Spearfish has a population of 12,268 with a median age of 38.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 12,268 |
| Median Age | 38.4 |
| White | 89.2% |
| Black or African American | 0.8% |
| Asian | 0.5% |
| Hispanic or Latino | 2.2% |
| Other / Two or More Races | 7.3% |
The median household income in Spearfish is $58,734, which is 21.8% below the national median of $75,149. The per capita income is $44,700. The poverty rate is 13.1%.
The unemployment rate in Spearfish is 2.3%, compared to the national rate of 5.4%.
In Spearfish, 95.9% of residents age 25+ have a high school diploma or higher, and 45.2% hold a bachelor's degree or higher (15.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.9% |
| Bachelor's Degree or Higher | 45.2% |
| Graduate or Professional Degree | 15.2% |
The median home value in Spearfish is $271,400, below the national median of $281,900. The median monthly rent is $913. The homeownership rate is 52.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $271,400 |
| Median Monthly Rent | $913 |
| Homeownership Rate | 52.0% |
| Vacancy Rate | 9.0% |
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