Spencerville, OH is a small town in Ohio with plenty of quaint charm and appeal. It is an affordable place to call home, with the average two bedroom rent being $910 compared to the US average of $1,430. Aside from being economical, Spencerville has a variety of local businesses that provide goods and services to its citizens. Examples include Lawson Family Farm Market which offers fresh produce, Freedom Farms for dairy products, Feller's Hardware for all your home improvement needs and Spencerville Lumber Supply for building materials. With such diverse offerings in one small town, Spencerville is an attractive option for those seeking a comfortable lifestyle at an affordable price.
Spencerville has an unemployment rate of 5.4%. The US average is 6.0%.
Spencerville has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Spencerville
- The Sales Tax Rate for Spencerville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Spencerville is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencerville
- The average income of a Spencerville resident is $20,169 a year. The US average is $37,638 a year.
- The Median household income of a Spencerville resident is $39,211 a year. The US average is $69,021 a year.