Cost of living in Spencer, Indiana
Simple answer
Typical rent is $798 a month.
Spencer is a town in Indiana. That rent number includes utilities. A typical household earns $48,378 a year.
- People
- 2,481
- Census average, 2020–2024
- Typical rent
- $798
- Median gross rent, includes utilities
- Typical pay
- $48,378
- Median household income, yearly
- Typical home
- $162,900
- Median home value
- 2-bedroom fair rent
- $1,014
- Owen County, IN HUD Metro FMR Area
Spencer, Indiana has about 2,481 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $162,900.
HUD's fair-market rent for a 2-bedroom in Owen County is $1,014 a month. That is the county number, not an apartment listing in Spencer. It runs from October 2026 through September 2027.
In the Bloomington, IN metro area, prices sit at 95.1 when the U.S. average is 100. That is a 2024 BEA index.
Indiana taxes wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not Spencer's exact store tax.
Some places in Indiana add a local wage tax. In 2023 the state average was about 0.35% of income. That is not a Spencer bill.
In July 2026, a typical Indiana home paid 16.73¢ per kilowatt-hour. That is a state average from EIA, not Spencer's bill.
EIA did not publish a 2025 all-grades gas price for Indiana in the table we use.
Among 320 places we list in Indiana with a rent figure, 247 have higher typical rent than Spencer.
Nearby places
- Gosport
Typical rent $898
Compare with Spencer - Ellettsville
Typical rent $855
Compare with Spencer - Bloomington
Typical rent $1,200
Compare with Spencer - Worthington
Typical rent $572
Compare with Spencer - Cloverdale
Typical rent $743
Compare with Spencer - Clay City
Typical rent $756
Compare with Spencer - Bloomfield
Typical rent $732
Compare with Spencer - Martinsville
Typical rent $983
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Indiana
Bigger places in Indiana
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.