Housing costs in Spencer?
A typical home costs
$124,100, which is 63.3% less expensive than the national average of
$338,100 and 72.1% less expensive than the average Idaho home, at
$445,000. Renting a two-bedroom unit in Spencer costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 25.8% cheaper than the state average of
$1,120.
Can I afford Spencer?
To live comfortably in Spencer (zip 83446), Idaho, a minimum annual income of
$23,760 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Spencer?
Life in Spencer, ID is generally considered to be quite affordable. The cost of living index for 83446 is a remarkably low 82.7, which is significantly lower than the national average of 100. Most goods and services, including groceries, transportation, healthcare, utilities, and housing are all considerably cheaper than the norm. This makes the city an attractive option for those looking to save some money while still enjoying a pleasant lifestyle in a scenic setting. Additionally, Spencer is close to nearby Idaho Falls with plenty of shopping and dining options that provide residents with variety when it comes to their daily needs and activities.