Spencer, IA — income, home value, property tax, and sales tax.
Households in ZIP code 51338, centered on Spencer, bring in a median of $57,500 a year, while per-capita income reaches $35,552. With a median home value of $125,200 and a county property tax rate of 1.15%, annual property taxes on such a home would run roughly $1,440. A combined sales tax of 7.00% applies to purchases in the area. Those earnings and costs shape how far each paycheck stretches day to day.
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