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.