Spencer, Indiana Population 2024

2,469

Spencer is a city located in Greene County, Monroe County, and Owen County Indiana. Spencer has a 2024 population of 2,469. It is also the county seat of Owen County. Spencer is currently growing at a rate of 0.2% annually and its population has increased by 0.86% since the most recent census, which recorded a population of 2,448 in 2020.

The average household income in Spencer is $61,088 with a poverty rate of 12.69%. The median age in Spencer is 46.8 years: 46.7 years for males, and 49.1 years for females.

Spencer Demographics

According to the most recent ACS, the racial composition of Spencer was:

  • White: 95.22%
  • Two or more races: 1.92%
  • Asian: 1.56%
  • Other race: 0.89%
  • Black or African American: 0.4%
  • Native American: 0%
  • Native Hawaiian or Pacific Islander: 0%
State
Indiana
Land Area (mi²)
1.6 sq mi
Density (mi²)
1,548.70/sq mi
Growth Since 2020
0.86% (21)
The current population of Spencer, Indiana is 2,469 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 2,448.

Population by Race

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Race
Population
Percentage (of total)
White2,13395.22%
Two or more races431.92%
Asian351.56%
Other race200.89%
Black or African American90.4%
Native American00%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Asian

Other race

Black or African American

Native American

Native Hawaiian or Pacific Islander

Spencer Population by Race

Spencer Population Pyramid 2024

Spencer Median Age

46.8

Total

46.7

Male

49.1

Female

Spencer Adults

There are 1,879 adults, (635 of whom are seniors) in Spencer.

Spencer Age Dependency

80.1

Age Dependency Ratio

51

Old Age Dependency Ratio

29

Child Dependency Ratio

Spencer Sex Ratio

Female1,14050.89%
Male1,10049.11%

Spencer Population by Age

Spencer Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All1,0792.0164.935.1
Non Family5861.0955.344.7
Married3813.0476.423.6
Male733.0380.819.2
Female393.9266.733.3

3.02

Average Family Size

2.01

Average Household Size

64.9%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Spencer Households and Families

Male

Female

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Education Attained
Count
Percentage
9th to 12th Grade22413.01%
Associates Degree1196.91%
Bachelors Degree17310.05%
Graduate Degree1035.98%
High School Graduate61435.66%
Less Than 9th Grade663.83%
Some College42324.56%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Spencer Educational Attainment by Sex (over 25)

Spencer Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White1,6821,393266
2+ Races13130
Asian101010
Black990
Other Race870
Hispanic100

The highest rate of high school graduation is among black people with a rate of 100%.

The highest rate of bachelors degrees is among asian people with a rate of 100%.

Spencer Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Bachelors Degree$51,250$0$52,750
Graduate Degree$60,417$0$57,083
High School Graduate$29,107$26,094$40,694
Less Than 9th Grade$0$83,313$0
Overall$35,625$37,955$30,750
Some College$28,261$38,958$19,375

$35,625

Average Earnings

$37,955

Average Male

$30,750

Average Female

Spencer Earnings by Educational Attainment

Spencer Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Spencer Language

98.71% of Spencer residents speak only English, while 1.29% speak other languages. The non-English language spoken by the largest group is Asian and Pacific Island languages, which is spoken by 1.29% of the population.

Spencer Language

Spencer Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White2,09527813.27%

12.69%

Overall Poverty Rate

10.48%

Male Poverty Rate

14.77%

Female Poverty Rate

Poverty in Spencer

The race most likely to be in poverty in Spencer is White, with 13.27% below the poverty level.

The race least likely to be in poverty in Spencer is White, with 13.27% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 4.15%. Among those working part-time, it was 12.71%, and for those that did not work, the poverty rate was 18.71%.

Spencer Poverty

rate

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Rate
Poverty
Less Than 9th Grade19.86%
Some College16.54%
High School5.46%
Bachelors or Greater0.75%

Spencer Poverty Rate by Education

rate

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Rate
Poverty
Female Unemployed25%
Female Employed6.26%
Male Employed4.61%
Male Unemployed0%

Spencer Poverty Rate by Employment Status and Sex

Spencer Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Families$64,572$85,008
Households$45,536$61,088
Married Families$72,708$-999,999,999
Non Families$28,722$39,335

mean

median

Income by Household Type

Spencer Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

42.5%

Overall Marriage Rate

45.4%

Male Marriage Rate

39.6%

Female Marriage Rate

Spencer Married by Age and Sex

male

female

Spencer Marriage

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 55-64.

Spencer Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Spencer Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

156

Number of Veterans

147

Male Veterans

9

Female Veterans

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War
Veterans
Vietnam59
First Gulf War37
Second Gulf War34
Korea7
World War II5

Spencer Veterans by War

count

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Age Group
Veterans
65 to 7454
55 to 6450
75+29
35 to 5416
18 to 347

Spencer Veterans by Age

count

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Name
Veterans
% of Total
White1498.11%
Other Race787.5%

Spencer Veterans by Race

Spencer Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

14.74%

Veteran Poverty Rate

41.67%

Veteran Disability Rate

Spencer Veterans by Education

LaborForceParticipation

55.2%

Labor Force Participation

51.9%

Employment Rate

6%

Unemployment Rate

Spencer Employment by Age

LaborForceParticipation

Spencer Employment by Race

LaborForceParticipation

Spencer Employment by Education

Origin of Non-Citizens

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.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

83.04%

Born in Spencer

99.55%

Native Born

0.45%

Foreign Born

0%

Non Citizen

0.45%

Naturalized

Place of Birth

99.55% of Spencer residents were born in the United States, with 83.04% having been born in Indiana. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.

Spencer Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20292,49660.24%
20282,49050.2%
20272,48550.2%
20262,48060.24%
20252,47450.2%
20242,46950.2%
20232,464-4-0.16%
20222,46850.2%
20212,463150.61%
20202,4481777.79%
20192,271-1-0.04%
20182,27250.22%
20172,267-14-0.61%
20162,28140.18%
20152,277-21-0.91%
20142,298-18-0.78%
20132,316-25-1.07%
20122,341-15-0.64%
20112,356-7-0.3%
20102,36300%

Spencer Population by Year