Tennessee · Census place 70240
Spencer city, TN
Quick answer
Spencer city has 1,494 residents, ranking #258 of 504 places in Tennessee. Median household income is $46,563, the median home is worth $135,000 and median gross rent runs $643 a month.
- Population
- 1,494Spencer city residents
- Median household income
- $46,563Past 12 months, inflation adjusted
- Median home value
- $135,000Owner-occupied units
- Median gross rent
- $643Rent plus utilities, monthly
- Median age
- 48.8 yrsAll residents
- Homeownership rate
- 71.5%Owner-occupied households
What the numbers mean in Spencer city
Housing cost measured against local earnings.
A household earning the Spencer city median would spend about 16.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.8% of residents and 71.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Tennessee.
- Rutledge town 1,521
- Banner Hill CDP 1,519
- Watertown city 1,511
- Kenton town 1,487
- Norris city 1,472
- Lone Oak CDP 1,463
- Powells Crossroads town 1,454
Keep going
More Tennessee coverage.