2025 Compare Cities Economy:
Spencer, IA vs Madison, SD

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Highlights
- Household income in Madison, is 29% more than it is in Spencer and is 18% below the National Average.
- Spencer unemployment rate is 4.0%.
- Madison unemployment rate is 3.0%.
 Spencer, IAMadison, SDUnited States
 Unemployment Rate  Unlock3.0%6.0%
 Recent Job Growth  Unlock2.6%1.6%
 Future Job Growth17.2%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$29,743  Unlock$37,638
 Household Income  Unlock$58,564$69,021
 Family Median Income$68,066  Unlock$85,028
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 Est. Households By Income
 Spencer, IAMadison, SDUnited States
 Income Less Than 15K  Unlock15.8%9.4%
 Income between 15K and 20K6.4%  Unlock3.8%
 Income between 20K and 30K  Unlock5.6%8.1%
 Income between 30K and 40K11.8%  Unlock8.0%
 Income between 40K and 50K  Unlock9.3%7.6%
 Income between 50K and 60K6.5%  Unlock7.2%
 Income between 60K and 75K  Unlock14.5%9.6%
 Income between 75K and 100K11.8%  Unlock12.8%
 Income between 100K and 150K  Unlock15.7%16.3%
 Income between 150K and 200K3.2%  Unlock7.8%
 Income greater than 200K  Unlock3.2%9.5%
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 Population By Occupation
 Spencer, IAMadison, SDUnited States
 Management, business, finance14.8%  Unlock16.4%
 Engineering, computers, science  Unlock4.9%6.5%
 Community, social services0.4%  Unlock1.8%
 Legal  Unlock1.2%1.2%
 Education, library7.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.5%2.0%
 Healthcare practitioners and technology7.7%  Unlock6.2%
 Healthcare support  Unlock3.9%3.3%
 Firefighters, law enforcement2.2%  Unlock2.1%
 Food preparation, serving  Unlock8.6%5.4%
 Building maintenance5.2%  Unlock3.6%
 Personal care  Unlock1.5%2.6%
 Sales, office, administrative support23.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock1.3%0.6%
 Construction, extraction, maintenance/repair8.0%  Unlock8.1%
 Production, transportation, material moving  Unlock13.4%13.1%
Reviews for Spencer    2 Reviews

The summers in Spencer are magical. Fireflies, perfect weather, and beautiful lakes nearby. Everything here grows like a dream. Just plant it and it will grow without  More

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Over 15 years ago

Could use a few more democrats just to spice it up.  More

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Reviews for Madison    1 Reviews

Over 12 years ago

Town is easy to get around  More

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