Cost of Living in Spencer, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.9
100 = national avg
-12.1 vs national average
Living Wage (1 Adult)
$38,691
per year
Living Wage (Family of 4)
$91,451
per year
Cost Index by Category
Housing86.1
Food92.2
Transportation84.5
Healthcare93.8
Utilities92.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,058
per month
2 Bedroom
$1,279
per month
The overall cost of living index in Spencer is 87.9, which is 12.1% below the national average. Housing costs are below the national average at an index of 86.1. A single adult needs to earn approximately $38,691 per year to cover basic expenses.