Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Spencer, Oklahoma is a small city with a population of 4,133 residents. Individuals of White (28%) and Black or African American (59%) backgrounds make up a significant portion of the population of the city. Spencer is very likely to be a great place to live for singles as only 43%, of the population (over fifteen) are classified as married. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Spencer, your commute time will align closely with the national average, spanning a one-way duration of approximately 29 minutes.
Without the right tools, moving to any new area can be very stressful and challenging. Living in Spencer, Oklahoma could be a positive experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Spencer, AreaVibes has created a livability score using key metrics like amenities, crime, education, housing and more.
With a livability score of 53 out of 100, Spencer is ranked #24,522 in the United States and #628 in Oklahoma. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Spencer may not be a pleasant experience. There are nine total categories that create the livability score. Spencer scores well for housing (A+) There is at least one category that did not score well in Spencer. The following was graded with a less than perfect score: amenities (F), crime (F), education (F) and employment (F).
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Spencer, residents enjoy the privilege of a cost of living that is 22.07% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Spencer an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
Finding affordable real estate and housing in Spencer can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Spencer. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Spencer are affordable. Median real estate prices in Spencer come in at $157,971, which is 26.7% lower than the Oklahoma average. The home price to income ratio compares the median home prices to the median household income. In Spencer, the home price to income ratio is 2.9, which is 3.3% lower than the Oklahoma average.
| Statistic | Spencer | Oklahoma | National |
| Average one way commute | 29min | 21min | 26min |
| Workers who drive to work | 84.9% | 82.6% | 76.4% |
| Workers who carpool | 10.2% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 0.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.5% | 1.8% | 2.8% |
| Working from home | 3.2% | 3.6% | 4.6% |
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