Spencer, North Carolina (28159) is a small town located in Rowan County with a population of 3,216 as of the 2020 US Census. It boasts affordable 2 bedroom rental costs at $1,170 versus the US average rent cost for 2 bedrooms at $1,430. Additionally, the Grocery Cost Index in Spencer is 93 compared to 100 in the US. \nThe town has close access to I-85 and features a charming historic district full of local shops and restaurants. With two museums nearby, residents have plenty to explore on their days off. Popular local businesses include Salisbury Motor Company, The Brian Center Health & Retirement Services and Wrenn's Auto Repair Inc. Spencer is a great place for young professionals looking for an affordable home base with access to larger cities like Charlotte and Greensboro.
Spencer (zip 28159) has an unemployment rate of 4.7%. The US average is 6.0%.
Spencer (zip 28159) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.7%, which is higher than the US average of 33.5%.
Tax Rates for Spencer (zip 28159)
- The Sales Tax Rate for Spencer (zip 28159) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spencer (zip 28159) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencer (zip 28159)
- The average income of a Spencer (zip 28159) resident is $17,591 a year. The US average is $28,555 a year.
- The Median household income of a Spencer (zip 28159) resident is $56,264 a year. The US average is $69,021 a year.