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Spencer, IN
Full City Profile · Indiana · Owen County County
Spencer, IN
At a Glance
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)
Is Spencer a Good Place to Live?
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 1.7% (53% 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 $242,220. 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.
Safety & Crime
Spencer reports 354 violent crimes per 100,000 residents , which is 7% below the national average of 380/100K. Property crime is 2,968/100K.
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. The area gets 293 sunny days per year. Annual precipitation totals 49.7 inches. Air quality is rated Good with a median AQI of 34.