County profile
Spencer County, KY
United States · GDP 2024
#2472 of 3,127 US counties by GDP72nd-percentile growthmore diversified than 70% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$444.7M
BEA · 2024
GDP growth (YoY)
+6.5%
BEA · 2024
Jobs tracked
1,345
Census CBP · 2023
Employers
255
Census CBP · 2023
Avg. wage
$44.5k
BLS QCEW · 2023
Population
20,998
Census PEP · 2025
Labor, income & education
Unemployment
5.6%
Median HH income
$102.6k±$12.0k
Bachelor's degree+
23.6%±3.0%
Poverty rate
9.8%±3.1%
Business applications
208 · 2025
Retail establishments
29
14.0/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Construction25%
Retail trade23%
Food & accommodation20%
Health care16%
Other services10%
Professional services6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
20,998
residents · 2025 · +7.7% since 2020
Income per capita $61.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+1,472
International migration+53
Natural change−15
GDP trend
2019–2024 · nominal
$295.1M2019
$331.7M2020
$345.8M2021
$366.9M2022
$417.7M2023
$444.7M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$330.0k±$11.9k
Median gross rent
$987/mo±$56/mo
Vacancy rate
5.2%±2.1%
Affordability
7.4× wages
Residential permits
$25.2M
85 units · 4.0/1k pop
FEMA risk score
13.3
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Tornado 57Strong wind 49Landslide 40
FHFA HOUSE PRICE INDEX · 2016–2025
1942016
2092017
2152018
2232019
2352020
2592021
2972022
3212023
3402024
3472025
RESIDENTIAL PERMITS · 2021–2025
↓ -52% since 20211772021
832022
832023
1262024
852025
Transport access
BTS · FAA · USACE
Nearest interstate
18.3 km
I-64
Nearest freight rail
18.6 km
NS
Nearest port
33.6 km
Louisville-Jefferson Port, KY
Nearest commercial airport
39.0 km
LOUISVILLE MUHAMMAD ALI INTL
Wage trend
BLS QCEW · 2019–2023$44.5k
avg. annual pay · +30% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Spencer?
Spencer's economy produced $444.7M in 2024, growing 6.5% year over year — faster than most US counties. Its largest employment sector is construction.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.