Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Crime
Reporting high crime rates per 100,000 people, this area may be perceived as an unsafe place to reside. These statistics encompass both violent and property crime rates.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Spencer, Oklahoma is a small city with a population of 3,985 people. Spencer is mostly populated by White (28%) and Black or African American (59%) ethnic groups. All the single ladies and all the single fellas might want to take notice as only 43% of the Spencer population is married. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Spencer is the right fit for you, your one way commute time will average 29 minutes, which is about average when compared to the national commute time of 26 minutes.
Are you trying to decide if living in Spencer is the right fit for your lifestyle? To ensure a great experience before relocating to any new city in Oklahoma, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Using the livability score which includes data from categories like amenities, commute, housing, you can easily compare the best places to live in Spencer and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Spencer to Oklahoma and the national average.
The livability score in Spencer is 54/100 and the city is ranked in the 21st percentile of all cities across America. This score ranks well below the United States average. With such a low livability score, it might be worth investigating a little further. If we examine each of the categories on their own, we see that Spencer ranks well for housing (B+). There are some categories that Spencer does not rank well for, including: amenities (F), education (F) and employment (F). It might be worth taking a closer look to figure out why.
In today's ever-changing economic climate, pursuing a cost-effective lifestyle takes on heightened importance, particularly with the continual increase in prices for everyday necessities. When living in Spencer, residents are privileged to experience a cost of living that stands 22.93% below the national average. This advantageous position has a far-reaching impact, spanning a wide array of expenditures, encompassing not just goods and services, but also housing, groceries, and transportation costs. As a result, this area emerges as a central hub where your financial resources yield greater value, allowing for the maintenance of an economically sustainable lifestyle. This affordability holds exceptional significance in an era characterized by mounting expenses, making Spencer an attractive destination for individuals seeking financial prudence without compromising their quality of life.
Finding affordable real estate and housing in Spencer can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Spencer is real estate affordability. Median real estate prices in Spencer come in at $86,700, which is 28.5% lower than the Oklahoma average. The home price to income ratio compares the median home prices to the median household income. In Spencer, the home price to income ratio is 2.4, which is 4% lower than the Oklahoma average.
| Statistic | Spencer | Oklahoma | National |
| Average one way commute | 29min | 21min | 26min |
| Workers who drive to work | 84.9% | 82.6% | 76.4% |
| Workers who carpool | 10.2% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 0.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.5% | 1.8% | 2.8% |
| Working from home | 3.2% | 3.6% | 4.6% |
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