Spencer village, Nebraska Demographics & Population 2026

Population Overview

Spencer village is a small community located in Nebraska. The total population is 298. It ranks as the 284th most populous out of 584 cities and towns in Nebraska.

Age Demographics

The median age in Spencer village is 59.3 years. This is 60% higher than the state median of 37.1 years. Only 12.8% of residents are under 18, indicating fewer families with children. 13.1% 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 village is $55,469. This is 26% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 29% lower. The poverty rate stands at 11.1%. This is 7% higher than the state poverty rate of 10.3%. The unemployment rate is 0.6%. This is 81% lower than the state rate of 3.0%. The median home value is $85,800. Housing costs are 62% lower than the state median of $223,800. With a home-value-to-income ratio of just 1.5x, Spencer village is one of the most affordable housing markets in the area. 67.6% of occupied housing units are owner-occupied. This homeownership rate is 2% higher than the state average of 66.5%.

Race & Ethnicity

Spencer village has a predominantly White (non-Hispanic) population, comprising 95.3% of all residents. Black or African American residents account for 1.0%. The Black or African American population (1.0%) is well below the state average of 4.6%. The Hispanic or Latino population (0.3%) is well below the state average of 12.3%.

Education

8.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 75% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.7%.

Data Sources & Methodology

All demographic data for Spencer village, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.