Spencer, NY is an affordable town located in Tioga County. With a 2 Bedroom rent of only $1,170, it is significantly lower than the US average at $1,430. On top of that, Spencer has a grocery cost index of 99 compared to 100 in the US. This makes Spencer a great place for those looking for a comfortable living while keeping their costs low. The town has many local businesses and organizations such as: Spencer Business Machines and Office Supplies, Spencer Workshops LLC., Adams Auto Body, Broome-Tioga Board of Cooperative Educational Services (BOCES), and more. All of these businesses provide quality services for the people of Spencer.
Spencer has an unemployment rate of 6.1%. The US average is 6.0%.
Spencer has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Spencer
- The Sales Tax Rate for Spencer is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Spencer is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencer
- The average income of a Spencer resident is $21,035 a year. The US average is $28,555 a year.
- The Median household income of a Spencer resident is $57,316 a year. The US average is $69,021 a year.