Spencer, IA — income, home value, property tax, and sales tax.
In ZIP code 51358, which takes in Spencer, households earn a median of $64,583, while per-capita income sits at $33,049. Home values center on $150,500, and the county's 1.20% property tax rate translates to roughly $1,806 a year on a home at that median value. Add a 7.00% combined sales tax on purchases, and daily spending carries its own weight. Together these figures sketch a place where earnings stretch across housing, goods, and services without much slack, so a household's paycheck covers the essentials first, with whatever remains shaping how comfortably the year unfolds.
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