Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.1 yrs |
|---|---|
| Avg HH Size | 2.09 |
| Below Poverty | 6.0% ▼ 40% below avg |
| College Grads | 29.5% ▼ 24% below avg |
| Unemployment | 0.4% ▼ 92% below avg |
| HS Graduate | 150 (38.8%) |
| Some College | 57 (14.7%) |
| Associates | 66 (17.1%) |
| Bachelors | 70 (18.1%) |
| Graduate Degree | 44 (11.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,938 ▼ 21% below avg |
|---|---|
| Median Home Value | $119,900 ▼ 57% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $708/mo |
| Total Housing Units | 392 |
| Vacant Units | 129 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Nebraska, located in Boyd County. The city spans 1 ZIP code and is home to approximately 549 residents. It is a mature city, with a median age of 47.1 years.
Economically, Spencer is a solidly middle-class community. The median household income of $59,938 is below the national average. Approximately 6.0% of residents live below the poverty line. The unemployment rate is 0.4%, well below the national average.
The real estate market in Spencer is one of the more affordable housing markets in the country. Median home values stand at $119,900, which is well below the national average. Renters typically pay around $708 per month. Homeownership is high at 72.6%, typical of suburban and family-oriented communities.
The population of Spencer is moderately educated. 29.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.45%).
Spencer, NE offers residents a cost-conscious lifestyle within Nebraska.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 68777 | 549 | $59,938 | $119,900 | $708 | 0.4% | 29.5% | 72.6% |