Spencer, KY County is a great place to live for those looking for affordable rent and low cost groceries. The two bedroom rent in Spencer is only $1,050 compared to the US average of $1,430. Additionally, the grocery cost index in Spencer is an incredibly low 98 versus 100 in the US. This makes it a great choice for families looking to stretch their dollar further. \nIn Spencer you can find plenty of things to do including popular attractions like Hidden Valley Lake Resort and Marina and Goldenrod Flea Market. There are also lots of local businesses, such as Reesers Lumber Company, Hillside Orchard Farms, and Kentucky Antique Mall. With so much to offer Spencer is an ideal place to settle down and enjoy all that it has to offer.
Spencer County has an unemployment rate of 3.9%. The US average is 6.0%.
Spencer County has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 42.9%, which is higher than the US average of 33.5%.
Tax Rates for Spencer County
- The Sales Tax Rate for Spencer County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spencer County is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencer County
- The average income of a Spencer County resident is $37,946 a year. The US average is $37,638 a year.
- The Median household income of a Spencer County resident is $92,973 a year. The US average is $69,021 a year.