Spencer, IA — income, home value, property tax, and sales tax.
In ZIP code 51346, which covers Spencer, households earn a median of $72,426 a year, while per-capita income sits at $36,968. A median home there is valued at $156,800, and the county's 0.98% effective property tax rate works out to roughly $1,536 annually on such a home. Sales taxes combine to 7.00%, so everyday purchases carry a noticeable surcharge. Taken together, these figures sketch a place where earnings stretch further than in many metro areas, though the sales tax still trims spending power on each transaction.
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