Last updated: 2024 BLS data · Page refreshed:
Spencer has a population of 628 with a median age of 35.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 628 |
| Median Age | 35.3 |
| White | 98.2% |
| Hispanic or Latino | 0.6% |
| Other / Two or More Races | 1.2% |
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%.
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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).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.9% |
| Bachelor's Degree or Higher | 13.3% |
| Graduate or Professional Degree | 1.4% |
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%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $165,300 |
| Median Monthly Rent | $768 |
| Homeownership Rate | 78.2% |
| Vacancy Rate | 1.9% |
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