Spencer, IA Employment - Median Household Income, Unemployment Rate

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D

2%

Income/capita NAT. AVG.

18%

Household income NAT. AVG.

23%

Unemployment NAT. AVG.

Index	Spencer	Iowa	National
Income per capita	$29,129	$28,872	$29,829
Median household income	$45,224	$54,570	$55,322
Median income owner occupied	$65,547	$66,527	$70,586
Median income renter occupied	$23,295	$30,828	$35,192
Median earnings male	$38,064	$37,409	$36,919
Median earnings female	$27,538	$25,115	$26,250
Unemployment rate	3.6%	3.1%	4.7%
Poverty level	12.3%	12.3%	15.1%

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Key findings

The income per capita in Spencer is 2% lower than the national average
The median household income in Spencer is 18% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Spencer is 23% lower than the national average
The poverty level in Spencer is 18% lower than the national average

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am i middle class

$30,146 $45,224 $90,448

City

$36,376 $54,570 $109,140

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Spencer median earnings by income bracket

Spencer employment by industry

Labour Type	Male	Female
Construction industry	10.6%	10.6%
Manufacturing sector	12.2%	12.2%
Financial & insurance services	3.1%	3.1%
Wholesale & retail services	24.2%	24.2%
Public administration	2.0%	2.0%
Transportation, warehousing & utilities	8.8%	8.8%
Education, health & social services	18.5%	18.5%
Other	17.7%	17.7%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Fostoria, IA	180	$75,625	36.7%
West Okoboji, IA	345	$70,625	27.7%
Dickens, IA	206	$61,250	10.7%
Webb, IA	181	$57,857	4.6%
Milford, IA	3,015	$54,375	1.7%
Spencer, IA	11,038	$45,224	18.3%

Cities with similar population

City	Population	Household Income	National Avg.
Franklin Lakes, NJ	11,044	$178,794	223.2%
Ontario, OR	11,031	$35,917	35.1%
Middle Island, NY	11,030	$75,545	36.6%
Munhall, PA	11,049	$42,368	23.4%
Holbrook, MA	11,051	$79,718	44.1%
Spencer, IA	11,038	$45,224	18.3%

Source: The Spencer, IA employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).