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Spencer village, New York Demographics & Population 2026

High PovertyPoverty rate of 31.7% is well above the state average

As of 2026, Spencer village, New York has a total population of 848, the 902nd largest city in New York, with a median household income of $50,682, which is 40% lower than the state average. The poverty rate is 31.7%.

Key Takeaways

Spencer village Quick Facts

Population 848
Median Household Income $50,682
Median Home Value $139,200
Poverty Rate 31.7%
Unemployment Rate 5.6%
Median Age 34.5 years
Homeownership Rate 62.6%
Affordability Ratio 2.7x
Bachelor's Degree or Higher 25.2%
High School Graduation Rate 85.9%
Diversity Index 6/100
Population 848 902nd of 1,287
Median Income $50,682 bottom 20%
Poverty Rate 31.7% 155% higher national
Median Home Value $139,200 bottom 30%

How Spencer village Compares

Economy & Housing

Employment

5.6% Unemployment Rate State: 6.2% | National: 5.2%
58.6% Labor Force Participation

Housing Overview

Owner 62.6%
Renter 37.4%
Affordability Index Very Affordable
2.7x home value to income ratio

People & Demographics

Diversity Index

6out of 100
Very Low Diversity

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

State average: 65 | National average: 60

Education

Spencer village Rankings in New York

#902 Population of 1,287
#1097 Median Income of 1,287
#866 Education of 1,287
#930 Home Value of 1,287

Cities Similar to Spencer village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Nassau Lake CDP841N/A$271,50012.6%12.6%
Dexter village828$49,826$152,60017.8%17.9%
Hancock village876$50,547$145,30018.8%14.8%
Castile village844$58,625$127,40022.5%16.6%
Philadelphia village803$53,958$134,40017.5%26.5%

Population Overview

Spencer village is a small community located in New York. The total population is 848. It ranks as the 902nd most populous out of 1,287 cities and towns in New York.

Age Demographics

The median age in Spencer village is 34.5 years. This is 13% lower than the state median of 39.6 years. With 28.3% of the population under 18, Spencer village has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Spencer village is $50,682. This is 40% lower than the state median of $84,578. Compared to the national median of $78,538, household income here is 35% lower. The poverty rate stands at 31.7%. This is 132% higher than the state poverty rate of 13.7%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.6%. This is 10% lower than the state rate of 6.2%. The median home value is $139,200. Housing costs are 65% lower than the state median of $403,000. With a home-value-to-income ratio of just 2.7x, Spencer village is one of the most affordable housing markets in the area. 62.6% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 54.3%.

Race & Ethnicity

Spencer village has a predominantly White (non-Hispanic) population, comprising 97.2% of all residents. Black or African American residents account for 0.8%. The White (non-Hispanic) population is significantly higher than the state average (97.2% vs 53.4%). The Black or African American population (0.8%) is well below the state average of 13.6%. The Hispanic or Latino population (0.7%) is well below the state average of 19.6%. The Asian population (0.2%) is well below the state average of 8.8%.

Education

25.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% lower than the state rate of 39.6%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.9%.

Data Sources & Methodology

All demographic data for Spencer village, New York 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 New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,287 Census-designated places in New York. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Spencer village, New York?

Spencer village, New York has a population of 848 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Spencer village, NY?

The median household income in Spencer village is $50,682, which is 35% lower the national median of $78,538.

What is the poverty rate in Spencer village, NY?

The poverty rate in Spencer village is 31.7%. This means approximately 268 residents live below the federal poverty line.

What is the racial makeup of Spencer village, New York?

Spencer village's population is 97.2% White, 0.8% Black, 0.7% Hispanic/Latino, and 0.2% Asian.

What is the median home value in Spencer village, NY?

The median home value in Spencer village is $139,200. The home-value-to-income ratio is 2.7x.

How educated is Spencer village, New York?

25.2% of adults (25+) in Spencer village hold a bachelor's degree or higher, and 5.1% hold a graduate or professional degree.