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Spencer, TN 38585 has a population of approximately 3,674 and experiences a population change rate of -16.23%. The population density is 22.2 / sq mi .
The median household income for Spencer, TN 38585 is $38,636, with 1,858 households and an average household size of 2.53.
The median value of a home in Spencer, TN 38585 is $143,900 with an appreciation rate of 25.20%. 61.80% of housing in the state is owned while 23.32% is rented.
The cost of living in Spencer, TN 38585 is 81.7 %.
The unemployment rate in Spencer, TN 38585 is 3.60%, and recent job growth is at 3.60%. Future job growth is projected at 46.20%.
The sales tax rate in Spencer, TN 38585 is 9.75%, while the income tax rate is 0.00% .
School expenditures in Spencer, TN 38585 are $12,132, and the school ratio is 13.5:1.
The average high temperature in July is 87.1 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 54.3 inches per year, with 5.2 inches of snow per year.
