54479, Spencer, WI

The Spencer zip code 54479 has a median home value of $128,000 and a median home equity value of $122,000. These values are significantly higher than the Wisconsin state median home value of $101,500 and the national median home value of $177,200. The Spencer zip code is also among the top 20% wealthiest zip codes in America with a median household income of over $160,000.

One reason for this high level of wealth is the strong economy in Spencer. The unemployment rate in Spencer is only 2.8%, well below the Wisconsin state average unemployment rate of 3.9% and the national average unemployment rate of 4%. Additionally, wages in Spencer are above average for both Wisconsin and America. The average wage in Spencer is $50,720 compared to the statewide average wage of $48,860 and the national average wage of $53,046. These factors combined with high levels of home equity mean that many people in Spencer can afford to buy homes even if they do not have a large down payment or excellent credit history.

Despite these positive economic indicators, there are some challenges facing people living in Spencer. One issue is that housing prices have been rising rapidly over the past few years which has made it difficult for many people to buy homes even if they want to. Another challenge is that there are not enough jobs available in Spencer to accommodate everyone who wants one. This means that many people are having to move away from their hometowns or commute long distances to work which can be difficult on family relationships and overall quality of life