Cost of living in Spencer County, IN
Population 19,871 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Spencer County
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Spencer County
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Spencer County
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Spencer County
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Spencer County
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Spencer County
State and local tax rates for Indiana.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Spencer County
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Spencer County
What it costs to live in Spencer County each month.
- Rent $707
- Energy $199
- Water $50
- Groceries $318
- Transport $320
- Healthcare $480
- Federal tax $541
- State tax $110
- Rent $928
- Energy $239
- Water $60
- Groceries $527
- Transport $420
- Healthcare $864
- Federal tax $830
- State tax $180
- Rent $1,300
- Energy $298
- Water $70
- Groceries $800
- Transport $520
- Healthcare $1,350
- Childcare $1,200
- Federal tax $830
- State tax $180
Frequently asked questions about Spencer County
Common questions about cost of living, rent and salary.
What is the average rent in Spencer County?
In Spencer County, IN, a one-bedroom apartment averages $707 per month, a two-bedroom averages $928 per month, a three-bedroom averages $1,300 per month, according to HUD Fair Market Rent data.
What is the average salary in Spencer County?
In Spencer County, IN, the average household income is $70,890 per year and individual earnings for full-time workers average $43,152 per year, according to U.S. Census Bureau data.
What is the cost of living in Spencer County?
The estimated cost of living in Spencer County, IN is approximately $2,725 per month for a single person, $4,048 for a couple, $6,548 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Spencer County?
The combined sales tax rate in Spencer County, IN is 7.00%, which includes the Indiana state rate of 7.00% plus an average local rate of 0.00%.
Is Spencer County an affordable place to live?
Based on the data, a single person in Spencer County, IN would need approximately $2,725 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $70,890 per year ($5,908 per month). Spencer County is relatively affordable compared to the national average.
How much does healthcare cost in Spencer County?
The ACA marketplace benchmark premium in Spencer County, IN is approximately $480 per month for an individual. Approximately 3.8% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Spencer County?
The average home value in Spencer County, IN is $180,200, with average annual property taxes of $1,138, according to U.S. Census Bureau data.
How does Spencer County compare to other areas?
You can compare Spencer County, IN with any other US county using our comparison tool at /compare. Spencer County is in Indiana.
Other counties in Indiana
Browse the full list of counties in Indiana, ranked by cost of living.
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About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP