Spencer vs Memphis
| Spencer | Memphis | |
|---|---|---|
| Population | 1,469 | 630,027 |
| Median Household Income | $46,705 | $51,736 |
| Median Home Value | $150,800 | $169,000 |
| Median Gross Rent | $575/mo | $1,181/mo |
| Homeownership Rate | 73.9% | 44.9% |
| Unemployment Rate | 0.5% | 8.3% |
| Bachelor's Degree or Higher | 11.3% | 28.0% |
| Median Age | 51.9 | 34.2 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.