial
IRS Avg Adjusted Gross Income
$56,492
22% below US avg ($72,000)
Avg Property Tax
$3,175
9% below US avg ($3,500)
Cost of Living Index
91.9
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $46,563 |
| Per Capita Income | $24,206 |
| IRS Avg Adjusted Gross Income | $56,492 |
| Avg Weekly Wage | $762 |
| County GDP | $134M |
Hardship Indicators
| Unemployment Rate | 0.2% |
| Poverty Rate | 10.4% |
| Gini Coefficient | 0.433 |
| Cost of Living Index | 91.9 |
Commute
| Mean Commute | 29 minutes |
| Drive Alone | 81.2% |
| Public Transit | 0.0% |
| Work From Home | 2.4% |
Businesses
| Total Establishments | 83 |
| Restaurants | 36 |
| Healthcare | 3 |
| Retail | 11 |
| Manufacturing | 8 |
Tax
| IRS Avg AGI | $56,492 |
| Avg Property Tax | $3,175 |