Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.9 yrs |
|---|---|
| Avg HH Size | 2.31 |
| Below Poverty | 7.7% ▼ 24% below avg |
| College Grads | 36.0% ≈ Avg |
| Unemployment | 5.7% ▲ 17% above avg |
| No HS Diploma | 146 (1.7%) |
| HS Graduate | 3,007 (35.4%) |
| Some College | 1,190 (14%) |
| Associates | 1,089 (12.8%) |
| Bachelors | 668 (7.9%) |
| Graduate Degree | 2,390 (28.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $79,086 ≈ Avg |
|---|---|
| Median Home Value | $368,300 ▲ 32% above avg |
| Home/Income Ratio | 4.7x (nat avg ~3.5x) |
| Median Rent | $1,085/mo |
| Total Housing Units | 5,788 |
| Vacant Units | 653 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Massachusetts, located in Worcester County. The city spans 1 ZIP code and is home to approximately 11,961 residents. It is a mature city, with a median age of 48.9 years.
Economically, Spencer is a middle-income community. The median household income of $79,086 is near the national average. Approximately 7.7% of residents live below the poverty line. The unemployment rate is 5.7%, above the national average.
The real estate market in Spencer is a mid-range housing market. Median home values stand at $368,300, which is above the national average. Renters typically pay around $1,085 per month. Homeownership is high at 65.1%, typical of suburban and family-oriented communities.
The population of Spencer is moderately educated. 36.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.13%).
Spencer, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 01562 | 11,961 | $79,086 | $368,300 | $1,085 | 5.7% | 36.0% | 65.1% |