Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.5 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 10.1% ≈ Avg |
| College Grads | 33.5% ▼ 13% below avg |
| Unemployment | 3.1% ▼ 36% below avg |
| No HS Diploma | 76 (1%) |
| HS Graduate | 2,802 (36.9%) |
| Some College | 1,051 (13.9%) |
| Associates | 1,111 (14.6%) |
| Bachelors | 775 (10.2%) |
| Graduate Degree | 1,769 (23.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,688 ▼ 11% below avg |
|---|---|
| Median Home Value | $177,600 ▼ 36% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $888/mo |
| Total Housing Units | 5,045 |
| Vacant Units | 403 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Indiana, located in Owen County. The city spans 1 ZIP code and is home to approximately 11,395 residents. It is a mature city, with a median age of 45.5 years.
Economically, Spencer is a solidly middle-class community. The median household income of $67,688 is near the national average. Approximately 10.1% of residents live below the poverty line. The unemployment rate is 3.1%, below the national average.
The real estate market in Spencer is an affordable housing market. Median home values stand at $177,600, which is below the national average. Renters typically pay around $888 per month. Homeownership is high at 80.7%, typical of suburban and family-oriented communities.
The population of Spencer is moderately educated. 33.5% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.67%).
Spencer, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47460 | 11,395 | $67,688 | $177,600 | $888 | 3.1% | 33.5% | 80.7% |