Spencer, TN
1,511Residents
$46,705Median household income
$575/moMedian gross rent
$150,800Median home value
51.9Median age
11%Adults with a bachelor’s degree or higher
74%Homes lived in by their owners
3.2×Home value to household income
Median rent takes about 15% 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 $23,000 a year. In Tennessee that leaves roughly $1,713 a month after tax. See the full paycheck breakdown for $30,000.
Largest places in Tennessee
- Nashville-Davidson
- Memphis
- Knoxville
- Chattanooga
- Clarksville
- Murfreesboro
- Franklin
- Johnson City
- Jackson
- Hendersonville
All cities in Tennessee · Highest-paying jobs in Tennessee
Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.