Pay and cost of living in Spencer County, IN
Across the 3 occupations we cover in Spencer County, IN, the middle median salary is $36,590 a year. Pay runs from $28,140 for Fast Food and Counter Workers up to $46,270 for Miscellaneous Assemblers and Fabricators, a spread of $18,130. Wages come from the Southern Indiana nonmetropolitan area survey area.
A one-bedroom apartment in Spencer County, IN has a HUD Fair Market Rent of $775 a month and a two-bedroom $1,014. Rent, food, home energy and gasoline for one adult add up to $16,084 a year. After federal, FICA and state income taxes, the average occupation here takes home $30,778 a year, and every one of the 3 occupations listed here earns enough take-home pay to cover the four basics.
Open any occupation below for its full payslip, the tax breakdown, the rent comparison and a plain-English explanation of what is left after the basics. Every figure uses the same method, so results are comparable from one job and one county to the next.
Housing, taxes and commute in Spencer County, IN
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Spencer County, IN, set beside the Indiana and national medians.
Median household income in Spencer County, IN is $74,506, 4% above the Indiana median of $71,957 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($9,300) equals 12.5% of that income. The median of the occupation medians listed here, $36,590, is 51% below household income, which is expected because a household can hold more than one earner.
Homeowners in Spencer County, IN pay a median of $1,147 a year in real estate taxes, 29% below the Indiana median of $1,614. With a median home value of $185,200, 15% below the Indiana median of $218,200, the ratio of the two medians is 0.62% a year.
Renters in Spencer County, IN pay a median gross rent of $751 a month in the Census survey, 29% below the Indiana median of $1,062. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $775; the Census figure covers rental units of every size.
Workers in Spencer County, IN who travel to a workplace spend an average of 26.0 minutes each way, 8% above the Indiana average of 24.1. 4.5% of workers work from home, compared with 15.1% nationally.