Spencer, TN (38585) is a rural community located in White County. With a population of just under 1,500 people, Spencer offers residents a peaceful and friendly atmosphere. Rent for a two bedroom home is $820, significantly lower than the US average of $1,430. Additionally, the grocery cost index here is 91 compared to 100 nationally.
Spencer has many local businesses to choose from such as D & G Logging and Excavating LLC for all your construction needs and Spurgeon’s Store that provides groceries and other necessities. For entertainment there is also Slade’s Amusement Center with games and activities for all ages. Spencer is an excellent place to call home with its friendly atmosphere and great local services!
Spencer (zip 38585) has an unemployment rate of 6.9%. The US average is 6.0%.
Spencer (zip 38585) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Spencer (zip 38585)
- The Sales Tax Rate for Spencer (zip 38585) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Spencer (zip 38585) 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 38585)
- The average income of a Spencer (zip 38585) resident is $19,531 a year. The US average is $37,638 a year.
- The Median household income of a Spencer (zip 38585) resident is $38,636 a year. The US average is $69,021 a year.