Median Household Income
$48,378 ± $6,582
Median Home Value
$162,900 ± $15,740
Median Gross Rent
$798 ± $178/mo
Per Capita Income
$30,884
Poverty Rate
14.1%
Unemployment Rate
4.3%
Homeownership Rate
67.1%
Bachelor's Degree or Higher
21.0%
Median Age
51.7
Average Commute
17 min
Households
1,193
Veterans
133
Population Over Time
Spencer grew 1.1% from 2014 to 2024.
2014
2,453
2016
2,281
2018
2,272
2020
2,224
2022
2,240
2024
2,481
Population by Race & Ethnicity
White
92.3%
Hispanic or Latino
2.5%
Black or African American
0.8%
Asian
2.6%
Nearby Cities in Indiana
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.