Median Household Income
$59,667 ± $6,531
Median Home Value
$184,800 ± $11,644
Median Gross Rent
$805 ± $95/mo
Per Capita Income
$37,510
Poverty Rate
14.0%
Unemployment Rate
4.5%
Homeownership Rate
68.1%
Bachelor's Degree or Higher
29.8%
Median Age
41.4
Average Commute
15 min
Households
5,201
Veterans
610
Population Over Time
Spencer grew 2.0% from 2014 to 2024.
2014
11,177
2016
11,172
2018
11,092
2020
11,038
2022
11,351
2024
11,400
Population by Race & Ethnicity
White
92.2%
Hispanic or Latino
5.6%
Black or African American
0.4%
Asian
0.9%
Nearby Cities in Iowa
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.