Spencer is a town located in Owen County, Indiana. Spencer has a 2026 population of 2,524. It is also the county seat of Owen County. Spencer is currently growing at a rate of 0.48% annually and its population has increased by 2.94% since the most recent census, which recorded a population of 2,452 in 2020.
The median household income in Spencer is $48,378 with a poverty rate of 14.08%. The median age in Spencer is 51.7 years: 45 years for males, and 59.6 years for females. For every 100 females there are 97.2 males.
Data after 2023 is projected based on recent change
Overall: 51.7 years
Female: 59.6 years
Male: 45 years
There are 2,138 adults, (747 of whom are seniors) in Spencer.
Female: 1,258 (50.7%)
Male: 1,223 (49.3%)
The racial composition of Spencer includes 92.34% White, and smaller percentages for other race, Asian, Two or more races, Black or African American, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 2,291 | 92.34% |
| Other race | 69 | 2.78% |
| Asian | 65 | 2.62% |
| Two or more races | 30 | 1.21% |
| Black or African American | 21 | 0.85% |
| Native American | 5 | 0.2% |
Spencer 's average per capita income is $39,063. Household income levels show a median of $48,378. The poverty rate stands at 14.08%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $81,563 | - |
| Families | $73,207 | $83,024 |
| Households | $48,378 | $61,215 |
| Non Families | $31,643 | $41,546 |
Average Income
Median Household Income
Poverty Rate