Spencer is a city in West Virginia state in USA with a population of 2079 residents..
The poverty rate of Spencer is 30.9%, which is 121% higher than national average.
The typical household in Spencer earns $24309 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 5 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 74.1% of households earn less than $50,000 a year compared to 39% national rate.
With a lack of available jobs, many in Spencer are struggling financially. Nearly one in every 1 in every 9 workers in Spencer is unemployed.
The unemployment rate of Spencer remained 11%, which is 134% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Spencer is 0, which is 100% lower than national average.
In Spencer, only 12% of adults have a bachelor's degree and 18% have some college but no degree.
Median home value in Spencer is $73900 , which is 68% lower than national average.
While median income in Spencer remained $24309, which is 64% lower than national average.