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Places/KY/Spencer
County profile

Spencer

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
GDP growth
+6.5%
Jobs tracked
1,345
Employers
255
Avg. wage
$44.5k
Population
20,998
Labor & formation
Unemployment
5.0%
Median HH income
$102.6k±$12.0k
Business applications
208 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

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
$295.1M
2019
$331.7M
2020
$345.8M
2021
$366.9M
2022
$417.7M
2023
$444.7M
2024

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
85 (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
194
2016
209
2017
215
2018
223
2019
235
2020
259
2021
297
2022
321
2023
340
2024
347
2025

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 GDP
Wells$443.7MWashakie$446.5MHaskell$442.8MTallahatchie$446.7MKeokuk$442.6MBrown$442.6M
The read

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.
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