Spencer, IA — income, home value, property tax, and sales tax.
ZIP code 51343, in the Spencer area, sits in middle-income territory, with a median household income of $60,625 and per-capita income of $41,267. Home values run lower than the national figure at $98,800, and the county-level effective property tax rate of 1.15% applies to that smaller base, keeping annual bills below what higher-priced markets generate. Sales tax combines to 7.00%, a rate shoppers here pay on everyday purchases. Taken together, the picture is a working- to middle-income community where property taxes stay contained by lower valuations, while the sales tax adds a steady cost to routine spending.