This data is based on ZIP codes 28144, 28146, 28159, which covers Spencer and East Spencer and Faith and Granite Quarry and Salisbury.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 28144, 28146, 28159 area shared across these towns.
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Spencer ZIP Area Economy · 2023
Wages +3% vs. avg. Rowan Co. town
Spencer's ZIP area supports 23,514 jobs across 1,280 businesses, with workers earning an average of $56K per year, 3% above the Rowan County average. The economy is well-diversified (0.89 index), led by retail trade and healthcare. 83.8% of businesses have fewer than 20 employees, and each business employs an average of 18.4 people. Jobs declined 0.8% from the prior year while business count grew 0%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Rowan Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,280 businesses by employee count. 83.8% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (250-499)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
18.4
employees per business
County avg: 16.7+10%
$392K
payroll per resident
$1.0M
payroll per business
Spencer ZIP Area vs. Avg. Rowan Co. Towni
All Industries in ZIP Areai
| Sector | Spencer ZIP | Avg. Rowan Co. | Spec. |
|---|---|---|---|
| Retail Trade | 200 | 122 | 1.0x |
| Healthcare | 167 | 78 | 1.3x |
| Other Services | 143 | 93 | 0.9x |
| Food & Accommodation | 126 | 69 | 1.1x |
| Construction | 118 | 89 | 0.8x |
| Professional Services | 102 | 55 | 1.1x |
| Admin Services | 72 | 46 | 0.9x |
| Finance & Insurance | 70 | 39 | 1.1x |
| Real Estate | 55 | 35 | 0.9x |
| Manufacturing | 54 | 36 | 0.9x |
| Wholesale Trade | 52 | 32 | 1.0x |
| Transportation | 46 | 32 | 0.9x |
| Arts & Entertainment | 20 | 12 | 1.0x |
| Education | 16 | 7 | 1.4x |
| Information | 13 | 7 | 1.1x |
| Management | 8 | 4 | 1.2x |
| Utilities | 7 | 3 | 1.4x |