Income & Economy in Spencer city, IA (51301)
Median Income
$61,175
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+711
Wealth inflow
Population
12,402
Unemployment
4.7%
1.0pp above US avg
IRS migration statistics show a net inflow of about 711 for ZIP 51301 (Spencer city, IA) 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 51301 (2020–Present)
Since 2020, population grew 2.0%, median income rose 8.3% (inflation-adjusted), home values increased 8.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $61,175 |
| Unemployment | 4.7% |
| Establishments | 483 |
| Employees | 6,534 |