Spencer, South Dakota is a small town with a population of around 57374 people, located in Lincoln County. The average rent for a two bedroom apartment in Spencer stands at $830, which is much lower than the national average of $1,430. Grocery cost index in Spencer is also relatively low at 97 when compared to the nationwide figure of 100.
Spencer has many local businesses including K&H Towing & Recovery, Eide Ford Chrysler Dodge Jeep Ram and Lincoln County Animal Hospital. The main local attraction is the High Plains Western Heritage Center which showcases the history of western heritage through interactive exhibits such as stagecoach rides.
Spencer (zip 57374) has an unemployment rate of 2.9%. The US average is 6.0%.
Spencer (zip 57374) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Spencer (zip 57374)
- The Sales Tax Rate for Spencer (zip 57374) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Spencer (zip 57374) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencer (zip 57374)
- The average income of a Spencer (zip 57374) resident is $34,095 a year. The US average is $37,638 a year.
- The Median household income of a Spencer (zip 57374) resident is $68,482 a year. The US average is $69,021 a year.