Spencer, TN Employment - Median Household Income, Unemployment Rate

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D-

36%

Income/capita NAT. AVG.

27%

Household income NAT. AVG.

53%

Unemployment NAT. AVG.

Index	Spencer	Tennessee	National
Income per capita	$28,854	$39,391	$44,883
Median household income	$59,356	$70,292	$81,333
Median income owner occupied	$73,853	$88,122	$106,172
Median income renter occupied	$27,735	$42,945	$52,080
Median earnings male	$51,038	$47,853	$54,343
Median earnings female	$24,238	$35,679	$38,439
Unemployment rate	2.3%	4.8%	4.9%
Poverty level	15.5%	17.2%	15.1%

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Homes For Sale In Spencer, TN

Creek Rd

Spencer, TN

529 Herb Mooneyham Rd

Spencer, TN

9 Templeton St

Spencer, TN

1249 Gulf Rd

Spencer, TN

Key findings

The income per capita in Spencer is 36% lower than the national average
The median household income in Spencer is 27% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Spencer is 53% lower than the national average
The poverty level in Spencer is 3% higher than the national average

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am i middle class

$39,566 $59,356 $118,712

City

$46,856 $70,292 $140,584

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	13.0%	13.0%
Manufacturing sector	26.4%	26.4%
Financial & insurance services	1.1%	1.1%
Wholesale & retail services	14.9%	14.9%
Public administration	8.8%	8.8%
Transportation, warehousing & utilities	0.4%	0.4%
Education, health & social services	15.3%	15.3%
Other	19.9%	19.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Sparta, TN	5,117	$48,620	40.2%
Doyle, TN	609	$48,067	40.9%
Pikeville, TN	2,515	$47,869	41.1%
Spencer, TN	1,443	$59,356	27.0%

Cities with similar population

City	Population	Household Income	National Avg.
Pinetops, NC	1,443	$56,718	30.3%
New Middletown, OH	1,443	$65,639	19.3%
Gardendale, TX	1,443	$122,841	51.0%
Dunnigan, CA	1,444	$62,162	23.6%
Strawberry Point, IA	1,442	$77,066	5.2%
Spencer, TN	1,443	$59,356	27.0%

Source: The Spencer, TN 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.