Last updated: 2024 BLS data · Page refreshed:
Spencer has a population of 3,349 with a median age of 44.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,349 |
| Median Age | 44.2 |
| White | 50.7% |
| Black or African American | 41.0% |
| Hispanic or Latino | 5.6% |
| Other / Two or More Races | 2.7% |
The median household income in Spencer is $65,465, which is 18.8% below the national median of $80,610. The per capita income is $34,584. The poverty rate is 11.2%.
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In Spencer, 82.4% of residents age 25+ have a high school diploma or higher, and 25.6% hold a bachelor's degree or higher (8.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 82.4% |
| Bachelor's Degree or Higher | 25.6% |
| Graduate or Professional Degree | 8.9% |
The median home value in Spencer is $201,700, below the national median of $303,400. The median monthly rent is $1,000. The homeownership rate is 72.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $201,700 |
| Median Monthly Rent | $1,000 |
| Homeownership Rate | 72.7% |
| Vacancy Rate | 16.1% |
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