Spencer, IN

Census Place

2024 Population

2,481

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

51.7

4.66% 1-year increase

2024 Poverty Rate

14.1%

1.4% 1-year increase

2024 Median Household Income

$48,378

0.8% 1-year growth

2024 Median Property Value

$162,900

Population & Diversity

Spencer, IN is home to a population of 2.48k people, from which 99.3% are citizens.

As of 2024, 1.77% of Spencer, IN residents were born outside of the country (44 people).

In 2024, there were 35.2 times more White (Non-Hispanic) residents (2.29k people) in Spencer, IN than any other race or ethnicity. There were 65 Asian (Non-Hispanic) and 35 Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.3%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 99.3% of Spencer, IN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Spencer, IN was 100%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Spencer, IN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Spencer, IN

White (Non-Hispanic)
2.29k ± 95
Asian (Non-Hispanic)
65 ± 73
Other (Hispanic)
35 ± 56

2.46%

Hispanic Population

61 people

2.46% of the people in Spencer, IN are hispanic (61 people).

The following chart shows the 8 races represented in Spencer, IN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Indiana.

Most Common Origin

Mexico
111,417 ± 8,128 people
India
37,388 ± 4,734 people
Nigeria
18,164 ± 3,304 people

In 2024, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 111,417 Indiana residents, followed by India with 37,388 and Nigeria with 18,164.

Foreign-Born Population

1.77%

2024 Foreign-Born Population

44 people

0.433%

2023 Foreign-Born Population

10 people

As of 2024, 1.77% of Spencer, IN residents (44 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Spencer, IN was 0.433%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Spencer, IN compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
55 ± 40
Vietnam
33 ± 30
Korea
8 ± 18

Spencer, IN has a large population of military personnel who served in Gulf War (2001-), 1.67 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Spencer, IN.

Economy

The economy of Spencer, IN employs 1.13k people. In 2024, the largest industries in Spencer, IN were Manufacturing (330 people), Health Care & Social Assistance (154 people), and Retail Trade (107 people), and the highest paying industries were Professional, Scientific, & Technical Services ($76,786), Public Administration ($61,548), and Finance & Insurance, & Real Estate & Rental & Leasing ($44,667).

Employment

Occupations

1.13k

2024 Value

± 198

6.3%

1 Year growth

± 23.4%

From 2023 to 2024, employment in Spencer, IN grew at a rate of 6.3%, from 1.06k employees to 1.13k employees.

The most common job groups, by number of people living in Spencer, IN, are Production Occupations (288 people), Food Preparation & Serving Related Occupations (115 people), and Healthcare Support Occupations (92 people). This chart illustrates the share breakdown of the primary jobs held by residents of Spencer, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.13k

2024 Value

± 198

6.3%

1 Year growth

± 23.4%

From 2023 to 2024, employment in Spencer, IN grew at a rate of 6.3%, from 1.06k employees to 1.13k employees.

The most common employment sectors for those who live in Spencer, IN, are Manufacturing (330 people), Health Care & Social Assistance (154 people), and Retail Trade (107 people). This chart shows the share breakdown of the primary industries for residents of Spencer, IN, though some of these residents may live in Spencer, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$42,070

Median earning men ± $6,798

$26,911

Median earning women ± $9,616

The industries with the best median earnings for men in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($94,306), Finance & Insurance, & Real Estate & Rental & Leasing ($71,125), and Public Administration ($57,321).

The industries with the best median earnings for women in 2024 are Public Administration ($61,607), Manufacturing ($42,857), and Finance & Insurance, & Real Estate & Rental & Leasing ($42,583).

Housing & Living

The median property value in Spencer, IN was $162,900 in 2024, which is 0.49 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $146,300 to $162,900, a 11.3% increase. The homeownership rate in Spencer, IN is 67.1%, which is higher than the national average of 65.2%.

People in Spencer, IN have an average commute time of 17.8 minutes, and they drove alone to work. Car ownership in Spencer, IN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$162,900

Median Property Value 2024

±$15,740

$801

Median Property Taxes

±$150

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Spencer, IN the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Spencer, IN compared to it's parent and neighbor geographies.

Rent vs Own

67.1%

Homeownership

2024

62.5%

Homeowners with Mortgage

2024

In 2024, 67.1% of the housing units in Spencer, IN were occupied by their owner. This percentage grew from the previous year's rate of 65.6%.

This chart shows the percentage of owner in Spencer, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$48,378

Median Household Income

± $6,582

1.19k

Number of Households

± 201

In 2024, the median household income of the 1.19k households in Spencer, IN grew to $48,378 from the previous year's value of $47,994.

The following chart displays the households in Spencer, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Spencer, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (78%)
Walked (8.39%)
Worked At Home (7.1%)

In 2024, 78% of workers in Spencer, IN drove alone to work, followed by those who walked to work (8.39%) and those who worked at home (7.1%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

17.8 minutes

Average Travel Time

Using averages, employees in Spencer, IN have a shorter commute time (17.8 minutes) than the normal US worker (26.4 minutes). Additionally, 0.595% of the workforce in Spencer, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Spencer, IN compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Spencer, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Spencer, IN have 2 cars.

Poverty

Poverty & Diversity

14.1% of the population for whom poverty status is determined in Spencer, IN (334 out of 2.37k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 18 - 24, followed by Females 55 - 64 and then Males 65 - 74.

The most common racial or ethnic group living below the poverty line in Spencer, IN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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