Spencer
Spencer has notably lower household income than the US average, with a median household income of $28,664. Population has held roughly steady since 1990. 9% of adults hold a bachelor's degree or higher, below the national rate of 24%. Median home value has risen by half since 1990, reaching $75,200. Households here earn about 31% less than the Indiana median.
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How many people live in Spencer, Indiana?
Spencer, Indiana has about 2,508 residents according to the 2000 Census.
What is the median household income in Spencer, Indiana?
The typical household in Spencer, Indiana earns about $28,664 a year. Half of households make more than that, and half make less.
Is Spencer, Indiana expensive?
In Spencer, Indiana, the median home is worth about $75,200, and the typical rent is about $481 a month.
How educated are people in Spencer, Indiana?
About 9.0% of adults age 25 and over in Spencer, Indiana hold a bachelor's degree or higher.
What is the poverty rate in Spencer, Indiana?
About 9.5% of people in Spencer, Indiana live below the federal poverty line.
Has Spencer, Indiana grown since 1990?
Yes, Spencer, Indiana has shrunk since 1990. The population has lost about 28 residents, a change of about -1 percent over that period.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024