Last updated: 2024 BLS data · Page refreshed:
Spencer has a population of 3,928 with a median age of 44.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,928 |
| Median Age | 44.2 |
| White | 32.3% |
| Black or African American | 44.5% |
| Asian | 1.2% |
| Hispanic or Latino | 16.2% |
| Other / Two or More Races | 5.8% |
The median household income in Spencer is $59,861, which is 25.7% below the national median of $80,610. The per capita income is $29,379. The poverty rate is 15.1%.
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In Spencer, 88.4% of residents age 25+ have a high school diploma or higher, and 26.0% hold a bachelor's degree or higher (9.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.4% |
| Bachelor's Degree or Higher | 26.0% |
| Graduate or Professional Degree | 9.5% |
The median home value in Spencer is $157,000, below the national median of $303,400. The homeownership rate is 63.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $157,000 |
| Homeownership Rate | 63.3% |
| Vacancy Rate | 9.4% |
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