Spencer town, Indiana Demographics & Population 2026

Name: Spencer town, Indiana Demographics
Creator: U.S. Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

As of 2026, Spencer town, Indiana has a total population of 2,308, the 206th largest city in Indiana, with a median household income of $47,994, which is 31% lower than the state average. The poverty rate is 13.9%.

Key Takeaways

Household income is 31% below the state average, indicating significant economic challenges.

Spencer town Quick Facts

Population 2,308

Median Household Income $47,994

Median Home Value $146,300

Poverty Rate 13.9%

Unemployment Rate 3.1%

Median Age 49.4 years

Homeownership Rate 65.6%

Affordability Ratio 3.0x

Bachelor's Degree or Higher 18.3%

High School Graduation Rate 84.7%

Diversity Index 10/100

Population 2,308 206th of 967

Median Income $47,994 bottom 20%

Poverty Rate 13.9% 12% higher national

Median Home Value $146,300 average

How Spencer town Compares

Median Household Income

Spencer town

$47,994

$70,051

National

$78,538

Median Home Value

Spencer town

$146,300

$201,600

National

$303,400

Economy & Housing

Household Income Distribution

Under $25K 23.6%

$25K-$50K 29.6%

$50K-$100K 30.5%

$100K+ 16.3%

Employment

3.1% Unemployment Rate State: 4.3% | National: 5.2%

54.9% Labor Force Participation

Housing Overview

Owner 65.6%

Renter 34.4%

Affordability Index Affordable

3.0x home value to income ratio

People & Demographics

Age Distribution

Under 18

13.9%

18-34

22.4%

35-54

19.1%

55-74

31.3%

75+

13.3%

Race & Ethnicity

Diversity Index

Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Educational Attainment (Adults 25+)

Spencer town Rankings in Indiana

#206 Population of 967

#673 Median Income of 967

#352 Education of 967

#340 Home Value of 967

Explore Indiana Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Other Cities in Jennings County

City	Population	Median Income	Poverty	Home Value
Geneva town	1,267	$52,813	23.1%	$127,400

Cities Similar to Spencer town

These cities in the same state have comparable population and economic profiles.

City	Population	Median Income	Home Value	Bachelor's+	Poverty
Fowler town	2,286	$51,654	$110,300	16.4%	9.3%
Cloverdale town	2,219	$47,016	$117,300	16.5%	11.8%
New Chicago town	2,348	$54,700	$118,900	17.0%	15.9%
Petersburg city	2,141	$48,924	$94,700	12.2%	15.1%
Bloomfield town	2,440	$51,144	$108,700	13.0%	13.5%

Population Overview

Spencer town is a small community located in Indiana, within Jennings County. The total population is 2,308. It ranks as the 206th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Spencer town is 49.4 years. This is 30% higher than the state median of 38.0 years. Only 13.9% of residents are under 18, indicating fewer families with children. 13.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Spencer town is $47,994. This is 31% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 39% lower. The poverty rate stands at 13.9%. This is 14% higher than the state poverty rate of 12.2%. The unemployment rate is 3.1%. This is 28% lower than the state rate of 4.3%. The median home value is $146,300. Housing costs are 27% lower than the state median of $201,600. The home-value-to-income ratio is 3.0x. 65.6% of occupied housing units are owner-occupied. This homeownership rate is 7% lower than the state average of 70.3%.

Race & Ethnicity

Spencer town has a predominantly White (non-Hispanic) population, comprising 94.6% of all residents. Asian residents account for 1.3%. The Black or African American population (1.2%) is well below the state average of 9.1%. The Hispanic or Latino population (0.7%) is well below the state average of 8.4%.

Education

18.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 84.7%.

Data Sources & Methodology

All demographic data for Spencer town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Spencer town, Indiana?

Spencer town, Indiana has a population of 2,308 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Spencer town, IN?

The median household income in Spencer town is $47,994, which is 39% lower the national median of $78,538.

What is the poverty rate in Spencer town, IN?

The poverty rate in Spencer town is 13.9%. This means approximately 308 residents live below the federal poverty line.

What is the racial makeup of Spencer town, Indiana?

Spencer town's population is 94.6% White, 1.2% Black, 0.7% Hispanic/Latino, and 1.3% Asian.

What is the median home value in Spencer town, IN?

The median home value in Spencer town is $146,300. The home-value-to-income ratio is 3.0x.

How educated is Spencer town, Indiana?

18.3% of adults (25+) in Spencer town hold a bachelor's degree or higher, and 7.8% hold a graduate or professional degree.