In 2022, Spencer, IN had a population of 2.24k people with a median age of 46.8 and a median household income of $45,536. Between 2021 and 2022 the population of Spencer, IN grew from 2,149 to 2,240, a 4.23% increase and its median household income grew from $34,063 to $45,536, a 33.7% increase.
The 5 largest ethnic groups in Spencer, IN are White (Non-Hispanic) (95.2%), Asian (Non-Hispanic) (1.56%), Two+ (Non-Hispanic) (1.52%), Other (Non-Hispanic) (0.848%), and Black or African American (Non-Hispanic) (0.402%).
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 2022, the median property value in Spencer, IN was $128,000, and the homeownership rate was 64.9%.
Most people in Spencer, IN drove alone to work, and the average commute time was 23.1 minutes. The average car ownership in Spencer, IN was 2 cars per household.