Spencer, IA — income, home value, property tax, and sales tax.
In ZIP code 50515, near Spencer, households earn a median of $63,333, while per-capita income sits at $38,374 — a working- to middle-income profile by most standards. Home values, however, run quite low: a median of just $29,300. Even with the county's 1.20% effective property tax rate, annual bills on such homes stay small in dollar terms. The combined sales tax rate of 7.00% applies to everyday purchases, adding a steady cost that weighs more heavily on tighter budgets than on higher earners.
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