Spencer, West Virginia is a small city located in Roane County with an approximate population of 2,814 people. The cost of living in Spencer is relatively lower than the US average with median two-bedroom rent at $750 compared to the national average of $1,430. Similarly, according to the Grocery Cost Index, groceries in Spencer are 4% cheaper than the national average. The city offers plenty of recreational activities such as golfing, fishing, camping and hiking at various state parks nearby. Local businesses include Aracoma Contractors Inc., Lewis Farm Market, Short Line Bus Company and Roane General Hospital among others that offer different services to local citizens.
Spencer has an unemployment rate of 11.0%. The US average is 6.0%.
Spencer has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower 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 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 $13,856 a year. The US average is $28,555 a year.
- The Median household income of a Spencer resident is $22,772 a year. The US average is $69,021 a year.