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Spencer, Ohio

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
628
Population
$73,542
Median Income
$165,300
Home Value
35.3
Median Age

Demographics

Spencer has a population of 628 with a median age of 35.3. Here is the racial and ethnic breakdown of the population:

White
98.2%
Other
1.2%
Hispanic
0.6%
Demographic Value
Total Population628
Median Age35.3
White98.2%
Hispanic or Latino0.6%
Other / Two or More Races1.2%
Spencer, Ohio — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 98.2%Other: 1.8%628PopulationWhiteWhite98.2%OtherOther1.8%

Income & Economy

The median household income in Spencer is $73,542, which is 8.8% below the national median of $80,610. The per capita income is $30,471. The poverty rate is 10.7%.

$73,542
Median Household Income
$30,471
Per Capita Income
10.7%
Poverty Rate

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Education

In Spencer, 92.9% of residents age 25+ have a high school diploma or higher, and 13.3% hold a bachelor's degree or higher (1.4% with a graduate or professional degree).

HS Diploma+
92.9%
Bachelor's+
13.3%
Graduate+
1.4%
Education Level % of Adults (25+)
High School Diploma or Higher92.9%
Bachelor's Degree or Higher13.3%
Graduate or Professional Degree1.4%

Housing

The median home value in Spencer is $165,300, below the national median of $303,400. The median monthly rent is $768. The homeownership rate is 78.2%.

$165,300
Median Home Value
$768/mo
Median Rent
78.2%
Homeownership Rate
Housing Metric Value
Median Home Value$165,300
Median Monthly Rent$768
Homeownership Rate78.2%
Vacancy Rate1.9%

Salaries in Ohio

Explore salary data for popular occupations in Ohio:

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Other Cities in Ohio

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Frequently Asked Questions

What is the population of Spencer, Ohio?
The population of Spencer, Ohio is 628 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Spencer, Ohio?
The median household income in Spencer, Ohio is $73,542. This is 8.8% below the national median of $80,610.
What is the median home value in Spencer, Ohio?
The median home value in Spencer, Ohio is $165,300. The median monthly rent is $768.
What percentage of people in Spencer have a college degree?
In Spencer, Ohio, 13.3% of adults age 25 and older hold a bachelor's degree or higher, and 92.9% have a high school diploma or higher.
Is Spencer, Ohio an affordable place to live?
The home price-to-income ratio in Spencer, Ohio is 2.2x (median home value $165,300 vs. median income $73,542), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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