Spencer is a city located in Clay County, Iowa. Spencer has a 2026 population of 11,475. It is also the county seat of Clay County. Spencer is currently growing at a rate of 0.25% annually and its population has increased by 1.51% since the most recent census, which recorded a population of 11,304 in 2020.
The median household income in Spencer is $59,667 with a poverty rate of 14.02%. The median age in Spencer is 41.4 years: 39 years for males, and 43.1 years for females. For every 100 females there are 93.0 males.
Data after 2023 is projected based on recent change
Overall: 41.4 years
Female: 43.1 years
Male: 39 years
There are 8,743 adults, (2,495 of whom are seniors) in Spencer.
Female: 5,906 (51.8%)
Male: 5,494 (48.2%)
The racial composition of Spencer includes 92.25% White, and smaller percentages for other race, Asian, Black or African American, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 10,516 | 92.25% |
| Two or more races | 423 | 3.71% |
| Other race | 298 | 2.61% |
| Asian | 103 | 0.9% |
| Black or African American | 40 | 0.35% |
| Native American | 20 | 0.18% |
Spencer 's average per capita income is $46,288. Household income levels show a median of $59,667. The poverty rate stands at 14.02%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $103,902 | - |
| Families | $82,439 | $104,659 |
| Households | $59,667 | $78,061 |
| Non Families | $36,073 | $46,160 |
Average Income
Median Household Income
Poverty Rate