Pros and Cons of Living In Spencer, Iowa. Is Spencer, IA a Nice Place To Live or Retire?

Spencer, Iowa

Moving to Spencer In Iowa ? Is Spencer, IA a Nice Place To Live? Pros and Cons of Living in Spencer, Iowa. Find out the best and worst about to live, raise a family or retire in Spencer.

Spencer is a city in the state of Iowa, United States, and the county seat of Clay County. It is located at the confluence of the Little Sioux and Ocheyedan rivers. The population was 11,325 in the 2020 census, an increase from 11,317 in 2000. Spencer hosts the Clay County Fair, held annually in September and averaging more than 300,000 visitors.

The town's late library cat, Dewey Readmore Books, became known throughout the world before his death in 2006. He was immortalized in the book Dewey: The Small-Town Library Cat Who Touched the World by Vicki Myron, director of the library, and Bret Witter.

DEMOGRAPHICS

Population
11038
Unemployment
5.7%
21% NAT AVG.
Poverty
12.3%
12% NAT AVG.
Cost Of Living
87
13% NAT AVG.

ECONOMICS

Median Home Cost
$136400
41% NAT AVG.
Median Income
$45224
33% NAT AVG.
Median Rent
$693
40% NAT AVG.
Overall Score
8

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 8
Unemployed People
1 in 18
People Earning < $10,000
1 in 16
People Earning < $50,000
53.2%
People With Any Degree
1 in 2.8

ETHNICITY

Ethnicity Spencer USA
White 91.9% 60.1%
African American 0.1% 12.2%
American Indian 0% 0.6%
Asian 1% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.6% 2.8%
Hispanic 4.1% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Spencer USA
Less than $10,000 6.4% 5.8%
$10,000 to $14,999 7.3% 4.1%
$15,000 to $24,999 14.9% 8.5%
$25,000 to $34,999 10.8% 8.6%
$35,000 to $49,999 13.8% 12.0%
$50,000 to $74,999 15.8% 17.2%
$75,000 to $99,999 14.5% 12.8%
$100,000 to $149,999 11% 15.6%
$150,000 to $199,999 3.3% 7.1%

EDUCATION

Education Spencer USA
< 9th Grade 0% 5.0%
9-12th Grade 4% 7.0%
High School or GED 33% 27.0%
Other College 27% 20.0%
Associate's Degree 11% 9%
Bachelor's Degree 17% 20.0%
Master's Degree 4% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 1% 1.0%
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. 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.

Cost of living in Spencer is 87, which is 13% lower than national average. In Spencer, only 25% of adults have a bachelor's degree and 38% have some college but no degree. 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.
Spencer Scorecard

Jobs60%

Housing60%

Affordability80%

Safety70%

Amenities80%

Diversity50%

Education85%

THANKS FOR READING

Read this story and other stories in details on our Website.