Spencer, Idaho (83446) is a beautiful small town nestled in the foothills of the Rocky Mountains. It is home to many local businesses offering a variety of goods and services to its citizens. The average rent for a 2 bedroom apartment in Spencer is very affordable at just $890 per month. Grocery costs are also quite reasonable with an index of 93 compared to the US average of 100. Popular local companies include Mountain Magic Forge & Forge, Idaho Lodgepole Pine Ranch, and High Country Custom Cabinets. All in all, Spencer offers a pleasant quality of life at an affordable cost of living.
Spencer (zip 83446) has an unemployment rate of 3.6%. The US average is 6.0%.
Spencer (zip 83446) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Spencer (zip 83446)
- The Sales Tax Rate for Spencer (zip 83446) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spencer (zip 83446) is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencer (zip 83446)
- The average income of a Spencer (zip 83446) resident is $42,442 a year. The US average is $37,638 a year.
- The Median household income of a Spencer (zip 83446) resident is $63,125 a year. The US average is $69,021 a year.