All Countries
Spencer, IN
Full City Profile · Indiana · Owen County County
3.1
/5.0
B
Good
2,308
Population
1,350/sq mi density
$47,994
Median Income
$31,716 per capita
$146,300
Home Value
$242,220 Zillow
$860
Median Rent
24.1% income on rent
53°F
Avg Temperature
293 sunny days/yr
354
Violent Crime/100K
2,968 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$47,994 median income, 1.7% unemployment
A+
Affordability
5.0 / 5.0
$146,300 home value, $860/mo rent
F
Safety
1.0 / 5.0
354 violent crimes/100K
C
Education
2.5 / 5.0
18.3% bachelor's degree or higher
Change Over Time (2013, 2023)
Population Change
+7.6%
2,316 → 2,492
over 10 years
Annual Pop. Growth
+0.74%
Compound annual growth rate
Median Income Change
+58.1%
$30,348 → $47,994
nominal, not inflation-adjusted
Annual Income Growth
+4.69%
Compound annual growth rate
Population Over Time
Total population for Spencer across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
2,624
+132 from 2023 (2,492)
Projected Median Income 2030
$66,149
+$18,155 from 2023 ($47,994)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 2,316 | - | $30,348 | - |
| 2015 | 2,277 | -1.7% | $29,926 | -1.4% |
| 2017 | 2,267 | -0.4% | $35,208 | +17.7% |
| 2019 | 2,271 | +0.2% | $38,981 | +10.7% |
| 2021 | 2,426 | +6.8% | $34,063 | -12.6% |
| 2023 | 2,492 | +2.7% | $47,994 | +40.9% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.