Spencer is a city located in Minnesota. Spencer has a 2024 population of 558. Spencer is currently growing at a rate of 1.27% annually and its population has increased by 5.28% since the most recent census, which recorded a population of 530 in 2020.
The average household income in Spencer is $82,820 with a poverty rate of 15.74%. The median age in Spencer is 48.6 years: 54.8 years for males, and 40.3 years for females.
According to the most recent ACS, the racial composition of Spencer was:
White
Two or more races
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Other race
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 189 | 2.76 | 79.9 | 20.1 |
| Married | 103 | 3.38 | 94.2 | 5.8 |
| Non Family | 57 | 1.42 | 70.2 | 29.8 |
| Female | 21 | 3.38 | 42.9 | 57.1 |
| Male | 8 | 2.63 | 62.5 | 37.5 |
3.08
Average Family Size
2.76
Average Household Size
79.9%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among 2+ races people with a rate of 100%.
The highest rate of bachelors degrees is among white people with a rate of 20.11%.
All
Male
Female
$35,208
Average Earnings
$47,813
Average Male
$26,250
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
97.93% of Spencer residents speak only English, while 2.07% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 0.83% of the population.
rate
15.74%
Overall Poverty Rate
8.24%
Male Poverty Rate
23.62%
Female Poverty Rate
The race most likely to be in poverty in Spencer is Hispanic, with 87.5% below the poverty level.
The race least likely to be in poverty in Spencer is White, with 14.68% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0.83%. Among those working part-time, it was 15.63%, and for those that did not work, the poverty rate was 14.89%.
Married
Widowed
Divorced
Separated
NeverMarried
52.7%
Overall Marriage Rate
48.1%
Male Marriage Rate
58.1%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is Over 65.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
34.48%
Veteran Disability Rate
LaborForceParticipation
60.2%
Labor Force Participation
51.9%
Employment Rate
13.8%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
81.57%
Born in Spencer
99.62%
Native Born
0.38%
Foreign Born
0%
Non Citizen
0.38%
Naturalized
99.62% of Spencer residents were born in the United States, with 81.57% having been born in Minnesota. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 593 | 7 | 1.19% |
| 2028 | 586 | 7 | 1.21% |
| 2027 | 579 | 7 | 1.22% |
| 2026 | 572 | 7 | 1.24% |
| 2025 | 565 | 7 | 1.25% |
| 2024 | 558 | 7 | 1.27% |
| 2023 | 551 | 7 | 1.29% |
| 2022 | 544 | 7 | 1.3% |
| 2021 | 537 | 7 | 1.32% |
| 2020 | 530 | 16 | 3.11% |
| 2019 | 514 | 0 | 0% |
| 2018 | 514 | 4 | 0.78% |
| 2017 | 510 | 1 | 0.2% |
| 2016 | 509 | -3 | -0.59% |
| 2015 | 512 | 2 | 0.39% |
| 2014 | 510 | 1 | 0.2% |
| 2013 | 509 | -5 | -0.97% |
| 2012 | 514 | -4 | -0.77% |
| 2011 | 518 | -2 | -0.38% |
| 2010 | 520 | 0 | 0% |