Cost of Living in Spencer, OK
Population 3,942 · Oklahoma · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Spencer a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $119,000. At 9.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Spencer sits roughly 9 miles east of Oklahoma City — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 45% lower than Oklahoma City's $215,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Spencer
The median home value in Spencer is $119,000 — 61% below the national median of $305,000. Median rent runs $940/month, 28% lower than the national median of $1,314/month. The median household income of $57,550/year is 23% lower than the US median of $74,580. The local unemployment rate is 9.8%, above the national average of 4.8%. Oklahoma's top state income tax rate is 4.8% and the combined sales tax is 9.0%. The climate averages highs of 71.4°F and lows of 48.8°F, with about 6.7" of annual snowfall. Overall, Spencer has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
Spencer has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 54 | 63 | 71 | 79 | 88 | 93 | 92 | 84 | 73 | 61 | 50 |
| Low °F | 27 | 31 | 40 | 48 | 58 | 66 | 70 | 69 | 62 | 49 | 38 | 30 |
| Precip" | 1.32 | 1.42 | 2.55 | 3.60 | 5.31 | 4.49 | 3.59 | 3.60 | 3.72 | 3.32 | 1.68 | 1.79 |
| Snow" | 1.8 | 1.8 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 1.8 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Spencer, OK?
Spencer has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Spencer, OK?
The median gross rent in Spencer is $940 per month based on 2023 Census data.
What is the average home price in Spencer?
The median home value in Spencer is $119,000 according to Zillow and Census data.
What is the median income in Spencer?
The median household income in Spencer is $57,550 per year (2023 ACS 5-year estimates).
What is the sales tax in Spencer, OK?
The combined state and local sales tax rate in Spencer is 9.0%. The Oklahoma state income tax top rate is 4.8%.
Is Spencer, OK affordable?
Yes, Spencer is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
What is the weather like in Spencer?
Spencer has average high temperatures of 71.4°F and average lows of 48.8°F. Annual precipitation is 36.4". Average annual snowfall is 6.7". Data from NOAA 1991–2020 Climate Normals.
Spencer at a Glance
- Population
- 3,942
- Median Income
- $57,550
- Home Value
- $119,000
- Median Rent
- $940/mo
- Unemployment
- 9.8%
- Avg High Temp
- 71.4°F
- Sales Tax
- 9.0%
Nearby Cities
Explore county-level cost of living data
Oklahoma Rankings
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