Spencer, IN

Full City Profile · Indiana · Owen County County

3.7 /5.0
B+ Good
2,308 Population 1,350/sq mi density
$47,994 Median Income $31,716 per capita
$146,300 Home Value $252,223 Zillow
$860 Median Rent 24.1% income on rent
53°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$47,994 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$146,300 home value, $860/mo rent
C
Education
2.5 / 5.0
18.3% bachelor's degree or higher

Spencer, IN

At a Glance

Median Income
$47,994
36% below
$31,716 per capita
Home Value
$146,300
48% below
Zillow: $252,223
Median Rent
$860/mo
26% below
24.1% of income on rent
Bachelor's Degree+
18.3%
46% below
84.7% high school+
Unemployment
3.1%
14% below
9.3% poverty rate
Obesity Rate
42.3%
32% above
19.3% smoking rate
Avg Temperature
53°F

How Spencer Compares to the U.S. Average

Each bar shows Spencer's value as a percentage of the national average (100% = U.S. avg)

Income
64%
Home Value
52%
Rent
74%
Poverty
75%
Bachelor's
54%
Unemployment
86%
Thin vertical line = U.S. national average (100%)

Is Spencer a Good Place to Live?

B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Spencer residents earn a median household income of $47,994 , which is 36% below the national average of $75,149. Per capita income is $31,716. The unemployment rate stands at 3.1% (14% below the U.S. rate of 3.6%). 9.3% of residents live below the poverty line. The area is home to 330 business establishments, including 30 restaurants.

Housing & Cost of Living

The median home value in Spencer is $146,300 , 48% below the national median of $281,900. Zillow estimates the typical home at $252,223. Median rent is $860/month, with 24.1% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1951.

Education

18.3% of adults in Spencer hold a bachelor's degree or higher (46% below the national average). 84.7% have completed high school. Local schools score 7.0/10 in standardized testing.

Climate & Weather

Spencer has an average annual temperature of 53°F (12°C). Winters average 29°F in January while summers reach 75°F in July. Annual precipitation totals 49.7 inches.

Data Overview

People

Population2,308
Median Age49.4 yrs
Density1,350/mi²
Male / Female50% / 50%
Foreign Born0.4%
Veterans6.7%

Economy

B+
Median Income$47,994
Per Capita$31,716
Unemployment3.1%
Poverty9.3%
County GDP$760M
Avg Weekly Wage$1,108

Housing

A+
Home Value$146,300
Rent$860
Ownership65.6%
Zillow$252,223
Housing Units1,241
Rent Burden24.1%

Health

Obesity42.3%
Diabetes11.7%
Smoking19.3%
Heart Disease6.4%
Premature Death12,176/100K

Climate

Avg Temp53°F
Rain49.7 in/yr
Elevation551 ft

Education

C
Bachelor's+18.3%
High School+84.7%
Graduate+6.0%
School Score7.0/10

Community

2024 VoteR 75% / D 24%
Commute19 min
Broadband73.2%
Internet Speed118 Mbps
EV Stations1
Libraries2

Did You Know?

The median home in Spencer was built in 1951.
The nearest airport is Terre Haute Regional (31 miles).
The Gini coefficient (income inequality) is 0.439 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
19.7% of the population has a disability.
Average internet download speed is 118 Mbps.
The county recorded 2 fatal vehicle crashes.