Last updated: 2024 BLS data · Page refreshed:
Spencer has a population of 1,686 with a median age of 38.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,686 |
| Median Age | 38.7 |
| White | 97.4% |
| Hispanic or Latino | 1.8% |
| Other / Two or More Races | 0.8% |
The median household income in Spencer is $69,750, which is 13.5% below the national median of $80,610. The per capita income is $33,962. The poverty rate is 2.1%.
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In Spencer, 90.1% of residents age 25+ have a high school diploma or higher, and 14.6% hold a bachelor's degree or higher (3.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.1% |
| Bachelor's Degree or Higher | 14.6% |
| Graduate or Professional Degree | 3.2% |
The median home value in Spencer is $155,400, below the national median of $303,400. The median monthly rent is $580. The homeownership rate is 71.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $155,400 |
| Median Monthly Rent | $580 |
| Homeownership Rate | 71.9% |
| Vacancy Rate | 0.7% |
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