Spencer, Michigan 

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Economy in Spencer, Michigan

Spencer has an unemployment rate of 3.9%. The US average is 3.7%.

Spencer has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.

Tax Rates for Spencer
- The Sales Tax Rate for Spencer is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spencer is 4.3%. 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 $23,812 a year. The US average is $28,555 a year.
- The Median household income of a Spencer resident is $54,257 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYSpencer, MichiganUnited States
  3.9%3.7%
  2.0%1.6%
  37.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,827$31,177
  $53,304$57,652
  $56,008$70,850
  POPULATION BY OCCUPATION
  3.3%1.3%
  0.0%0.6%
  13.6%6.2%
  19.8%10.4%
  4.3%2.7%
  7.4%11.6%
  6.0%4.1%
  0.2%0.9%
  3.0%2.1%
  1.3%4.7%
  0.9%1.9%
  1.8%6.7%
  0.3%0.1%
  5.7%4.3%
  8.0%9.3%
  10.8%13.8%
  1.0%2.2%
  2.3%7.4%
  8.7%4.9%
  1.6%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    MAPS OF SPENCER, MICHIGAN
    ZIP CODES IN SPENCER, MICHIGAN
    49326


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