The median income of Spencer residents was an inflation-adjusted $16,042 per year. Spencer had 652 households in 2017, with a population of 1,729.
The city with the highest median resident income in the state was Belle Meade. Belle Meade's median income was $84,423 per year after adjusting for inflation – $68,381 more than Spencer. It had 994 households in 2017 and a population of 2,584.
Sewanee had the lowest annual resident income among cities in Tennessee, with a median income of only $4,476 per year. That was $11,566 less than the median income in Spencer at the time. Sewanee had 433 households in 2017 and a population of 2,377.
The table below shows the top 100 cities ranked by median annual resident earnings in 2017.