Spencer, IA Employment - Median Household Income, Unemployment Rate

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D

4%

Income/capita NAT. AVG.

16%

Household income NAT. AVG.

22%

Unemployment NAT. AVG.

Index	Spencer	Iowa	National
Income per capita	$43,125	$42,672	$44,883
Median household income	$68,078	$81,387	$81,333
Median income owner occupied	$96,927	$98,724	$106,172
Median income renter occupied	$34,492	$45,890	$52,080
Median earnings male	$56,946	$54,047	$54,343
Median earnings female	$41,060	$36,462	$38,439
Unemployment rate	3.8%	3.2%	4.9%
Poverty level	12.3%	12.3%	15.1%

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Key findings

The income per capita in Spencer is 4% lower than the national average
The median household income in Spencer is 16% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Spencer is 22% 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

$45,380 $68,078 $136,156

City

$54,252 $81,387 $162,774

State

$54,216 $81,333 $162,666

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	186	$112,508	38.3%
West Okoboji, IA	356	$106,784	31.3%
Dickens, IA	210	$90,325	11.1%
Webb, IA	186	$85,118	4.7%
Milford, IA	3,086	$80,026	1.6%
Spencer, IA	11,331	$68,078	16.3%

Cities with similar population

City	Population	Household Income	National Avg.
Morgan City, LA	11,332	$60,117	26.1%
Franklin Lakes, NJ	11,324	$269,878	231.8%
Woodmere, LA	11,322	$74,998	7.8%
Waimea, HI	11,340	$142,934	75.7%
Clearwater County, AB	11,321	n/a
Spencer, IA	11,331	$68,078	16.3%

Source: The Spencer, IA employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.