Spencer, IA Employment - Median Household Income, Unemployment Rate

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Income/capita 10%

Household income 18%

Unemployment 51%

Index	Spencer	Iowa	National
Income per capita	$26,878	$28,872	$29,829
Median household income	$45,559	$54,570	$55,322
Median income owner occupied	$57,519	$66,527	$70,586
Median income renter occupied	$21,241	$30,828	$35,192
Median earnings male	$37,171	$37,409	$36,919
Median earnings female	$22,672	$25,115	$26,250
Unemployment rate	2.3%	3.1%	4.7%
Poverty level	13.0%	12.3%	15.1%

Key findings

The income per capita in Spencer is 10% 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 51% lower than the national average
The poverty level in Spencer is 14% lower than the national average

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am i middle class

$30,369$45,559$91,118

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	7.0%	0.8%
Manufacturing sector	22.2%	5.6%
Financial & insurance services	2.5%	7.2%
Wholesale & retail services	25.8%	17.8%
Public administration	1.8%	1.1%
Transportation, warehousing & utilities	6.4%	1.9%
Education, health & social services	10.1%	44.4%
Other	16.2%	17.8%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Fostoria, IA	194	$63,250	14%
Rossie, IA	50	$58,571	6%
Everly, IA	624	$56,563	2%
West Okoboji, IA	314	$54,107	2%
Royal, IA	415	$48,125	13%
Spencer, IA	11,172	$45,559	18%

Cities with similar population

City, State	Population	Household Income	National Avg.
Westwood, NJ	11,170	$89,817	62%
Spearfish, SD	11,176	$44,330	20%
Raymondville, TX	11,165	$24,167	56%
Seymour, TN	11,164	$53,882	3%
Pompton Lakes, NJ	11,163	$91,604	66%
Spencer, IA	11,172	$45,559	18%

Source: The Spencer, IA employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).