Last updated: 2024 BLS data · Page refreshed:
Spencer has a population of 312 with a median age of 55.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 312 |
| Median Age | 55.8 |
| White | 89.7% |
| Black or African American | 0.6% |
| Hispanic or Latino | 1.9% |
| Other / Two or More Races | 7.8% |
The median household income in Spencer is $58,667, which is 27.2% below the national median of $80,610. The per capita income is $31,841. The poverty rate is 8.7%.
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In Spencer, 97.1% of residents age 25+ have a high school diploma or higher, and 12.8% hold a bachelor's degree or higher (3.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.1% |
| Bachelor's Degree or Higher | 12.8% |
| Graduate or Professional Degree | 3.3% |
The median home value in Spencer is $82,500, below the national median of $303,400. The median monthly rent is $713. The homeownership rate is 74.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $82,500 |
| Median Monthly Rent | $713 |
| Homeownership Rate | 74.0% |
| Vacancy Rate | 33.9% |
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