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Spencer, IA 51301 has a population of approximately 12,497 and experiences a population change rate of -3.01%. The population density is 80 / sq mi .
The median household income for Spencer, IA 51301 is $48,342, with 5,418 households and an average household size of 2.22.
The median value of a home in Spencer, IA 51301 is $165,000 with an appreciation rate of 15.10%. 59.58% of housing in the state is owned while 30.34% is rented.
The cost of living in Spencer, IA 51301 is 84.9 %.
The unemployment rate in Spencer, IA 51301 is 2.40%, and recent job growth is at 0.32%. Future job growth is projected at 35.28%.
The sales tax rate in Spencer, IA 51301 is 7.00%, while the income tax rate is 7.44% .
School expenditures in Spencer, IA 51301 are $14,806, and the school ratio is 15.8:1.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 6 degrees. The average rainfall is approximately 29.2 inches per year, with 34.1 inches of snow per year.