Hayesville, NC vs Spencer, NC

Hayesville is moderately more affordable than Spencer, with a 11.7% lower cost of living index. Hayesville scores 69 compared to 78 for Spencer, where the US average is 100. This difference means residents of Spencer can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hayesville is $596/month compared to $1,042/month in Spencer — a 43% difference. Interestingly, home values tell a different story: while Hayesville has cheaper rent, Spencer actually has lower median home values ($149,800 vs $217,400).

Median household income in Hayesville is $52,875 compared to $64,031 in Spencer (-17.4%). While Spencer is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hayesville spend roughly 13.5% of their income on rent, less than the 19.5% in Spencer.