Is Spencer, Iowa a Good Place To Live? - Living In Spencer, IA

Is Spencer, Iowa a good place to live?
Spencer is a city in Iowa state in USA with a population of 11038 residents.. The poverty rate of Spencer is 12.3%, which is 12% lower than national average. The typical household in Spencer earns $45224 a year, compared to the national median of $67,500. Nearly 53.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Spencer, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Spencer remained 5.7%, which is 21% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Spencer, only 25% of adults have a bachelor's degree and 38% have some college but no degree.

Cost of living in Spencer is 87, which is 13% lower than national average. Median home value in Spencer is $136400 , which is 41% lower than national average. While median income in Spencer remained $45224, which is 33% lower than national average.
Population
11038
Unemployment
5.7%
21% NAT AVG.
Poverty
12.3%
12% NAT AVG.
Overall Score
8
Median Home Cost
$136400
41% NAT AVG.
Median Income
$45224
33% NAT AVG.
Median Rent
$693
40% NAT AVG.
Cost Of Living
87
13% NAT AVG.
People Living BPL
1 in 8
Unemployed People
1 in 18
People Earning < $10,000
1 in 16
People Earning < $50,000
53.2%
People with <= High School
1 in 2.7
People With Any Degree
1 in 2.8
Pros & Cons Overview

Jobs60%

Housing60%

Affordability80%

Safety70%

Amenities80%

Diversity50%

Education85%

Commute95%