Spencer vs Springfield
| Spencer | Springfield | |
|---|---|---|
| Population | 5,637 | 155,305 |
| Median Household Income | $59,931 | $52,656 |
| Median Home Value | $341,300 | $245,000 |
| Median Gross Rent | $1,049/mo | $1,144/mo |
| Homeownership Rate | 40.2% | 49.6% |
| Unemployment Rate | 6.4% | 8.7% |
| Bachelor's Degree or Higher | 16.8% | 20.5% |
| Median Age | 53.4 | 33.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.