Spencer, MA
5,661Residents
$59,931Median household income
$1,049/moMedian gross rent
$341,300Median home value
53.4Median age
17%Adults with a bachelor’s degree or higher
40%Homes lived in by their owners
5.7×Home value to household income
Median rent takes about 21% of the median household income in Spencer.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $42,000 a year. In Massachusetts that leaves roughly $2,819 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.