Spencer County, IN
Comprehensive housing, income, and cost of living data for Spencer County, Indiana. Population: 19.9K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Spencer County, IN?
The median home price in Spencer County, Indiana is $201.3K. The price-to-income ratio is 2.8x, meaning the median home costs 2.8 times the median household income.
What salary do you need to buy a home in Spencer County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $51.3K per year to buy the median home in Spencer County, IN. Monthly housing costs break down to $1,018 for mortgage, $94.83 for property tax, and $83.88 for insurance.
What is the property tax rate in Spencer County?
The effective property tax rate in Spencer County is 0.57%, which comes to approximately $1,138 per year on the median home.
What is the median household income in Spencer County?
The median household income in Spencer County, Indiana is $70.9K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.1%%.
Is Spencer County a good place to live?
Spencer County, Indiana has a population of 19.9K. Housing affordability is strong with a price-to-income ratio of 2.8x. The climate averages 56 degrees F with 175 sunny days per year. Compare Spencer County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.