In 2023, Spencer, IN had a population of 2.31k people with a median age of 49.4 and a median household income of $47,994. Between 2022 and 2023 the population of Spencer, IN grew from 2,240 to 2,308, a 3.04% increase and its median household income grew from $45,536 to $47,994, a 5.4% increase.
The 5 largest ethnic groups in Spencer, IN are White (Non-Hispanic) (94.6%), Other (Non-Hispanic) (1.56%), Asian (Non-Hispanic) (1.34%), Black or African American (Non-Hispanic) (1.17%), and Two+ (Non-Hispanic) (0.607%).
None of the households in Spencer, IN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Spencer, IN are U.S. citizens.
In 2023, the median property value in Spencer, IN was $146,300, and the homeownership rate was 65.6%.
Most people in Spencer, IN drove alone to work, and the average commute time was 18.9 minutes. The average car ownership in Spencer, IN was 2 cars per household.