Income & Economy in Spencer town, TN (38585)
Median Income
$51,458
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+161
Wealth inflow
Population
4,550
Unemployment
3.6%
0.1pp below US avg
IRS migration statistics show a net inflow of about 161 for ZIP 38585 (Spencer town, TN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 38585 (2020–Present)
Since 2020, population grew 2.0%, median income rose 6.3% (inflation-adjusted), home values increased 19.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $51,458 |
| Unemployment | 3.6% |
| Establishments | 37 |
| Employees | 379 |