Cost of living in Spencer, North Carolina
Simple answer
Typical rent is $1,000 a month.
Spencer is a town in North Carolina. That rent number includes utilities. A typical household earns $65,465 a year.
- People
- 3,349
- Census average, 2020–2024
- Typical rent
- $1,000
- Median gross rent, includes utilities
- Typical pay
- $65,465
- Median household income, yearly
- Typical home
- $201,700
- Median home value
- 2-bedroom fair rent
- $1,262
- Rowan County, NC HUD Metro FMR Area
Spencer, North Carolina has about 3,349 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $201,700.
HUD's fair-market rent for a 2-bedroom in Rowan County is $1,262 a month. That is the county number, not an apartment listing in Spencer. It runs from October 2026 through September 2027.
In the Charlotte-Concord-Gastonia, NC-SC metro area, prices sit at 97.3 when the U.S. average is 100. That is a 2024 BEA index.
North Carolina 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.
In July 2026, a typical North Carolina home paid 15.16¢ 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 North Carolina in the table we use.
Among 407 places we list in North Carolina with a rent figure, 206 have higher typical rent than Spencer.
Nearby places
- East Spencer
Typical rent $677
Compare with Spencer - Salisbury
Typical rent $1,071
Compare with Spencer - Granite Quarry
Typical rent $1,099
Compare with Spencer - Tyro
Typical rent $746
Compare with Spencer - SouthmontCompare with Spencer
- Rockwell
Typical rent $952
Compare with Spencer - Lexington
Typical rent $893
Compare with Spencer - China Grove
Typical rent $993
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 North Carolina
Bigger places in North Carolina
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.