Spencer, MA 01562 is a small town located in the heart of Central Massachusetts. It boasts a population of 11,688 according to the latest census estimates. The cost of rent for a two bedroom apartment in Spencer is $1,320 which is lower than the US average of $1,430. Cost of living is also below the national average with local grocery costs being indexed at 105 versus 100 in the US.
The town provides ample outdoor activities with Greenbush Forest nearby, as well as several parks and lakes throughout the area. There are also many attractions such as indoor and outdoor recreational facilities and museums. Residents also have access to plenty of shopping options including Super Stop & Shop, Walmart, Dollar General, and many more small shops and boutiques throughout town. Additional amenities include restaurants such as Prime 17 Steakhouse & Bar, The Cellar Pub & Grille, Hot Oven Bakery Inc., and several other eateries that provide delicious meals for visitors and residents alike.
Spencer (zip 01562) has an unemployment rate of 6.7%. The US average is 6.0%.
Spencer (zip 01562) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Spencer (zip 01562)
- The Sales Tax Rate for Spencer (zip 01562) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Spencer (zip 01562) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencer (zip 01562)
- The average income of a Spencer (zip 01562) resident is $29,335 a year. The US average is $28,555 a year.
- The Median household income of a Spencer (zip 01562) resident is $68,559 a year. The US average is $69,021 a year.